something brewing, page-46

Not long now for their first year to be history.......

From a recent energy and capital blurb about US oil industry and the bakken and other shale areas there.

“You know they're not the only ones looking for a piece of the action, don't you?” I couldn't help asking.
Foreign investment is flooding into North America's shale boom. The $4.4 billion that Statoil dished out for Brigham Exploration last month is just the latest example.

Fact is, billions of dollars are pouring into these shale plays. We've talked many times in the past about China's rush to stake its claim in Canadian energy...

I think we're about to see another major deal happen very shortly. China's CNOOC recently scrapped a $7 billion deal for BP's Argentina assets. And we can bet they're not going to let that much cash lie idle in the bank for long.