This is so wrong.
What could possibly go wrong?
......
Normally I am anti-regulation, BUT.....
all it would take is a few simple lines of code to fix this,
“Any company involved in base infrastructure or majority energy production of the united States SHALL NOT be owned by anyone not a citizen residing in the united states or entity based outside of the United States.”
Good Lord. There had better be some agreement in effect, and some close supervision of what is happenign there.
Those bastards could shut crap down every time they want to, and totally hose us all.
This may end up being a good thing.
This “divorce” between Shell and Saudi Aramco effectively puts two refineries solely in Shell’s hands and one in Saudi Aramco’s hands, rather than all 3 being split 50/50 between the two parties.
Shell can ride out this storm, but Saudi Arabia needs cash pretty bad. My bet is they put their downstream assets up for sale sooner rather than later, and somebody will get a pretty good deal for it.
What if they pack it up and take it home??? How big are these refinery things anyway?
Shell isn’t a U.S. company either............
hmmmm.....look for frequent refinery fires from here...
Aloha snackbar!/sarc
It is sounding like getting involved in Saudi Arabia in the past was a mistake.
We should have got some of our own damned oil elsewhere.
that is not an accurate history of Motiva.
Motiva was NOT formed by Shell and the Saudis but by Shell and Star Enterprise, which was owned by Texaco and the Saudis. It was not until after Texaco merged with Chevron did it become a Shell and Saudi venture.
and the Port Arthur refinery was built as a Texaco refinery originally and operated by Texaco most of its life.