Prosperity returning to the US

[Wulk]

Due to cheap natural gas, and expanding oil production in the US, coupled with the rising cost of overseas employment, and the need for skilled labour, US factories/companies are returning home.

A further 2 million are expected to be employed, adding $20bn to the US economy - and, imho, this is just the start.

http://www.bbc.co.uk/news/business-20983620

 

[degsme]

Sucks to be a conservative....

 

[RickWA]

Actually, it is most excellent. Thanks just the same.

 

[GordonGecko]

Patriotic Americans celebrate good news for the country.....


some Republicans on the other hand.....


(No, not you, Rick...chillax)

 

[zzigzzag]

 

[RickWA]

I LOVE Peter Sellers, BTW - pure genius.

 

[Wulk]

Degs, my post was non-political as no politician, of any stripe, has anything to do with it - it's just plain old market forces at work.

The US is swimming in natural gas, and is soon to be swimming in oil with 20 news fracking oil fields due to come into production, with an estimated 20bn barrels of oil capacity each. Remember, the Texan Spindletop Hill oil field has driven the US economy for decades, just think what all of these new oil fields will do for your economy!

If I were younger, and healthier, I'd sell my house, everything, get a green card and head off to the US to buy a LNG fueled truck rig. IMHO, there's going to be a huge demand for trucking, in the LNG transport field, especially when Obama gets around to awarding the 8 LNG export licences that have been lying on his desk for the past year.

 

[degsme]

Actually there may be a lot of money in reversing the Keystone pipeline (not the Keystone XL - the original Keystone) and running gas back to Canada. Similarly running gas to Mexico and Central America.

 

[Arkady]

Due to cheap natural gas, and expanding oil production in the US, coupled with the rising cost of overseas employment, and the need for skilled labour, US factories/companies are returning home.

A further 2 million are expected to be employed, adding $20bn to the US economy - and, imho, this is just the start.

http://www.bbc.co.uk/news/business-20983620

We'll see. Unemployment remains painfully high.