Replies

The availability of cheap energy helps facilitate manufacturing. Companies outside the US are already starting to relocate their businesses to the US due to cheap natural gas. As soon as Obama & company are out the door, and no other democrat wins the office, all of the cash companies have, sitting on the sidelines, will be invested into expanding their businesses.

Without the increase in oil production, supply and demand rules applied to the current cost oil (currently pushing $100/barrel due to the declining US dollar), would cause the price of oil to skyrocket, which would dampen economic growth. With the increase in oil production, economic growth could not only be sustainable, but could be driven by it.