Posted on 05/24/2014 1:42:03 AM PDT by 2ndDivisionVet
Silicon Valley is being snubbed for Texas by millenials around the world, who are enticed by the Lone Star State's plentiful, lucrative opportunities. Texas' booming gas and oil industry provides young transplants with the chance to find success as oil barons, businessmen, investors, engineers, and landmen.
27-year-old Mark Hiduke, a young Texas oilman, told Bloomberg News that the gas and oil boom has "created a lot of opportunity for young professionals to jump in and be given enormous responsibility. It’s pretty much tech and then energy."
Hiduke reportedly raised $100 million to build his company, PetroCore LLC, which is a mere three weeks old.
New drilling technology has shifted the focus of the oil industry, and provided an ideal opportunity for millenials to enter the scene. According to Bloomberg News, "conventional drilling" is likely to retire with baby boomers, since the technological breakthrough and the new generation of oilmen are grabbing hold of the industry simultaneously.
While gas and oil were previously highly unpredictable, the "Shale revolution" made the industry more stable and attractive to young people....
(Excerpt) Read more at breitbart.com ...
The Dallas Morning News is doing it’s best to turn texas blue. Big front page promo today for Julian Castro-the Hispanic Obama. They actually think he has a chance to become governor or VP.
Who wants to bet that California will soon be trying to make it so folks can’t leave? I’ve learned not to be surprised by anything that happens in that screwball state.
One of my friends is in California....searching for oil.
Perfectly true.
They're bringing lots more oil to the surface but it isn't cheap to do.
Of course there is the rising demand in the rest of the world too, as somebody pointed out upthread.
And we have to consider also that the oil industry, possibly even more than any other, is layered and ladled and laden with government regulation.
Democrats hate oil and they hate the oil industry.
FUDems....
San Antonio’s doing the same thing...but that’s to be expected, since he’s SA mayor.
Are ANY of the outlets discussing his La Raza ties? Of course not.
This is a great way to post a Bloomberg article: have Breitbart quote 60% of it.
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