Re: The USA is Back???
The great game changer is shale oil. Around 2008, a genius developed a new fracking technology to unlock previously untappable oil reserves in the US. There was initial skepticism as to whether it will wor. Five years on, the technology has proven itself. The US is now awash in so much oil that the domestic WTI trades at a hefty $10 to $15 discount to the global Brent crude. The US is conservatively estimated to have more crude that Saudi Arabia and can become an oil exporter in under 10 years if it so choses. The ramifications of this are so great that few people truly understand what it means. The markets are only begining to price this in which is why US equity markets are rallying to the moon. With the royalties and taxes from the oil wealth, the US is going to be able to get out of debt. It will also likely withdraw from the Middle East and instead focus on containing China.
Three things cannot be long hidden: the sun, the moon, and the truth. ~ Buddha