Surely you remember my last post on the booming economic recovery in the United States, which laid out the thesis for why low energy prices and low financing costs would boost the American economy. If you don't, you can find it here: America's Future Looks Bright.

This week Barron's ran a cover story with the same thesis, promising millions of jobs in the next 8 years, low energy costs, and a booming economy.

Some key notes from the cover story:

Natural gas here costs $3.55 per million British thermal units, versus roughly $12 in Europe and $16 in Japan.

Over the past six years, U.S. production of petroleum and natural gas has jumped from 15 million barrels of oil-equivalent a day to 20.1 million, a 20-year high. Over the same period, imports have fallen from 14 million barrels a day to below eight million, a 25-year low.

Given our expanding reserves and record inventory, commodity strategists expect U.S. natural gas to stay between $3 and $5 per million BTUs for years -- well below prices abroad.

Industrial land averages $10.22 a square foot across China, but rises to $11.15 in the coastal city of Ningbo and $21 in Shenzhen -- compared with $1.30 to $4.65 in Tennessee and North Carolina. "Within five years, the total cost of producing many products will be only about 10% to 15% less in Chinese coastal cities than in parts of the U.S. where factories are likely to be built,"

But BCG's Sirkin conservatively estimates that 2.5 million to five million manufacturing positions will be added by 2020, which could shave two to three percentage points from our unemployment rate, now near 7.8%.
Here's a link to get past the paywall: https://www.google.com/search?q=the+next+boom