Economics Of BP’s $3.8 Billion Expansion
Regionally Speaking held a live two hour broadcast from Bulldog Brewery in downtown Whiting on the five year anniversary of the BP Refinery project. The $3.8 billion expansion is set to go on-line later this year. It will process heavy Canadian Crude, also called tar sand oil.
The Project began in May 2008. As many as 10,000 skilled trades people worked on the project during peak activity, according to the company. It sustained many of the construction trades during the dark days of the recession.
In the second hour, we drill down into why BP selected Whiting for the expansion, looked at the impact on the Northwest Indiana economy and gas prices, along with what might replace the $3.8 billion investment.
Host Steve Walsh’s guests include:
Regional Council of Economic Advisors
Anthony Sindone, Continuing Lecturer of Economics at Purdue North Central.
Dr. Paul McGrath head of the Department of Finance and Economics at Purdue University Calumet
Gregg Laskoski Senior Petroleum Analyst@gasbuddy.com
Don Kaliboski Northwest Indiana Forum
Bill Hanna President and CEO of the Regionally Development Authority
Scott Dean Spokesman for BP
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