It’s hard to believe the energy revolution that is going on in this country. It’s being touted as a “game-changer” and “transformative”. The US is quickly becoming the low cost provider of energy. International companies are in the process of building new manufacturing facilities in the US because energy prices are so low (especially natural gas). Just to stay competitive, they need to set up shop in the US. In the next few years, the US could be exporting energy to other countries.
This could all lead to…
- Lower cost to do businesses (especially energy dependent ones) can lead to more profits.
- Industries could transform. Perhaps in the near future natural gas will be a bigger player in transportation.
- Added infrastructure and jobs to support this booming industry
More stable energy prices. It was just a few years ago that OPEC was discussed what seemed like daily on the nightly news and price swings at the pumps would occur everytime there was a disruption in oil production abroad.