swtsig Posted December 6, 2014 Share Posted December 6, 2014 Not everybody's cutting back in the face of lower oil prices:http://www.bizjournals.com/houston/news/2014/12/05/phillips-66-boosts-2015-budget.htmlChevron Philips is also looking at another $3B expansion in addition to Chevron Chemicals 110ac purchase on the grand parkway for their possible HQ. Motiva (shell/Aramco) is growing like crazy as well. And that's without mentioning Dow's massive expansion in Lake Jackson. Its easy to focus on solely the upstream side of things but far too many folks are forgetting what cheap natgas AND oil mean to the downstream guys. In unrelated news, geico recently announced they were going to hire up to 500 more at their new Katy office. I'm shocked that slick Vik doesn't so much as mention any of the above when he's preparing his honest constructive criticism of Houston. 4 Link to comment Share on other sites More sharing options...
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