Breitling Oil and Gas Texas and California Morning Podcast #314

I just returned to the States from Myanmar and I have some very interesting facts about the undeveloped markets in the country.   In a few months, impoverished Myanmar plans to start pumping roughly $45 million worth of oil and gas a day from the Bay of Bengal to China by pipeline. The vital fuel for China’s growing economy will bypass the Malacca Straits and U.S. ally Singapore.  Though rich in natural resources, Myanmar has little capacity to use them for its own development. For decades, its leaders valued gas for the hard currency it could earn rather than the economic development it could fuel. Today, only one in four of Myanmar’s citizens have electricity and the country hopes to change that with new infrastructure investments by foreign countries.

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