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Old 12-15-2016, 03:52 PM
 
254 posts, read 191,899 times
Reputation: 76

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I dribbled hot coffee down the front of my shirt hearing this. What is going on? Did anyone else hear this news about BP's relocation and its opinion that Denver will become the new global center for energy?
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Old 12-15-2016, 04:19 PM
 
Location: Sugar Land, TX
1,614 posts, read 2,664,145 times
Reputation: 2029
They are moving 200 employees there. Big deal.
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Old 12-15-2016, 04:27 PM
 
Location: Texas
5,847 posts, read 6,188,490 times
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Denver has long been an energy hub. O&G is fairly big there. Not like here, of course, but still big. I lived there from 2012-15, and knew several people who worked in the Energy sector. Their economy suffered pretty significantly in the mid 1980s just like Houston's when oil took a nosedive, but now it seems like the bigger bulk of Denver's economy is Tech and entrepreneurial activity.
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Old 12-15-2016, 04:28 PM
 
89 posts, read 79,480 times
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Quote:
Originally Posted by swopoe View Post
They are moving 200 employees there. Big deal.
Agreed, if it were ExxonMobil they'd have a story.
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Old 12-15-2016, 04:55 PM
 
254 posts, read 191,899 times
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Quote:
Originally Posted by BCLRRE View Post
Agreed, if it were ExxonMobil they'd have a story.
I'm sure it wouldn't happen over night if they are right. See, the argument is that the nation is transitioning from being a major oil importer to that of an exporter of it. This transition will cause a shifting of the industry away from Houston eventually to elsewhere.
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Old 12-15-2016, 05:00 PM
 
254 posts, read 191,899 times
Reputation: 76
Quote:
Originally Posted by swopoe View Post
They are moving 200 employees there. Big deal.
If Houston does finally get ExxonMobile's world headquarters, it would be about the same number as BP is moving. These are the top dogs.
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Old 12-15-2016, 05:04 PM
 
254 posts, read 191,899 times
Reputation: 76
Quote:
Originally Posted by Texas Ag 93 View Post
Denver has long been an energy hub. O&G is fairly big there. Not like here, of course, but still big. I lived there from 2012-15, and knew several people who worked in the Energy sector. Their economy suffered pretty significantly in the mid 1980s just like Houston's when oil took a nosedive, but now it seems like the bigger bulk of Denver's economy is Tech and entrepreneurial activity.
Indeed, I remember reading that there is 300 years of oil reserves trapped in the rock around Denver.
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Old 12-15-2016, 06:06 PM
 
Location: Memorial Villages
1,514 posts, read 1,794,676 times
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The price of oil will never be high enough for a sustained period to render the oil shale deposits of Colorado commercially viable.

This move is a bit strange, but maybe someone in BP thought employees were spending too much on travel up to Colorado and Wyoming.
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Old 12-15-2016, 06:11 PM
 
89 posts, read 79,480 times
Reputation: 113
BP needs a move and a fresh start. Their image crashed with their horrible Gulf spill and scandalous response, and they've been limping toward a comeback. Maybe they can get their act together in Denver. And Houston will hardly miss 200 ppl out of 2.5million. Now if the Chevron HQ or ExxonMobil HQ moves to Denver, maybe someone would make a mental note of their fantastic global energy pipe dreams. Like someone already said OG/energy in Denver is big, but compared to Houston, there's no comparison.
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Old 12-15-2016, 06:16 PM
 
89 posts, read 79,480 times
Reputation: 113
Quote:
Originally Posted by Dallas retail updater View Post
I'm sure it wouldn't happen over night if they are right. See, the argument is that the nation is transitioning from being a major oil importer to that of an exporter of it. This transition will cause a shifting of the industry away from Houston eventually to elsewhere.
Lol, more pipe dreams. I'll believe it when I see major ship and tanker traffic pulling in and out of the port of Denver.

Last edited by BCLRRE; 12-15-2016 at 06:43 PM..
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