Thursday, November 11, 2010

Chinese investing in South Texas energy

The Christian Science Monitor is reporting that an area stretching from Laredo Northeast to near Houston is the target of as much as $5 billion dollars in investments from the Chinese. The article explains that the Chinese do not necessarily want to export what they find under the South Texas soil, instead they are interested in learning how to fracture shale formations that usually block access to natural oil and gas reserves. The article continues on to state :

In La Salle County, located halfway between San Antonio and the Mexican border, stars used to be all that illuminated the night. Today, bright orange flames flicker on the black horizon, the result of burn-off from new natural-gas and oil wells that have popped up since 2008. That was when the 400-mile-long Eagle Ford shale, a swath of rock stretching from Laredo northeast toward Houston, was discovered.

What are you waiting for, it's time to get on the phone and find out what relatives have ranchitos in the area.
On second hand, it sort of makes you nostalgic for singing "O give me a home, where the buffalo roam". You get the drift.

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