Those shale deposits, like ours are a long way from being an oil supply. Maybe when the price of oil is high enough to make the mining and extraction affordable it might start getting seriously tapped, but I get you main point around the global currency war that's in progress. Right now we are sitting pretty, but only as long as China keeps buying our raw materials.
The problem is everyone including the Chinese forget that they simply printed more money to scoop themselves out of the poo they were headed for the same as the Europeans and Americans. My guess is that no-one will be the winner in this.
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