if you can’t buy anything outside the country, and all money generated stays inside the country, ipso facto economic growth...
Someone in Washington surely has looked at US natural gas reserves and US natural gas production.
Reserves, 12 trillion cubic meters. Production (consumed or exported) 978 billion cubic meters per year and grows every year.
Yes. 12 years.
Reserves grow, too. But only since shale fracking arrived. Prior to it, reserves were about 6 Tcm and stayed that way for years — because we still used coal for power plants.
So with shale, 12 assessed by USGS. Will we find more? A lot more was found via shale/fracking. There is no law of the universe that says more will be found. It’s not infinite.
Russia is the #1 natgas country in the world with 37 Tcm. And they haven’t even started fracking shale to declare more.
We have chosen the wrong enemy.
The import to Russia restored. Except the EU used to be the chief trading partner and now China.