If there's any drawback, it would be in terms of how higher prices would affect the margins in their refining operations -- but that's not an issue now because of capacity constraints we have here in the United States. |
There would have to be a structural shift in prices to change their perspective, ... Right now, there's a lot of speculation built into oil prices -- the majors will have to see that turn into fundamentals in order to change their plans. |
They're primarily in the business of pulling oil out of the ground, so it's generally a benefit to them, |
This just sort of adds insult to injury, in many respects, ... They're trying to get Pascagoula up and running, and then this gets whacked. |
This just sort of adds insult to injury, in many respects. They're trying to get Pascagoula up and running, and then this gets whacked. |
Where else are they going to go? This is the place that's open to them. |