One of the biggest concern across markets and throughout our economy is energy and oil prices. Although lately we have been struggling, the American ingenuity always prevails. We are finding nontraditional sources of energy; shale oil, shale gas, and even deep-water production in the Gulf of Mexico, and oil sands in Canada. This resurgence in american energy will greatly benefit our rising oil prices and remove a lot of pressure from our foreign dependence. North America accounts for 25% of foreign oil consumption. This dependency lead towards new sources of energy. These new sources of energy however are not agreeable on all accounts. Many environmental groups are protesting the shale gas removal process known as Fracking. Fracking is believed to contaminate ground water. This new age of energy sources will continue to play out in the coming years and have a big effect on the upcoming presidential term. Currently these new sources of energy are a lifesaving device for the United States economy. I personally find issues with drilling and fracking, but until research proves its dangers, I must admit this upswing in "homegrown" energy sources is quite beneficial for the country.
More information can be found at: http://www.nytimes.com/2012/04/11/business/energy-environment/energy-boom-in-us-upends-expectations.html?_r=1&ref=businessspecial2&ref=business
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