New York, NY (PRWEB) November 23, 2012
A leading financial e-letter published by Lombardi Publishing Corporation, a 26-year-old consumer publisher that has served over one million customers in 141 countries, Investment Contrarians recently published an article by leading financial expert Sasha Cekerevac, who reports that while the United States is still recovering from the Great Recession, the oil and gas industry could be the catalyst for growth over the next 10 years.
While the lack of economic growth has lead to a persistent and sustained elevated level of unemployment, this could change in the coming years as the world focuses its attention on America—the leading source of oil and gas and a forerunner in technological innovation.
In a recent Investment Contrarians article, Cekerevac says, “In spite of the current weak economy and the ineptitude of politicians to take concrete actions in building a solid economic foundation…one of the main drivers for economic growth over the next several decades will be a derivative of oil prices.”
As the article outlines, American ingenuity has led the world in technological innovation when it comes to energy extraction; so much so that the International Energy Agency (IEA) recently reported that, by 2017, the U.S. will be the top oil producer in the world, replacing Saudi Arabia.
According to Cekerevac, this same report found that, by 2015, the U.S. will also be the top gas producer in the world. When people around the world think about gas and oil prices, they will look to America as the world leader in technological innovation. (Source: “U.S. to overtake Saudi as top oil producer—IEA,” Reuters, November 12, 2012.)
Two of the most important factors driving economic growth are technological advancements and a competitive edge, states the Investment Contrarians expert. The increase in oil prices witnessed over the past 20 years has led American firms to develop technologically sophisticated methods of both locating and extracting oil and natural gas from beneath the ground. This has resulted in increased reserves and oil and gas production in America.
Cekerevac reports that the results have also led to a huge discrepancy when comparing American oil and gas prices with the rest of the world. Currently, natural gas and oil trade at significantly lower prices in America than many other areas of the world. This lowered cost is a crucial competitive advantage and one that will help spur economic growth in the coming decades.
Cekerevac notes, “Economic growth is based on more than just lowered costs. America’s technological know-how will also be a strong export. With gas and oil prices around the world expected to remain high for decades, many international firms will be looking to hire companies with expertise in advanced extraction techniques and technologies.”
The Investment Contrarians expert concludes, “America’s competitive advantage in terms of gas and oil prices and technical innovation will be strong drivers of economic growth in the U.S. What we also need are politicians that create a business environment that encourages businesses to grow and create jobs. In the competitive global market place, we must encourage, not stifle, American creativity.”
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