Friday, June 01, 2012

Energy Stimulus Hits Texas: San Antonio Sees Unprecedented Growth Thanks to Eagle Ford Shale

Not even a hint of a recession in South San Antonio, where businesses are popping up overnight, like popcorn in a microwave.......

"Rarely does a week go by that the Southside Chamber is not involved in a ribbon cutting,” said Tom Shaw, president of the Southside San Antonio Chamber of Commerce. New apartments have also been constructed to account for a growing population.

"It’s just like popcorn starting to hit in the microwave,” said Shaw. “Pop, pop, pop; it’s hitting all over the place."

Shaw suspected that growth would continue for decades in the area. While growth is not a new concept on the south side, it is the explosiveness at which it is happening that is catching many by surprise. It continues to be driven by economic factors like the Eagle Ford Shale.

1 Comments:

At 6/03/2012 9:16 AM, Blogger VangelV said...

"It’s just like popcorn starting to hit in the microwave,” said Shaw. “Pop, pop, pop; it’s hitting all over the place."

Sounds like the dot com bubble. Or the housing bubble.

 

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