Quote:
Originally Posted by Detroit5000
Detroit - 2 | Metro - 15 (-1 Comerica. You should +1 Dallas, though)
All but something like 2 or 3 in Houston are oil or energy related companies. I smell Detroit 2.0 in a few decades. Take that as you will, I'm not trying to start an argument about anything.
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While we use mostly fossil fuels now thus "energy" to many means "oil", many of these companies realize that future of oil is grim and are investing in other energy sources. IE Shell-Wind, Shell-Hydrogen, Solar Power, Ethanol, Carbon Capturing, etc. Also, as long as we use plastic, rubber, paint, make up, etc. we will always need to refine oil.
Unlike the auto industry losing customers to Japanese and European cars, Houston will be necessary not only as a major port and medicine center, but also as a major hub of the global energy industry. So I disagree that Houston will become Detroit part two.