Either Texas or Louisiana will be the new home to a new 4.5 billion dollar methanol manufacturing and exporting facility.
And…Chesapeake Energy recently sold a stake of its Oklahoma production recently for 1.2 Billion dollars.
(That’s just part of a liquidation of 12 Billion dollars of assets since 2012 to plug a cash flow leak)
And in 2012, Devon Energy sold some of its stake in five oil and gas fields in the Mississippi Lime for 2-and-a-half Billion dollars.
And the list of asset sales and new infrastructure projects goes on.
Who’s buying all these American Assets? The Chinese. In each case, a Chinese state-owned energy group is behind the purchases.
The Chinese are using our dollars to buy up our valuable oil assets. A trend that will one day come back to bite us.