Stay updated with breaking news from Crain business. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Last decade, billions of dollars were invested in upgrading refineries in texas louisiana and those were on the gulf coast to process heavy crude oil now we have a surplus of light crude. So its created problems. I think the concern of surplus of light crude, because they are typically the shale, those wells are very shortlived, but theyre much cheaper to drill in the army are once. So theres some issues with our be going to have to reinvest for those refiners another 2. 5 billion to handle the lighter crude . There are upgrading and new Construction Projects underway right now to allow the refiners to handle that. A lot of those are taking place in your district. As eia looked at the issues . In the past we typically choose whatever we refined in the country, but now we are producing so much more that its actually, were having those downstream jobs better exports. Back in houston were exporting just times in the last few y ....
(The Center Square) – According to a former gubernatorial candidate and prominent Illinois businessman, the state must make significant changes to avoid losing even more corporations. A report by Wirepoints looks at Ill. ....
(The Center Square) – High property taxes, the state tax on gasoline and Gov. J.B. Pritzker's handling of COVID-19 are all factors in the state's lack of job growth, according to an analyst. A report by Wirepoints looks. ....