Business Insider

Faltering Innovation Means The Last Days Of American Prosperity Are Behind Us – September 2, 2012

When it comes to energy, Chris Faulkner, CEO of Breitling Oil & Gas, disagrees with Gordon. “We have a genuine energy boom market due to the growth in domestic energy production from unconventional shale. This country and the world is entering an ‘Age of Natural Gas.’ New discoveries of accessible domestic oil and natural gas hold the promise of more substantial benefits for the U.S. for decades to come, even the possibility of energy independence,” he says. “Oil and gas will turn America’s headwinds into one of the biggest tailwinds we have seen in our lifetime.” In pockets of the country where these resources exist and the industry is drilling, nearby towns have unemployment under 3 percent and average wages are doubling from previous years, Faulkner said…