Post: #1

I read an article today in the telegraph that was by far the most optimistic outlook on America's economy and self-sufficiency that I've read since the beginning of the recession.

Can't post links, google "World power swings back to America" in the Telegraph.

A few points the author makes:

-72% of America's oil consumption is domestically supplied
-Hydraulic fracturing is set to dramatically increase America's shale oil output
-Chinese wage inflation has already begun to decrease the off-shoring price advantage, an advantage which is expected to further deteriorate by 2015

He goes on to name some firms that are increasing or re-establishing their U.S. investments including Volkswagen, Intel, GM (they damn well better), and Caterpillar.

I'm not an expert on energy or world economies but most of the points made at least seem possible. I'm most skeptical about U.S. domestic oil production. Definitely not trying to start an America-sucks thread as those are plentiful, but I'd like to get a take on this article from someone who is an expert on energy or international manufacturing.

Post: #2

http://www.telegraph.co.uk/finance/comme...erica.html

Post: #3

This guy begs to differ!
All to do with the Exponential Function....whether it's oil,population,growth....carry on the way we're going....we're DOOMED!
Most people's understanding of mathematics is so poor they don't have a clue .
Cool old geezer explains it all... pretty mezmirising once you get into it.

Post: #4

Unless the debt stops climbing exponentially, America isn't rising out of shit.

Post: #5

(10-25-2011 09:03 AM)Samseau Wrote:  Unless the debt stops climbing exponentially, America isn't rising out of shit.

America has resilience. We'll have one more go at it. It may be the "death gasp", but we're not quiet done yet.