Posted on 09/23/2014 8:05:01 AM PDT by thackney
U.S. energy exports, much of which come from the Houston region, represent a large chunk of the nation's overall export growth in the coming years, according to a new national HSBC Bank USA report.
The banking report notes that Houston will see an additional job creation surge going forward partially because of energy exports that target emerging foreign markets.
HSBC specially mentions that "chemical plant expansions and liquefied natural gas terminal upgrades, coupled with the opening of Mexico's energy industry to foreign investment, will result in a new export boom for Houston and will create more than 55,000 new jobs."
The bank's forecast projects that "rapidly rising" oil and gas production from unconventional techniques will lift U.S. energy exports by 5 percent annually through 2030. Petroleum imports will dip from 12 percent to 7 percent long term, the report adds.
"Emerging markets that don't have refining capabilities or didn't dispose of energy reserves could represent a major opportunity for U.S. energy exporters," said Derrick Ragland, HSBC executive vice president and head of U.S. middle market corporate banking.
Overall — energy included — the report contends that China and India represent the nation's top trade partners, with U.S. exports growing by 9 percent a year to each country through 2030.
We didn’t have to eradicate the the populations of Nazi Germany or Imperial Japan to put an end to their dreams on global conquest.
Do you believe most of the Islamic population would change their beliefs if we only took out political leadership?
Was that necessary?... You overloaded my dial up. ;)
Just trying to give others a break from all the bad news these days.... at least Holder is out!!!!
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