The Independent Market Observer

10/23/12 – An Article Worth Reading

Posted by Brad McMillan, CFA, CAIA, MAI

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This entry was posted on Oct 23, 2012 12:04:11 PM

and tagged Yesterday's News

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I sent a tweet about this earlier, but I want to mention it here as well. This Wall Street Journal article by Daniel Yergin, “The Real Stimulus: Low-Cost Natural Gas,” is worth a read.

The title pretty much tells the story, but Yergin goes into some detail about the numbers behind the story, as well as some of the second-order repercussions.

The overall effect of low-cost natural gas has been extremely positive so far, and we can expect it to be even more so during the next decade. The energy revolution—and it is that—is an issue I have written about before in the context of alternatives such as solar. But it is important to remember that my main point was about how diversification of sources has already helped the U.S.

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