Okay, This Is A Huge Story -- Sort Of Related To The Bakken

I get countless comments from folks worrying that the Bakken will come to a standstill any day now, and, then of course, the Atlantic article the other day. But companies would not be pouring this much money into the US oil industry if they thought drilling was going to stop any time soon.

Here's a story Don spotted, adding more evidence that the US is now attracting big international players. Mywesttexas is reporting that the Argentine-based specialty steel pipe company will be building a massive $1.3 billion factory south of Houston.

Data points:

• $1.3 billion
• world's #1 producer of steel tubing for the oil industry
• receiving $6 million from Texas Enterprise Fund
• 1 million-square-foot facility
• 600,000 tons of pipeline annually