"What does Marcellus Shale look like?"
Posted on 06/09/2016 6:51:32 PM PDT by 2ndDivisionVet
When Shell announced Tuesday it had green-lighted its ethane cracker plant in Beaver County, a high school buddy who has been watching the oil industry for decades emailed me from New York.
This move “completely, totally, unbelievably turns conventional wisdom of the past 40 years on its head,” John Kingston, director of Global Market Insights for S&P Global, said. “A petrochemical plant in the U.S., and not in Asia? And one not on the Gulf Coast? C’mon, that’s crazy talk!”
The announcement does seem a throwback to an earlier time in Western Pennsylvania. We’re talking 6,000 jobs in building the multibillion-dollar plant, and of 600 permanent jobs once it opens. Some incalculable number of additional jobs will come from the suppliers, diners, dry cleaners, schools and others who will be needed to serve the plant and its workers....
(Excerpt) Read more at post-gazette.com ...
Cracker is a racist term...
Trump effect? Getting ahead of the rush to return to the US?
Aint capitalism grand!?
We need to call the microaggression hotline!
I thought this would be about Nabisco Premium....
How many white people will this cracker plant produce every year?
There’s a ton of natural gas beneath it which can be turned into ethylene.
Makes good business sense, Shell will build a state of the art polyethylene plant near the shale oil/gas fields that will keep it supplied, smart.
No. Marcelus shale effect.
"What does Marcellus Shale look like?"
Its been known about for quite some time. But now, all of a sudden, there's development to extract it. Something shifted politically.
Shell has been moving slowly, but moving. Waiting to see if oil prices were going to recover.
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