World Power Swings Back To America -- Ambrose Evans-Pritchard, The Telegraph
The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.
Assumptions that the Great Republic must inevitably spiral into economic and strategic decline - so like the chatter of the late 1980s, when Japan was in vogue - will seem wildly off the mark by then.
Telegraph readers already know about the "shale gas revolution" that has turned America into the world’s number one producer of natural gas, ahead of Russia.
Read more ....
My Comment: I am not that optimistic. The U.S. still has a huge budgetary deficit, and it is this government addition to spending, regulate, and imposing their will on the American public that is making America's entrepreneurs hesitant or downright hostile to implement the resources and time necessary to develop and grow their businesses. Until America gets its fiscal house in order .... both in government and in private lives .... any talk of America "coming back' and reversing our decline is premature.
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