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"This is an absolutely huge phenomenon
with massive
implications for the U.S.
economy, and I think most people are
still a little bit slow to appreciate just
how big this is”
Niall Ferguson
Niall Ferguson
On Fracking & American Natural Gas Bonanza
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And now for another reality check on the real potential for
hydro electric exports from this province to the North Eastern United States.

Fracking," as the process is commonly known, involves injecting a
mixture of water and chemicals deep into the Earth. The pressure causes
shale rock formations to fracture, and natural gas is released. The
fluid is extracted, and the natural gas is mined through the well.
According to Niall Ferguson the natural gas boom will bring
a "new golden age" for the U.S., creating millions of jobs and
a manufacturing renaissance. What was it I said earlier this week, a nation that
controls it’s energy future, controls it’s economic future.
I have a lot of respect for Ferguson. He is a former adviser to a Republican Party presidential candidate and Harvard history professor. I have read a couple of his books including Civilization: The West and the Rest and The Ascent Of Money: A Financial History Of The World.

"It's not only in the extraction industry and
infrastructure, but more importantly cheap energy is going to create employment
in manufacturing. I think you'll see a renaissance in manufacturing," said
Ferguson.
So folks, what about those export opportunities?
We might
not be able to give away our power, let a lone sell it!
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