Sunday, May 13, 2012
Snatching Defeat from the Jaws of Victory...
In other news, the American Petroleum institute has promised an economic boom in Ohio. Marcellus and Uttica deposits will provide cheap energy sources for industry. Steel plants that have been closed are springing to life in the Mahoning Valley once again... and undoubtedly, our energy sources will find its way to LNG (liquefied natural gas) plants that are coming on line on the east coast... for export to Europe.
As Europe continues to flounder under the belief of socialism or bust, the U.S. dollar now seems attractive. Can this really be the truth with QE 3 and 4 on the horizon? Feeling like I am playing a game of Spy Hunter from the 1980s.
Posted by at 9:40 AM