BUD wrote:Thanks,
Some News reports are coming in that gas prices are going up this weekend.
I guess this is slightly off-topic, but oil companies do not set oil or gasoline prices. That's done at the NY Merc exchange by private holders of those seats and whatever the market dictates.
We dread hurricane season. It knocks our production offline, subjects us massive media criticism, and costs us millions and even billions of dollars. We haven't even finished repairs from last year.
So the notion that we're hoping hurricane season will hurt us is an emotional but not rational thought.
We're watching Ernesto primarily because we will have to safely evacuate platform personnel, shut down the facility, and stop all current drilling activity in the Gulf. That's INCREDIBLY costly.
The fact that the company has now extended that kind of preparation to its land based offices only increases the cost to the bottom line.
I'm all in favor of safety and preventing any environmental damage. They may be taking it too far by ordering me out of the office on Tuesday, but I'm the not the CEO.