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The USA is Back???

The_Hypocrite

Alfrescian (Inf)
Asset
[video]http://news.yahoo.com/jobs-energy-gains-helping-lift-124215678.html[/video]

New jobs and energy gains helping lift US economy

While jobless rate still high, energy advances and job gains combining to help lift economy
Associated PressBy Tom Raum, Associated Press | Associated Press – 1 hr 58 mins ago

WASHINGTON (AP) -- A stronger-than-expected April rebound in job creation and recent dramatic discoveries of vast U.S. oil and gas reserves are helping to lift the American economy out its long funk.

The economic good news is also drawing attention to the importance of private-sector innovation rather than government policy in fostering growth.

The Labor Department's report that payrolls expanded by 165,000 jobs last month and the unemployment rate declined to a four-year low of 7.5 percent does not represent explosive job growth by any measure.

Yet the report offered a big sigh of relief to President Barack Obama and his Democratic allies in Congress.

It also may help blunt Republican criticism of Obama's policies and make it easier for him to give more attention to other issues on his agenda, including immigration, gun control and global warming.

At the same time, it provided the GOP with more support for their call for a smaller government and fewer regulations on business.

The recent jobs improvements were mostly driven by private-sector gains independent of action by the president and Congress.

Most legislative fiscal stimulus programs, begun in 2008 under President George W. Bush and expanded under Obama, have run their course. The Federal Reserve, however, continues to stimulate the economy by holding down interest rates and effectively printing money to buy government and mortgage-related bonds.

In fact, the report showed employer confidence about the economic outlook even in the face of new federal budget cuts. Economists widely agree that job gains would have been bigger were it not for the automatic across-the-board cuts that are beginning to take an $85 billion bite out of government spending.

House Speaker John Boehner, R-Ohio, said that while the report had "some good news" on the jobs front, it was still important to "focus on growing our economy rather than growing more government." He said that includes "expanding our energy production."

The energy sector plays a major role in global economic growth and recovery.

Recent discoveries have put the United States on track to become the world's largest producer of oil and natural gas in a few years. At the same time, oil imports have fallen to a 17-year low.

The energy breakthroughs have come despite Obama's heavy emphasis on promoting renewable clean-energy sources, such as wind and solar power, for the future.

In the months and years ahead, domestic energy production "is going to be a real driver of economic growth," said economist Douglas Holtz-Eakin, a former director of the Congressional Budget Office and chief economic adviser to Sen. John McCain's 2008 presidential campaign.

These energy gains, while not that big yet, will be reflected in more jobs at drilling and other energy work sites, reduced manufacturing costs and improvements in the nation's balance of trade, said Holtz-Eakin, now head of the American Action Forum, a conservative public policy institute.

"There's a lot of things in this jobs report one could like. But it's also something that leaves you with a long way to go."

It's hard to appreciate when you're in the grips of one, but recessions always come to an end. Recoveries always eventually follow, obeying the physics of business cycles.

But this recovery has been agonizingly shallow, given that the recession officially ended way back in mid-2009. Even at 7.5 percent, the jobless rate hovers well above pre-recession levels.

Even at the improved pace of job creation over the past six months, it will still take until early 2018, five more years, to get back to the more normal unemployment rate of 5 percent or less that prevailed before the recession began in late 2007, said economist Heidi Shierholz of the labor-oriented Economic Policy Institute.

"This is one of those reports that is totally context driven. In good times, the 165,000 new jobs would be fine, but nothing to write home about," she said.

"It's not bad. But we should have added over 6 million jobs since December 2007. Instead, we're down 2.6 million jobs," she said. "There's a big disconnect between people who are just happy that job growth was better than their expectations and what the report really says about where the labor market is."

Even so, stocks soared on cue, with the Dow industrials on Friday briefly rising above 15,000 for the first time before falling back a bit to close at 14,974, still a record close.

The jobs report also reflected a recovering housing industry. But not all sectors were up. Manufacturing, for instance, was flat.

While most energy-related sectors may be on the rise and new technological developments are "promising," the benefits to manufacturers will be muted because "U.S. manufacturing has become so much less energy intensive overall in recent years," said Alan Tonelson of the U.S. Business and Industry Council, which represents close to 2,000 mainly family-owned manufacturing companies.

Tonelson worries about foreign trade barriers, continued high levels of government spending despite recent cutbacks, and the Fed's continuing efforts to stimulate growth by printing money.

"Debt-led growth never ends well," he said.

Still, the latest jobs report gave the administration a big dose of good news, even as officials agreed there was still far to go.

"The economy has now added private-sector jobs every month for 38 straight months, and a total of 6.8 million jobs," said Alan Krueger, chairman of the White House Council of Economic Advisers.

"It is critical that we remain focused on pursuing policies to speed job creation and expand the middle class as we continue to dig our way out."
 

StinkiePeasants

Alfrescian
Loyal
5. The Dow & S&P 500 hit all time high last Friday, May 3rd.

6. USA will become an oil exporting nation in the years to come by utilizing to oil (fracking) fracturing technology. The country is already a net exporter of natural gas.

Please don't ask me to provide the links as they can easily be found by Google search engine (an American company).

USA is coming back due to American technological innovation and ingenuity. Also, the American people are very creative & resilient. The U.S. economy and society are also very dynamic and changes very rapidly compared to other countries.

Just to mention a few things below invented or popularized by Americans (natural born or naturalized U.S. citizens) that changed or in the process of changing the lives of people around the world:

1. Automobile Assembly Lines (Henry Ford)
2. Smartphones and tablets (Steve Jobs)
3. Credit Cards (Diners Club founder Frank McNamara, Ralph Schneider and Matty Simmons)
4. Airplanes (The Wright Brothers)
5. Electricity (Thomas Edison co-founder of General Electric)
6. Fast Foods (Popularized by McDonald's, BK, KFC, Pizza Hut)
7. Soft Drinks (Popularized by Coca-Coca, Pepsi)
8. Facebook
9. E-Bay
10. PayPal
11. YouTube
12. 3D Printing (AKA Additive Manufacturing)

What the Chinks can do in modern history is copy from the West.

May God Bless The United States of America!
 
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The_Hypocrite

Alfrescian (Inf)
Asset
Soon the USD will be backed by energy resources like LNG and Oil,,,,

[video=youtube;Yy0uM6IGJWw]http://www.youtube.com/watch?v=Yy0uM6IGJWw[/video]
 

syed putra

Alfrescian
Loyal
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.

Yesss.
The taiwan mega Petrochemical project that was planned for Johore was redeployed to US due to cheap energy availability plus most of their customers are in US anyway.
This cheap energy thing is driving china p the wall as they know it will be tough to compete with US. Hence the claim on islands in east China and south china seas. They need this energy near their coastline in order to compete and drive its economy. I think what china really wants is the right to exploit the minerals in a profit sharing basis. They dowan the mining and mineral concession to go to other foreign companies.
 

johnny333

Alfrescian (Inf)
Asset
Soon the USD will be backed by energy resources like LNG and Oil,,,,

[video=youtube;Yy0uM6IGJWw]http://www.youtube.com/watch?v=Yy0uM6IGJWw[/video]



They are experimenting with fracking. It will mean that they can re-work the older drill sites or new sites which has oil but difficult to extract.
 

zhihau

Super Moderator
SuperMod
Asset
Soon the USD will be backed by energy resources like LNG and Oil,,,,

as long as some one frees us from fuel and makes use of the free energy from the sun... just how do we manipulate the EM waves... we need a Tesla #2.
 

The_Hypocrite

Alfrescian (Inf)
Asset
there is alot of vested interest in preventing fossil free fuel from taking off. But progress cant be stop,,anyway we have already reach the point of no return..the world is already screwed up no matter what is done...so just live and let live.

as long as some one frees us from fuel and makes use of the free energy from the sun... just how do we manipulate the EM waves... we need a Tesla #2.
 

The_Hypocrite

Alfrescian (Inf)
Asset
http://news.yahoo.com/oil-edges-toward-108-economy-brightens-125954277--finance.html

[h=1]Oil edges up toward $108 as economy brightens[/h]
Oil prices rose to near $108 a barrel Thursday after new U.S. indicators underlined a modest recovery in the world's biggest economy.
By early afternoon in Europe, benchmark oil for October delivery was up 65 cents to $107.88 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell Wednesday by $1.31 to close at $107.23 a barrel.
As immediate concerns about political stability in the Middle East eased, the main focus was on market fundamentals and the releases of the major U.S. macroeconomic data.
The Labor Department released data Thursday showing applications for U.S. unemployment benefits fell to 323,000 last week, near their lowest level in 5 years and in line with trends indicating fewer layoffs and steady net job gains.
A jump in U.S. auto sales also helped brighten the outlook for oil consumption. General Motors and other U.S. carmakers posted strong sales in August, giving the auto industry its best month in six years.
"This is globally good for the U.S. economy although for gasoline demand it also translates into a fleet that should improve further its fuel efficiency," said Olivier Jakob of Petromatrix in Switzerland.
The Federal Reserve also said Wednesday that surveys showed moderate growth throughout the country.
Investors will later monitor fresh information on U.S. stockpiles of crude and refined products.
The American Petroleum Institute reported that U.S. crude stocks fell by 4.2 million barrels last week, well over the draw of 2.5 million barrels expected by analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.
Data from the Energy Department's Energy Information Administration — the market benchmark — will be out later Thursday.
Elsewhere in the market, Brent, the benchmark for international crudes, was up 36 cents to $115.27 a barrel on the ICE Futures exchange in London. Brent has risen sharply recently due to fears the U.S. could intervene militarily in Syria's civil conflict, even if the scale of the attack is now expected to be low.
In other energy futures trading on Nymex:
— Wholesale gasoline fell 0.38 cent to $2.8605 per gallon.
— Heating oil added 0.35 cent to $3.1406 per gallon.
— Natural gas was steady at $3.684 per 1,000 cubic feet.
___

<cite class="byline vcard top-line"> PABLO GORONDI <abbr>38 minutes ago</abbr> </cite>
Pamela Sampson in Bangkok and Christopher S. Rugaber in Washington contributed to this report.
 
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