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The Santa Maria Times | April 03, 2014 | by The Santa Maria Times
Because of hydro-fracturing and directional drilling, America is in the midst of an energy renaissance. The rest of the world is way behind us with respect to these new technologies. By 2020, America will become a net exporter of oil and gas, as opposed to a net importer. This exponential growth in domestic energy production has already resulted in the United States having the lowest energy costs of any of the industrialized nations. This is resulting in a new manufacturing renaissance in America, and is why companies in Germany, including BMW, are locating new manufacturing plants in the United States, where the cost of energy is now the lowest in the developed world.
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