The Mike Bertelsen Project

Shale drilling is allowing the United States to become more of an oil producer than ever before. It is changing the global oil producing landscape. This will help growth by diminishing the rise in oil prices. When inflation rises (which it will) energy will most likely be at a lower price. Household incomes will be helped.

Central banks have used energy prices to figure core inflation.

The U.S. trade balance would be equalized. The U.S. would have less of an oil constraint.

Source story from businessinsider.com