As it turns out, we have found so much natural gas and oil in this country, with the new procedures and the new technology, that we can become energy independent in less than ten years, maybe even by the end of the decade.
If we start exporting natural gas, which we will in less than four
years, from McAllen Texas there will be the first LNG terminal, just the
one in McAllen is going to produce $70 to $80 billion a year of
positive trade balance.
If we start exporting value-added natural gas, in the form of
fertilizers and plastics and other products that you make from natural
gas, we could have a positive trade balance in less than ten years.
That would be a shock to the world. Nobody sees that coming.