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" ... In the past, observers and analysts viewed resource production as an extraction business in which costs and prices rise over time as the better low-cost prospects tap out. Fracking has changed the situation completely. Fracking is manufacturing or, perhaps better, “manufRacturing.” It is not resource extraction. Historically, manufacturing is characterized by increasing productivity and falling costs. Furthermore, manufacturing typically begins in more advanced industrialized nations and then spreads over time to other countries. Cotton ginning started in the United States after Eli Whitney invented the first modern mechanical gin in 1793. The practice then spread to other countries. Advanced steel production began in the US after World War II and then took hold in Germany, Japan, South Korea, and China. Industrial revolutions move from high-cost countries to low-cost nations. We expect crude oil manufacturing to do the same. ... "
" ... It's clear that by ginning up news about the dinar, the myriad websites that are pushing dinars are trying to keep hopes up for the untold thousands who bought the currency. ... "