We’ve spilled a lot of ink detailing the incredible boom in U.S. oil and gas production.
The new technologies of horizontal drilling and hydraulic fracturing have allowed us to unlock huge amounts of hydrocarbons from shale fields that lie underneath much of the country.
Because of these new technologies, U.S. natural gas production is at an all-time high.
It’s expected to hit an all-time high by 2017.
Energy imports as a percentage of total usage are plunging.
S&A founder Porter Stansberry believes this massive new flow of oil and gas is so important, he has called it “the most important economic event of our lifetimes.”
Our booming natural gas supply is lowering manufacturing costs (because of lower electricity costs and lower raw material costs).
It’s becoming a big economic advantage.
You can read more of Porter’s commentary here and here.
Natural gas and coal are both major fuels for electricity generation. Thus, as our natural gas supply soars and prices stay low, it’s brutal for coal prices and coal stocks.
You can see the effect in this two-year chart of the big coal exchange-traded fund, the Market Vectors Coal Fund (KOL).
It has fallen 56% from its 2011 high.
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– S&A Research
Source: The Growth Stock Wire
