FastSaying
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.
Jeb Armstrong
Miscellaneous
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Where else are they going to go? This is the place that's open to them.
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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.
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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.
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They're primarily in the business of pulling oil out of the ground, so it's generally a benefit to them,
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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.
— Jeb Armstrong
Miscellaneous