Global tremors from a US gas explosion

The likely emergence of the US as a lower energy, lower carbon fuelled, higher technology nation will have significant global impact, and a dramatic long-term effect on Australia.

The plunge in US gas prices has caught out mining companies that jumped on the shale gas train. But it has gifted America with a much needed chance to reduce its energy costs, while cutting emissions and formidably increase its competitiveness.

Every US president since Richard Nixon has promised to reduce America’s reliance on foreign oil. The difference now is that the winner of the next presidential election actually has a compelling path to achieving this.

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