| Oil Company Delays Huge Louisiana Project as Prices Slide
The New York Times, January 29, 2015 Thursday
HOUSTON -- In the biggest retrenchment in the United States as oil prices fall, Sasol has delayed an expansive $14 billion project in southwestern Louisiana to make diesel out of natural gas. The project, which had not yet been approved by the company, was to create at least 1,200 permanent jobs and 7,000 construction jobs, and begin production in 2018. But with the price of oil down by more than 50 percent since June, the highly speculative, and expensive, project was economically impractical....