Posted on 10/26/2011 7:34:29 PM PDT by MinorityRepublican
The making of computers, electrical equipment, machinery, autos and other goods may shift back to the US from China.
Assumptions that the Great Republic must inevitably spiral into economic and strategic decline - so like the chatter of the late 1980s, when Japan was in vogue - will seem wildly off the mark by then.
Telegraph readers already know about the "shale gas revolution" that has turned America into the world’s number one producer of natural gas, ahead of Russia.
Less known is that the technology of hydraulic fracturing - breaking rocks with jets of water - will also bring a quantum leap in shale oil supply, mostly from the Bakken fields in North Dakota, Eagle Ford in Texas, and other reserves across the Mid-West.
"The US was the single largest contributor to global oil supply growth last year, with a net 395,000 barrels per day (b/d)," said Francisco Blanch from Bank of America, comparing the Dakota fields to a new North Sea.
Total US shale output is "set to expand dramatically" as fresh sources come on stream, possibly reaching 5.5m b/d by mid-decade. This is a tenfold rise since 2009.
(Excerpt) Read more at telegraph.co.uk ...
Ping
Unless we clean Obozo and his Chicago mob out of the White House in 2012, all bets are off.
Yep. I was just talking to a colleague who jets all over the world setting up electronic part orders for a big american chip maker. He was saying that China isn’t cheap anymore. Vietnam is looking to be the go to place for cheap assembly.
Absolutely. But only if we get the dead weight of government off our backs. Otherwise forget it.
ROFLO, wishful thinking,”However, in 2009, as many as 150 million Chinese were living on less than $1.25 a day “.
Wow!.. as I read the story I had the distinct sensation of sunshine being blown up my a$$... so far it lit up the room
when I stated laughing at all the BS in this article.
1. I bought an electric carving knife from Wal-Mart.
2. It made three slices on a Briskit and then failed.
3. Walmart did not have any made in the USA.
4. I will get my refund from Walmart.
5. When Walmart sells one made in the USA I will buy it
though I know it will cost more.
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