nate4l1f3 Posted January 15, 2015 Share Posted January 15, 2015 Do you know something we don't ?? Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted January 15, 2015 Share Posted January 15, 2015 ok spill the beans. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted January 17, 2015 Share Posted January 17, 2015 I agree, I seem to remember people saying a few years ago that oil would never go back under $100 again. There's been an interesting move in the market in the last couple of days. Oil appeared to move up slightly in reaction to news that the number of rigs drilling for oil dropped by 50 in the past week, according to Baker Hughes. I have this ugly suspicion that the Saudis are and the rest of the OPECers are going to wait for the count to go down sufficiently, then arrange to cut their production by a million or 2 million barrels. Then watch prices go up. And the cycle begins all over again. Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted January 17, 2015 Share Posted January 17, 2015 How much will the Russians suffer? Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted January 17, 2015 Share Posted January 17, 2015 For once this actually makes sense especially sense we are talking about Oil companies themselves! The market will go up and down. Right now Saudi Arabia is trying to play a game of chicken with every oil producer in the world and they will win, but they are imploding OPEC while they are doing so. This will be the last time they have this kind of power, and I think they know that. North American Shale, Russian Oil, and African Oil is the future of the industry and they are going drive the price into the ground hurting everyone as much as possible to postpone the inevitable.I agree with this. An interesting casualty of this bust cycle may well be OPEC itself. It has been dis-functional for a long time and this cycle may well be the thing that kills it. 1 Quote Link to comment Share on other sites More sharing options...
ArchFan Posted January 17, 2015 Share Posted January 17, 2015 As recently as 11/17/2003 Chris Helman wrote in Forbes magazine: "Back in 2003 motorists were shocked when gasoline prices hit an all time high of $1.75 a gallon. We wondered how Americans could maintain their way of life with crude oil so “expensive” at $30 a barrel." I quote that to demonstrate how much we, collectively, have such short memories and are thereby (even more) subject to being controlled by emotions that to a large extent just mirror those of the people around us. Those around us may be blissfully ignorant about a given topic, which just makes the matter worse. Oil company decision makers are not exempt from those influences, which probably has had something to do with delaying construction of the new Chevron tower here. However, my guess is that the major reason is that the people making those decisions are being conservative in order to protect themselves from criticism if the building were to be completed and wind up being seen as unnecessary at the time. There is a CYA attitude amongst management in such large companies that are run by people who have clawed their way up through the ranks, rather than by visionary people who actually started the company in the first place. 7 Quote Link to comment Share on other sites More sharing options...
Fortune Posted January 24, 2015 Share Posted January 24, 2015 Chevron buildingLocation: Downtown block bounded by Louisiana, Smith, Pease and LeelandOriginal plan: A new 50-story office tower for San Ramon, Calif.-based Chevron was announced in the summer of 2013, but the project was put on hold less than six months later, at which time the company said it would decide when to resume the project "after 2014."Update: At this stage, "no update," Cam Van Ast, media adviser for Chevron North America Exploration and Production, said in an email.http://www.houstonchronicle.com/business/real-estate/article/Cracks-forming-in-commercial-real-estate-market-6037038.php#/0 1 Quote Link to comment Share on other sites More sharing options...
UtterlyUrban Posted January 25, 2015 Share Posted January 25, 2015 (edited) 30 pages for a building that doesn't exist yet? Edited January 25, 2015 by UtterlyUrban Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted January 25, 2015 Share Posted January 25, 2015 I'm positive that we analyze tgis document with statistical tools, we'll find that this project is statistically dead. Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted March 11, 2015 Share Posted March 11, 2015 I hope I'm wrong, but this building may be dead for years. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted March 11, 2015 Share Posted March 11, 2015 You just read that article about all the budget cuts too? Quote Link to comment Share on other sites More sharing options...
nativehoustonion Posted March 11, 2015 Share Posted March 11, 2015 Yes across the world. 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted March 11, 2015 Share Posted March 11, 2015 Yeah.. But "moving 100 jobs to Houston".. Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted March 11, 2015 Share Posted March 11, 2015 Got damn Saudis. 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted March 11, 2015 Share Posted March 11, 2015 I know, right? They don't know how bad they're screwing us over, killing HAIFers hopes and dreams.. 4 Quote Link to comment Share on other sites More sharing options...
H-TownChris2 Posted March 12, 2015 Share Posted March 12, 2015 I was actually hoping that this and 609 would go up at the same time.....what a bummer.... Quote Link to comment Share on other sites More sharing options...
nonenadazilch Posted March 13, 2015 Share Posted March 13, 2015 (edited) sounds like a 2016 start. http://www.bizjournals.com/houston/blog/drilling-down/2015/03/chevron-gives-new-details-on-downtown-houston.html Edited March 13, 2015 by nonenadazilch 4 Quote Link to comment Share on other sites More sharing options...
Gator Purify Posted March 13, 2015 Share Posted March 13, 2015 (edited) sounds like a 2016 start. http://www.bizjournals.com/houston/blog/drilling-down/2015/03/chevron-gives-new-details-on-downtown-houston.html Edited March 13, 2015 by Gator Purify Quote Link to comment Share on other sites More sharing options...
Dakota79 Posted March 13, 2015 Share Posted March 13, 2015 (edited) sounds like a 2016 start.http://www.bizjournals.com/houston/blog/drilling-down/2015/03/chevron-gives-new-details-on-downtown-houston.htmlThat's awesome news as we will need a big ass crane in the sky in 2016 and for the Super Bowl. Edited March 13, 2015 by Dakota79 2 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted March 13, 2015 Share Posted March 13, 2015 Well, at least the quote indicated "until 2016" and not "until 2016 at the earliest." I am optimistic this will move forward, but the timeline just might be a bit slower than we would like. However, I think it will--simply by virtue of its bulk and height--ad quite the presence to the Downtown skyline and act as a counterbalance to the south of the Wells Fargo Plaza. Quote Link to comment Share on other sites More sharing options...
Avossos Posted March 13, 2015 Share Posted March 13, 2015 The tower will happen most likely... not sure when, but happy to know its still in the plan. 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted March 13, 2015 Share Posted March 13, 2015 The tower will happen most likely... not sure when, but happy to know its still in the plan. How do you figure that? I feel like this Chevron statement was wishy-washy. I really really hope this gets built... it's a beautiful tower and it's tall... but it feels like a 50/50 chance that it does get built. They don't want to overspend and are willing to sell their assets, but then they want to spend several hundred million dollars on a shiney new tower? Something doesn't sound right there. 1 Quote Link to comment Share on other sites More sharing options...
houstontexasjack Posted March 13, 2015 Share Posted March 13, 2015 How do you figure that? I feel like this Chevron statement was wishy-washy. I really really hope this gets built... it's a beautiful tower and it's tall... but it feels like a 50/50 chance that it does get built. They don't want to overspend and are willing to sell their assets, but then they want to spend several hundred million dollars on a shiney new tower? Something doesn't sound right there. I didn't think the statement was necessarily wishy-washy or inconsistent. It sounded to me as though Chevron is committed to moving forward eventually, but that the tower might be subject to further delays depending on how the market shakes out. I would love to see a 2016 start but would not be shocked for a push into 2017 or 2018. However, given the really long drought this city had in skyscraper construction (the skyline barely changed when I was growing up here in the 90's), a delay of a few years is not so bad. 3 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted March 13, 2015 Share Posted March 13, 2015 How do you figure that? I feel like this Chevron statement was wishy-washy. I really really hope this gets built... it's a beautiful tower and it's tall... but it feels like a 50/50 chance that it does get built. They don't want to overspend and are willing to sell their assets, but then they want to spend several hundred million dollars on a shiney new tower? Something doesn't sound right there. "We remain committed to the new building" does not sound very wishy-washy to me. 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted March 13, 2015 Share Posted March 13, 2015 yeah i think the start date is the only wishy washy part. maybe it will allow for a redesign? 4 Quote Link to comment Share on other sites More sharing options...
Triton Posted March 13, 2015 Share Posted March 13, 2015 All right, perhaps we can simply expect more delays. I don't know... here's my thinking. Say this oil market just doesn't improve at all for a while and say this hurts Chevron's budget more than they expect. I know they say they are committed now, but what if that just doesn't look realistic a year from now? If HAIF hasn't understood me yet, I like to challenge the consensus here even if I agree with it. I hope this tower gets built and this article does make me feel a bit optimistic but I am still not convinced this tower is a sure thing despite what they are saying. We'll check back to this section of the thread in a year from now and see what actually panned out. yeah i think the start date is the only wishy washy part. maybe it will allow for a redesign? Or not as tall. I hope not. 1 Quote Link to comment Share on other sites More sharing options...
fkp5 Posted March 13, 2015 Share Posted March 13, 2015 yeah i think the start date is the only wishy washy part. maybe it will allow for a redesign? A redesign would be nice. There's nothing wrong with the current design, but I think they could do a little better in tying it in with their other two buildings. 1 Quote Link to comment Share on other sites More sharing options...
LTAWACS Posted March 13, 2015 Share Posted March 13, 2015 I wouldn't mind a redesign ... there is always a better design ... 2 Quote Link to comment Share on other sites More sharing options...
Triton Posted March 13, 2015 Share Posted March 13, 2015 I wouldn't mind a redesign ... there is always a better design ... ...And then there is always a worse design and a smaller tower. Budget cuts, baby! "Yea, we are committed to this thing but it's 30 stories now and it resembles the Embassy Suites by DG." No thank you! 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted March 13, 2015 Share Posted March 13, 2015 Don't get me wrong, I love the podium and wouldn't change a thing about that part. I just wish the tower itself had a little more of a signature element to it. Then again Wells and 600 Travis don't really have much pizzazz(?). Quote Link to comment Share on other sites More sharing options...
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