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The Russians are Coming! The Russians are Coming!

August 31, 2011


Late last year, you may or may not know that Chesapeake Energy sold 1/3 of their south Texas assets. You probably did not know that Chesapeake’s buyer was CNOOC from China. The deal does not include exporting gas or liquids out of the US to China. Read about it HERE

So, on today’s front page of The Dallas Morning News, we read where EXXON MOBIL  has signed a deal with ROSNEFT out of Russia. The deal will allow EXXON to drill for oil in the Arctic in exchange for drilling and fracking techniques that the Russians want. This deal will allow the Russian company to invest in EXXON drilling projects in the Gulf of Mexico and also shale gas plays here in the Barnett Shale.

Read the article from today’s paper HERE

If and when the Russians decide to invest in the Barnett Shale, we would assume that the Waffle House( a favorite of many) will want to add borscht to their menu. Since the Stoli flows quite frequently up and down Lower Greenville Avenue every night, we are good to go.

Nostrovia!

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