COMMENT OF THE DAY: BIG OIL TOWN Has anyone dubbed ‘Exxonville’ for Springwoods Village yet? If not, I want to take credit . . . Sounds like Utopia . . . I hope Oil and Gas continues to be strong in the near future . . . policy in current and future government administrations can play a big part in that. On that note, I would be hesitant to move in to a community that has the potential for government to have such a large and direct influence on. Imagine massive layoffs due to changes in policy . . . Not saying that all households will be linked to ExxonMobil . . . but I am sure it will be packaged to be the ideal choice to work at the new campus . . .” [J.R., commenting on Headlines: Christian Louboutin Boutique for Houston; Illegal Dumpers Caught on Camera]
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Yup depending on government really killed the Clear Lake area that NASA payroll really killed it. Exxon has to be a more stable partner than Washington DC.
There will be no change in government policy that makes the provision of oil and gasoline unprofitable. We’re relentlessly addicted to it. Regulations in the U.S. can only have the negligible effect of making these global commodities slightly more expensive to the consumer. No problem for Exxon; demand is inelastic, they can just pass those prices on to us.
I wish our government worked as efficiently as ExxonMobil.
heyzues, I bet you one oil spill you will change your view…
Even if I worked for EOM (ENB here) I would never live that close to work. It’s not healthy.
My father-in-law and I both worked at Compaq. The homes near CPQ, as nice as they were, became known as the CPQ Slums.
Sluming being it was bad enough you had to see those fools at work, but now you see them next door, at the Quickie Mart, yada, yada, yada.
There was nowhere to hide and no secrets. If you wanted privacy you lived in the city.
so long as demand is greater than supply, it will keep the price of oil up, no matter the policy made by our government.
This is Exxon learning from their mistakes at Greenspoint. Invest in your adjacent property, and your employees will live and reinvest there too.
Can you imagine 10,000 employees level of additioanl productivity when they are spending 1-1.5 hours less in frustrating traffic, more time with their families or at the office instead?
I just moved companies to a nice office 10 minutes from my house rather than cross town, and you can see the shat eating grin on my face daily.
toasty, Okay…So in your view OPEC has more influence on the community…I agree there too..In the mid 80’s Aramco flooded the market with oil…cutting prices to record lows at the time…many lost their jobs…Ask anyone (50+ years of age) still in the oil patch about the the mid 80’s….After a sigh and a head shaking…followed by a story of how they lost or almost lost their homes…you will understand.
@J.R. If it sticks, we Houstonians will refer to them as Exxiles.
So Exxon’s development of Kingwood lacked the office space and subsequent development of Greenspoint lacked the neighborhood? Finally combining the two?
Houston: Stamped out by Exxon, one experiment at a time.
This development reminds me of the Simpson’s episode where they move to “Cypress Creek” and Scorpio is the boss. Heavenly homes and a community where everyone works at the same place. It’s all too good until the boss tries to take over the world and the Navy Seals drop in from above.
@JR, I certainly remember, as I’ve lived in Houston my whole life (wouldn’t trade it for anywhere else). It’s amazing that what we see today was largely shaped by what happened in the 80s.
We learned a lot and as a city we are much more diversified, I personally still read the headlines about how popular Houston has become and can’t help but recall the early 80s and wonder how long we have before we go bust again…
@Toasty: This sounds like an interesting story, any good articles about the boom and bust in Houston specifically?
So I wonder how Exxonville is doing these days…