Tuesday, 14 February 2012

Dollar bears in for shock if US cuts energy imports

FT on Line

"Dollar bears in for shock if US cuts energy imports


The future of the dollar is more likely to be determined in the shale gas and oil fields of Dakota and Texas than in the sovereign wealth funds of Asia and the Middle East. This is because striking new technological developments are set to transform America’s energy supplies, significantly improving the US balance of payments and the long-term outlook for the greenback, argues Mansoor Mohi-Uddin."

Go to FT.com for full story.

Regards

Steven

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