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The Shale Gas Revolution: Reindustrialize the Economy

brumfield Wrote: Dec 16, 2012 12:51 PM
There are lots of wing nuts in the world. I'm sorry that a quality column like yours has to suffer through this, I learn every time I read one of yours, Thanks for what you do.

The United States doesn’t usually look to Britain for guidance—the last time may have been when Winston Churchill was Prime Minister. That time has come again. This time, the US should follow the leadership of Prime Minister David Cameron, who last week said: “Britain must be at the heart of the shale gas revolution.” He pointed out that ignoring the “revolution” could be giving their economy “much higher energy prices than would otherwise be necessary.”

But, the most significant aspect of his comments may well be that the “shale gas revolution” has the potential to “re-industrialise” the economy. That...