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Updated: June 29, 2017 @ 6:52 am
June 29, 2017
1. Jobs2. Tax Revenue, depending on how much TC's rulers have to capitulate. It's not the bending over backwards that gets you, it's the bending over forwards...
1. The complex will be 100% built by illegal aliens. Just like Texas' highways. Everyone will look the other way. If you disagree, you really haven't been paying attention.2. Environment. Chinese companies operate under little to no environmental law. Texas ain't exactly "Earth Friendly" itself. Combine the two, and you can likely kiss the shrimp and oyster industry goodbye.3. China is Communist in name only now. Wages may not be what everyone is drooling over.
As always, I hope that I am 100% wrong. But...
I am worried.
Would be interesting to know the backstory on what the feds thought about this proposal from a long term security standpoint.
They probably have already decided to build. They are just waiting to see what kind of free money that they can get in the form of tax abatements.
A 4.5 bil investment? Sounds good to me! That means more jobs for the future plant, and any related contractors in the area. They will need major infastructure development, rail, roads, pipelines, docks, you name it. That's positive across the board on that issue. And depending on how much of the island they use, there could be more companies wanting to develop on Shoals Point. Plus you have an increase in tax revenue for the city, county, and state. As far as it being a chinese comp wanting to ship all product made in the USA back to china, I like the sound of that. For too long american companies went to china to make product to be all sent back here. It's about time that is being reversed! And if they don't stay, another company will buy it and may sell the product here.And RonShelby, I don't see it as a security issue when we have several methanol plants being built on the Gulf Coast. They are all being built to ship the product to asia and other parts of the world, because of the high profit margin off of nat gas prices here vs asia or saudi.And Tifosi, you have no idea what your talking about. It will include a dock, which means it's controlled by the coast guard, which means you need a TWIC card, which means no illegals can work there. On the environment, it will be a new plant from the ground up, which means it is not grand-fathered like the current ones in TC, which means it will follow current strict environmental rules, which will cost them more than they think it will. And on the wages, they may not be along the lines of Marathon's, but it will be high I would assume.
Right now, it's just a lease.Like that other company had that never built here.IF anything further comes of it, I'm reasonably certain that Shoal Point will not be sold to the Chinese to become a part of the People's Republic of China, so U.S. environmental regulations, good or bad, will be watched closely for compliance by agents of the U.S. The Coast Guard also takes a dim view of anything not doing everything that a MARSEC facility designation says it should...they have no sense of humor at all about deviations.IF the facility is built, not to worry...milking local industry has a long and successful history in T.C., despite a few recent setbacks where the cash cows objected to being milked down to 'udder' dry, so there's no reason to think that the lessons learned will be lost dealing with any new facility. Although, one wonders if the Chinese were made to realize that city government is not their worst potential financial nightmare, it's local citizens (heck, even ones not local...WAY not local...) 'harmed' by methanol, or noise, or Something, guided by both local 'advocates', and their own, personal, malfunctioning moral compasses. I wonder if Donaldsonville, L.A., has a number of people greater than their total population ready to claim injury or harm, and if they have locally, and active, an equivalent to our own area 'advocates' in scope and deed(s)? Sure would be interesting if that turned out to be the deal breaker for this area - wouldn't it?No matter what tax breaks might be offered, there would still be more money coming to the area than there is now, and, if successful, more to come.Wages at a new methanol plant would ALL be higher than at the current facility that land was leased for, and then never got built, as they would be higher than the wages being paid at the LNG facility in Galveston that never came to be.Looks like, at this point, the future of the facility depends on what the outcome of the word IF, is...Here's hoping for some good jobs, 40 hour a week ones, for the local folks...
More jobs for the willing and able and benzene checks for the rest of us.
There are still thousands of 'harmed' people hoping for their benzene checks.
Odd, after being literally soaked in the stuff on multiple occassions and working in close proximity to it for decades, and even once accidentally ingesting some, the only negative effect I've ever suffered as an inability to put together a paragraph without typing errors and missspelllings...Any of you local panic purveyors for profit interested in taking my case...[whistling]
Let's all hope it happens. Good paying jobs - they will have to pay comparable wages to the other plants in order to hire people.
I've visited some plants in China and have found them to be well built and well run with pollution controls comparable to what you would find in the US. And new plants built here will be subject to some of the strictest environmental standards in the world.
And, as DonnieB points out, cheap natural gas here ($5-6/mcf, delivered by pipeline) versus China ($15+/mcf, delivered as LNG) makes a project like this a winner.
As far as the ambulance chasing issue goes, south Louisiana has it's share of greedy lawyers and deadbeats too, so hopefully that won't be a deciding factor.
And as for the freeloaders that rent the houses right next to the plant in hopes of a 'benzene check', why are those homes still there? Why has the refineries not bought up all that property within a certain distance from the plant? It would be a couple million for the property versus hundreds of millions, or billions, for a lawsuit. I'm not understanding the logic there. Everything between Texas Ave and the refineries, should be owned by the refineries, or other related industries, like fab shops or supply companies. But no, they will keep the cycle going and let freeloaders move right next door to the refinery, just waiting for a big payout.
DonnieB - Amoco and then BP were very aggressive in buying these properties for many years. Look at how many vacant lots thee are between Fifth Ave S and Texas Ave. but not everyone is willing to sell and some are tied up in probate, etc.
But the best option remains not to have emission events in the first place.
This will be the biggest deal since Amoco, then Pan American came to town.
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