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“TEXAS IS AN El Dorado for us, an energy El Dorado,” declared Patrick Pouyanné, boss of TotalEnergies, last month at CERAWeek, the energy industry’s annual shindig in Houston. He unveiled an expansion of the French supermajor’s shale holdings in the south of the state, a deal intended to bolster its position as the leading exporter of American liquefied natural gas. It had earlier bought three Texan gas-fired power plants and opened a new electricity-trading desk in Houston. Meanwhile in Brazoria, a windswept county
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