Excerpt The following by Bernard Weinstein, associate director of SMU`sMaguire Energy Institute, appeared in the Jan. 9, 2018, edition of The Houston Chronicle. January 19, 2018 By Bernard Weinstein As 2018 begins, America`s families and businesses have good reasons to be optimistic about the economy. The jobless rate is at a 17-year low, employment is at an all-time high, real wages are rising, corporate profits are strong, business investment is increasing, and the `Great Recession` has become a distant memory. What`s more, whereas a decade ago energy was scarce and expensive, today - thanks to the shale revolution - oil and natural gas are abundant and comparatively cheap. Indeed, an...
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