“In today’s audio David closed with some brief remarks concerning the effects of the low oil price on the US economy. 

“You are well aware that over the past four years the US has become the world’s largest oil producer. (see following charts)

“The oil and gas industry has accounted for 40% of US capital investment over this time and the FED chart shows that it has also been the driver of new employment.

“As the industry matures from the investment phase to the production phase there will be an inevitable fall in employment as we in Western Australia are experiencing with the end of the expansion phase in iron ore.  In the apparent absence of investment in alternative industries, it seems likely that an abrupt end to expansion in the O &G sector, accompanied by continuing low prices, that the US economy will suffer a significant slow-down which may already be apparent in yesterday’s consumer sales.

“Food for thought.

“I missed your audio yesterday.”

David Fuller's view

Food for thought indeed, and thanks for the charts and your comments with which I strongly agree.  I also maintain that many US investors do not appreciate this medium-term risk. 

I hear far less from our Australian subscribers in terms of their outlook on your own economy and market, including where you see investment opportunities at present.  The Collective of Subscribers would welcome those insights as well, contributed in the spirit of Empowerment Through Knowledge.

Re missing an Audio, there was a temporary glitch when I produced two on Tuesday, including one on my Markets Now Presentation.  However, they have both been available since Wednesday.