[AZLiberty]

The rest of the world — apart from the few energy producers — will benefit as well, through cheaper imports from the U.S.

[Rockingham]

A year or two ago, Spengler at Asia Times broadly claimed that fracking and the full development of other US energy sources would: revive US manufacturing by conferring a competitive advantage through cheap natural gas; boost the US dollar and pay down the federal debt load; and would put unfriendly energy producers elsewhere in the world on the defensive.

In short, Spengler claimed that the first "American Century" would be succeeded by another in which American strength and preeminence would not just be envied but would be even more greatly admired and imitated. It seems that such optimism may well be warranted -- and especially so now with a GOP President and Congress united in such goals.