The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (96413)	8/18/2008 7:44:28 PM
From: KyrosL	Read Replies (3) of 110194

I know it's fashionable to lament the economic malaise in the US, and sometimes I even do it, but ... In the last few years the amount of natural gas discovered in US shale oil fields, made extractable by new technology and the new higher NG prices, is estimated at a staggering 2.2 quadrillion cubic feet. Enough to supply the US for 120 years at current production rates. Message 24817036 At $2 per 1000 cubic feet, the value of that is more than $4 trillion. That's just one glimmer of hope, among many others, that shows that the long term health of the US economy may be better than many people think.

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