This year North America is for all intents and purposes energy independent. Canada, Mexico, and the US through localized trade are virtually independent from the wider world for energy imports of oil and nat gas. Thanks to the shale revolution, and the rapidly evolving set of technologies which make it possible, certain fields in the Permian Basin, and Eagle Ford, and soon with the Bakken, shale crude is on par with Saudi Arabia for costs to produce.
Given the US has the smallest exposure of it's GDP to trade as a percentage of GDP of any country in the world, now that energy imports are no longer part of that equation, what is the world going to look like in the next 15 years? World the US' oyster?
Given the US has the smallest exposure of it's GDP to trade as a percentage of GDP of any country in the world, now that energy imports are no longer part of that equation, what is the world going to look like in the next 15 years? World the US' oyster?
