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The Shale Gas Revolution: Reindustrialize the Economy

FletchforFreedom Wrote: Dec 16, 2012 2:36 PM
If the market results in exports, it means that the economy benefits more from the return from those exports than from selling those same commodities domestically. WHO CARES where we get our energy from as long it is the most economically efficient source making us all better off?

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...