Domestic energy is a key step toward meaningful recovery in US fiscal health

I saw Zero Dark Thirty this week. It is very entertaining, but also reminds of the incredible financial cost the US has unnecessarily born in its stubborn dependence on foreign oil and hostile regimes. Time to wise up.

“Manufacturing in the U.S. could take off right now on the back of “the cheapest energy in the world,” BP Capital founder T. Boone Pickens told CNBC on Thursday.

Prices from American supplies are “20 percent cheaper on oil; 75 percent cheaper on natural gas; and 50 percent cheaper on gasoline,” he said in a “Squawk Box” interview, adding that companies could pay their factory workers higher wages and still make more money than they would if they outsourced overseas because of lower energy input costs.”

Here is a direct link.

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