Fracking allows US to moves from importer to exporter of natural gas in 2012

According to Financial Times horizontal drilling and hydraulic fracturing techniques increased natural gas  reserves. Instead of importing liquefied gas, US becomes exporter. US prices $1 per m Btu is a third of prices in European markets and a sixth of gas sold in Japan at $15 per mBtu. However, despite all euphoria, drillers disregard that fracking is damaging the US underground layers. It destabilises structures built over billion of year. [1]

Outdated strategy
Analysts should look ahead of an outdated energy economy. Carbon based strategies experienced a peak in last decades. China is taking the lead in the global energy strategy, boosting their economy and creating wealth for their people. In just few years China became leader of solar and wind energy outfits, meanwhile US companies bankrupt.

The quick money strategy of big corporations, of the commodity trade at Wall Street and the derivatives and hedge-fonds of Bank of Amerika, Merryll-Lynch and other build the system which sticks to old-fashioned ideas making USA to become number 2.

[1] US natural gas prices fall to decade low Financial times 19 Jan 2012.
http://www.ft.com/cms/s/0/1199fc56-426e-11e1-97b1-00144feab49a.html