The Financial Times, a London-based paper that covers finances and times, has just given Houston a big, wet, sloppy soul kiss.
Reporter Sheila McNulty wrote the article, headlined "Houston: Where Energy Is King."
Let's just bask in the love....
-- "With billions of dollars in investments being poured into wind and solar energy as well as biofuels, many outsiders predict Houston's central place in the world's energy industry could be lost. But that could not be further from the truth"
-- "It has one of the lowest income tax burdens per family in the US - 30 percent less than the national average, with no personal income tax and no state tax on property used for pollution control, on goods in transit or on machinery and equipment used in manufacturing."
-- "The city is number two in the US in the number of Fortune 500 headquarters based here. Much of that credit goes to the energy companies, which spend large sums to make Houston attractive to the talent needed to drive their industry. The city has a $626m arts community, boasts a world-class symphony and ranks second only to New York in the number of live theatres."
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(Actually, we think that longtime boast of "second to New York in number of theaters" has been debunked. Even the Houston Theater District has amended it to say it "is ranked second in the nation for the number of theater seats in a concentrated downtown area.")
-- "Texas has more than a dozen top-notch universities, each of which features energy courses. The city is also attracting youth into the industry. Four public high-school learning centres focus on the petroleum industry."
-- "In March, Houston hosted the world's premier energy conference, IHS Cambridge Energy Research Associates' 29th Ceraweek, despite tighter travel budgets across the sector...One year the annual conference was held in Washington, DC, but it did not have the same pull. 'Then we hightailed it back to Houston,' says Daniel Yergin, chairman of IHS Cera."
So there. At least someone loves us.