A few statements down in a story about Royal Dutch Shell deciding against a $12 billion natural-gas-to-liquids facility project in Louisiana left me scratching my head a bit the other day.
Shell also is considering a large petrochemical facility in Pennsylvania. And apparently one facility at one location has no bearing on another.
"A Shell spokeswoman said the GTL proposal and the Beaver County cracker are separate projects that were evaluated separately. The decision on the Louisiana plant has no bearing on what might happen with the cracker," according to a report from the Pittsburgh Business Times.
I don't care how much money a company has. There's got to be a chess board here, a balance sheet of capital projects potentially coming from a not-unlimited pot of money. I just don't see how one can be independent of the other.
At first glance, it does appear this might bode well for the fate of the Beaver County site if there won't be at least $12 billion tied up somewhere else.
But then again, the "no bearing" comment and this example of deciding against an announced project, I guess, leaves us right back at the same place. Waiting.
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