Sunday, December 4, 2011

U.S. Is Now Net Exporter of Energy

After decades of growing energy dependence (think T. Boone Pickens and his Texas drawl, and his repeated reference to "Foreign Awl"). Well, guess what. With the likes shale, fracking, natural gas, oil finds in North Dakota and coal, the United States is now an net exporter of energy. Expect that trend to continue. This will have an impact on U.S, geopolitical considerations and probably as well on the global price of energy.  It also means more economic activity, and therefore, jobs for Americans. In the main, it should be a positive development.


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