Will be interesting to see...

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Engineering, procurement, construction & management of crude oil refineries.

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via_rider

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Will be interesting to see...

posted on Jan 30, 2009 02:37AM

...who is the source of financing for the refineries.

It is really nice to have positive and encouraging outlook, but I am not one to blow sunshine up any spot where the sun don't shine. Time for a reality check.

Right now we have a global financial issue, Iceland government has collapsed, Obama is kicking in more to Wall Street, in addition to the $700 that Bush kicked in, China is in a tail spin. We haven't hit bottom yet.

Is there enough petro$$$ in Libya to help finance even part of a refinery? Will there be enough EOR, or even a market for EOR when/if WWF has the deal?

WWF has to step up the pace of doing business quite a bit more before I am in my comfort zone.