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Millenium Wave's John Mauldin - Unconventional Energy Is Our Way out of Dual Deficits
Posted by: CanadianValue (IP Logged)
Date: December 12, 2012 10:33AM
John Mauldin has the following observations:
- America needs to reduce both the trade and fiscal deficits.
- The most obvious way to get this done is through the unconventional oil and gas boom.
- According to Jeremy Grantham, half of the growth in the economy is going to come from this unconventional boom.
- If we got really aggressive with oil and gas drilling it could add a full percent to GDP per year.
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