Bob Fraser of Aspen Funds explains why the U.S. is a net exporter of fossil fuels: shale revolution abundance and unique geography. U.S. natural gas costs five times less than Europe or Asia, making America the best place for energy-intensive manufacturing.
And America is in a very unique situation where the only country in the world that has energy availability in the same locale as industrial demand. So supply and demand are literally geographically co-located. Right. You know, China doesn't have any energy. They import all of it. Japan doesn't have any energy. Europe doesn't have any energy. I mean, not any, not much, or not enough, right? Support the demand. It's, they're importing. America is the only country, America is actually a net exporter of fossil fuels. And it's because of the Shell revolution. And our natural gas is literally 5 times cheaper than in Europe or Asia. And you know, well, what does that do? Well, if you have an energy-intensive industry, there's only one place on the planet you want to be, right? And that's America. You know?
