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USw National Oil Strike
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<blockquote data-quote="greybeard" data-source="post: 1220593" data-attributes="member: 18945"><p>"In your opinion, will the downturn have any negative effect on cattle prices in your region?"--No, not unless a producer also relies on oil related income for herd expansion.</p><p></p><p>"And will increased prices at the pump slow or stop the oil industry downturn?"--not much--if at all--over supply is driving the downturn for the most part.</p><p></p><p>This is about the same time of the year that refineries do some shutdowns or "turnarounds" as well as get ready to move away from heating oil production and get ready for the spring and summer driving seasons. Refining crude tends to be pretty corrosive and even tho they use lots of stainless, some parts and piping/pumps etc have to be replaced as well as catalyst and insulation replaced--it's an ongoing process, but they try to do it at one time if they can. Caustic can tell you more about that than I can, but I do know that the big olefins plant expansions in Mont Belvue/Barber's Hill and Cedar Bayou are still on track. Enterprise, Exxon, Chevron, and Phillips all have expansions in progress. Maybe Marathon too.</p></blockquote><p></p>
[QUOTE="greybeard, post: 1220593, member: 18945"] "In your opinion, will the downturn have any negative effect on cattle prices in your region?"--No, not unless a producer also relies on oil related income for herd expansion. "And will increased prices at the pump slow or stop the oil industry downturn?"--not much--if at all--over supply is driving the downturn for the most part. This is about the same time of the year that refineries do some shutdowns or "turnarounds" as well as get ready to move away from heating oil production and get ready for the spring and summer driving seasons. Refining crude tends to be pretty corrosive and even tho they use lots of stainless, some parts and piping/pumps etc have to be replaced as well as catalyst and insulation replaced--it's an ongoing process, but they try to do it at one time if they can. Caustic can tell you more about that than I can, but I do know that the big olefins plant expansions in Mont Belvue/Barber's Hill and Cedar Bayou are still on track. Enterprise, Exxon, Chevron, and Phillips all have expansions in progress. Maybe Marathon too. [/QUOTE]
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