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... But oh, what a difference three years can make. A $50 billion difference, to be exact.
That’s the minimum that national and international firms are expected to spend in the next three to four years erecting dozens of new manufacturing facilities or expanding existing ones, largely along the Mississippi River, from Baton Rouge to New Orleans, and around Lake Charles ...
At least seven projects boast a capital investment of more than $1 billion each. South African-based Sasol’s proposed natural gas processing plant near Lake Charles, with its massive $21 billion price tag, is considered the largest investment by a foreign-based company in American history. Magnolia LNG has announced plans for a $2.2 billion gas liquefaction production and export facility, also in Lake Charles; and CF Industries is spending $2.1 billion to expand its Louisiana Nitrogen Complex in Donaldsonville. The list goes on. ...
This sprawling mass of pipelines and thickly insulated storage tanks rising from the Louisiana marshland is Cheniere Energy's $18 billion investment in the U.S. shale boom, a reminder that the domestic drilling renaissance is leaving an indelible mark on places far away from the gas fields in the Northeast and Midwest.
As companies scramble to announce new plants and expansion projects to capitalize on abundant supplies of cheap, natural gas, Cheniere Energy is nearly finished with the first phase of its liquefaction export terminal.
We have been told by certain persons that America was closed for business under Obama. And yet, there it is.
When your region has $43 billion in capital investment projects under construction, plus another $74 billion in projects announced or pending final approval, it might be tempting to become complacent.
In Southwest Louisiana, the mood of the business community and the civic leadership is anything but complacent. In fact, it would be more accurate to sum up the mantra of the five-parish region as “full speed ahead.”
Bolstered by a petrochemical and transportation infrastructure network that is second to none in the US, Southwest Louisiana has already seen $1.74 billion in construction completed since 2012. By 2020, if all goes as planned, that number will top $117 billion.
Look at all that tax giveaways... weren't you against that stuff? Remember, I was for it but you guys flip flop so often I don't remember what your position on it now is...
Oct 15, 2014 ... Billions of dollars in new industrial project announcements for Baton Rouge's 9-parish region, $6.6 billion of which are already underway, will push the demand for construction workers from 17,500 in August 2013 to 28,000 in February 2015, data show.
Scott and Richardson have tabulated $14.6 billion in announced industrial expansions alone in the Baton Rouge area. About $5.5 billion of that is already underway or near completion and $9.1 billion awaiting financing, permitting or other preliminary work before beginning construction. ...
Yep, history as it happened while Barack Obama was president!
Who knew Obama was such a champion of oil and gas.
He sure knew how to lie to the cult followers and get them to believe anything he said.
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