Do Chinese Energy Deals Outsource US Technology?

As natural gas producers in the United States have had to divest some of their assets because of the low price market of gas, Chinese state oil companies have stepped in to buy these assets at a discount. While these companies are not able to export the oil from the acreage, what they are really gaining is a first-hand look at the unconventional production technology their U.S. counterparts are using. 

Because the U.S. is so far ahead of the rest of the world regarding this technology, domestic firms are hoping to utilize their knowledge bases abroad. However, if these deals continue to happen, China and other major markets might not need our assistance in the future. Who could suffer if this continues? 

A fracking expert that was first to the Chinese unconventional market
Domestic oil and gas service companies have taken a hit in the recent past due to a slowdown in the natural gas drilling boom of the last couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.

 


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  • Report this Comment On March 11, 2013, at 3:39 PM, jpmj wrote:

    hello!!! History does and will repeat it self.jpmj4847

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