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The expert predicted that America's gross domestic product will return to more than 3 percent yearly expansion. For example, Dow Chemical is investing $4 billion in Texas plastics production that will be operational by 2019. Such growth requires cheap oil and natural gas - and "by 2022 or so, the United States will surpass Saudi Arabia in oil output, and Russia in gas." He continued: "The big attraction is the low price of natural gas, the lowest-carbon fossil fuel, which can be produced profitably at about a third the price per unit of energy as other hydrocarbons. That is particularly attractive to chemical companies. It is the raw material for plastics, Styrofoam, tires, sealants, adhesives, films, liquid crystal screens, nylons, polyesters - nearly everything around us."
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Conan of Aquilonia is a collection of four linked fantasy short stories written by L. Sprague de Camp and Lin Carter featuring Robert E. Howard's seminal sword and sorcery hero Conan the Barbarian. The stories were originally published in Fantastic for August 1972, July 1973, July 1974, and February, 1975. The collected stories were intended for book publication by Lancer Books, but this edition never appeared due to Lancer's bankruptcy. The first book edition was issued in paperback by Ace Books in May 1977 and the first British edition was published by Sphere Books in October 1978.
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Six years ago, lawyer-banker-scholar Charles Morris wrote a prophetic book - 'Two-Trillion-Dollar Meltdown: Easy Money, High-Rollers and the Great Credit Crunch' - that foresaw the 2008 Great Recession before it clobbered America and the world. Now Morris has reversed course and sees good times ahead. His forthcoming book, 'Comeback,' predicts that surging U.S. energy independence will bring a buoyant rise in American manufacturing and jobs.
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"Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. Send these, the homeless, tempest-tossed, to me. I lift my lamp beside the golden door." - Emma Lazarus, inscription for the Statue of Liberty
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On this date in 1776, rebellious colonials launched the first modern democracy, an experiment in government controlled by the people themselves. America succeeded so well that virtually the entire world later adopted democracy with its guarantee of personal rights.