Re: IMPORTANT NEWS ON THE ECONOMY
in response to
by
posted on
Nov 15, 2023 08:42AM
Combining Classic Mineral Exploration with State of the Art Technology
There are exceptions, of course. But the current EPA and aligned interests are on the wrong side and fighting a losing battle. From my reading, and despite the best efforts of the far Left, the US is re-industrializing at a furious pace. It's not getting attention in the press, however, at least not yet.
A different kind of boom is coming; things difficult to imagine, like the battery metals hawkers going bust because that market segment is dying from a lack of need. Let's look at oil and natural gas (NG) for a moment. Technological improvements are making the US very much more productive in this area. We already lead the work in the production and export of NG. We are the no. 1 producer of oil and the no. 5 exporter, climbing toward no. 1 in two to three years. We are importing oil from Venezuela not to be nice to them but because we need it, AND we are the only country with the technology to profit from cracking that heavy crude in the current market environment. From just looking at gas and oil alone, we are again about to become the world's indisputable leading economy once more. We and the rest of the world may have a sharp and painful recession first, but it will be short. The gloom and doomers have never been correct, and they will not be this time either.
Have you noted that the electric car market is dying? They can't compete without subsidies, and even those are no longer working. What's that market going look like as NG and oil get cheaper in the years ahead (perhaps putting aside the short term)?
Again, we are the world's leading producer of hydrocarbon fuels, and we are getting more efficient at it all the time, even with all the roadblocks put up against us. That will not change; it will only get better as voters understand where their jobs come from. And, of course, these changes in our energy picture will fuel our economic revival from our re-industrialization because of onshoring businesses returning from places like China and Russia. It's the same wave that left to find cheap labor overseas.
Have faith. In the meantime, buy gold and silver.
...all in my opinion. I am not a prophet nor a guru; I just read a lot. Do your own DD.
VP