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[Rods2]

Where most of the economic world has caught a cold where the US economy sneezed, the good news is that shale gas and oil is on the brink of providing a resurgence for high energy use industries, which are on-shoring back from Asia with US companies investing over €30bn, now and over the next few years to provide long term growth for the US economy.

This is good news for global demand for all of the industrialized world except Western Europe and Japan. Japan can't compete on expensive imported energy costs, where they have closed their nuclear power stations, so are shutting high energy industries, the same applies to Europe, BASF the world's largest chemical company, say that their German industrial plants just can't compete. Europe is going in the opposite direction with noncompetitive, unreliable green energy, carbon trading and massive associated green costs and taxes. Most of mainland Western Europe is totally reliant on Russia and their prices for gas. Germany has by far the most believers and supporters of this green religion so are spending stupid amounts on renewable energies, with German industry expecting power blackouts to start in the near future. That fool Hollande is closing a French nuclear power station, as an offering to the green gods. 

Not to mention the drag of the Euro and Eurozone on those countries. With the Trokia calling this weekend for Greece to survive by the writing off of many of the Government loans, if this happens it is going to hit EU tax payers including the UK due to Darling's and Brown's generosity, but most of all Germany. German Government Eurozone liabilities are over €1trillion. I think the Germans have / are being suckered into being ruined economically by France and Southern Europe. The way things are going in Europe you are seeing in Southern Europe the sort economic devastation normally caused by wars, with this spreading north.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9639192/Europe-left-behind-as-shale-shock-drives-Americas-industrial-resurgence.html

Vote UKIP

[Rods2]

This report of UK gas reserves in very interesting and show that around Blackpool there are 200TCF of gas, which would provide our own gas price revolution. The geology in the report is also interesting in that the gas layer is far thicker than US reserves and is well below ground water aquifers. 

So, it looks like the revival and survival of our heavy industry is in the UK Government's hands and they are talking about tax breaks to encourage development and after an 18 month delay due to earth tremors, hopefully it will get the go ahead soon.

http://www.nohotair.co.uk/index.php?option=com_content&view=article&id=2669:uk-shale-gas-resources-in-one-word-immense&catid=168&Itemid=170

[Nickbat]

You are, of course, correct Rods in all you say. 

However, with this new immigration prospect, I doubt whether shale gas - the extraction of which even if allowed - will be enough to save from this:

http://www.telegraph.co.uk/news/uknews/immigration/9637967/Britain-facing-new-eastern-Europe-immigration-surge.html

Vote UKIP, as you rightly say.

[Rods2]

You have to have a job or be self employed. For Romanians that's easy, self-employed pick-pocket. 

Bulgaria and Romania are both fairly small countries. Where you are going to / are seeing a massive influx from is all of southern Europe and Ireland where there is the possibility of any job however badly paid as this is better than no job. With over 50% youth unemployment in Greece and Spain, job hunting for UK youngsters is not going to get any easier.