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New boom in oil, possible game changer for USA
 
Mike1953 Views: 1,062
Published: 12 y
 

New boom in oil, possible game changer for USA


When it comes to economics, energy is the key factor that drives everything else. We right now have over a 100 year supply of natural gas and once export infrastructure comes fully online during the next 10 years the USA will become the Saudi Arabia of energy worldwide. New fracking and horizontal drilling techniques are bringing previously unrecoverable oil online and North America has some of the largest reserves in the world. We spend a lot of time on this board arguing about the disparity in how the limited resources of the earth are unfairly distributed. The pie is never cut fairly and never will be, the only relief possible is that the number of pies become more abundant. Oil and gas are not popular environmentally but vaporware like free energy along with solar and wind simply do not provide the cost efficient energy we need today as only oil and gas can deliver. If properly managed new energy technology can usher in a new age of prosperity the likes of which we can not now even imagine.

http://www.nytimes.com/2012/08/10/us/10iht-letter10.html
 

 
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