I read an article today in the telegraph that was by far the most optimistic outlook on America's economy and self-sufficiency that I've read since the beginning of the recession.
Can't post links, google "World power swings back to America" in the Telegraph.
A few points the author makes:
-72% of America's oil consumption is domestically supplied
-Hydraulic fracturing is set to dramatically increase America's shale oil output
-Chinese wage inflation has already begun to decrease the off-shoring price advantage, an advantage which is expected to further deteriorate by 2015
He goes on to name some firms that are increasing or re-establishing their U.S. investments including Volkswagen, Intel, GM (they damn well better), and Caterpillar.
I'm not an expert on energy or world economies but most of the points made at least seem possible. I'm most skeptical about U.S. domestic oil production. Definitely not trying to start an America-sucks thread as those are plentiful, but I'd like to get a take on this article from someone who is an expert on energy or international manufacturing.
Can't post links, google "World power swings back to America" in the Telegraph.
A few points the author makes:
-72% of America's oil consumption is domestically supplied
-Hydraulic fracturing is set to dramatically increase America's shale oil output
-Chinese wage inflation has already begun to decrease the off-shoring price advantage, an advantage which is expected to further deteriorate by 2015
He goes on to name some firms that are increasing or re-establishing their U.S. investments including Volkswagen, Intel, GM (they damn well better), and Caterpillar.
I'm not an expert on energy or world economies but most of the points made at least seem possible. I'm most skeptical about U.S. domestic oil production. Definitely not trying to start an America-sucks thread as those are plentiful, but I'd like to get a take on this article from someone who is an expert on energy or international manufacturing.