The winners of America's energy independence

US

Matt Strachan, manager of the Alliance Trust North American Equity fund, reveals the investment opportunities from new fracking technology.

For years, the US has been associated with a gas guzzling, energy dependent economy, vulnerable to events in the Middle East. However, a revolution in drilling and fracking has delivered a dramatic increase in natural gas production and resultant collapse in its price to little more than $2 per thousand cubic feet (mcf). At the same time Japan has just shut down the last of its 54 nuclear power stations and is importing record amounts of liquefied natural gas (LNG) at more than $16 per mcf. Behind these headlines the US is moving towards energy independence, with profound implications. ...