Natural Advantage: Lost

Zh: US NatGas Spikes Above $8 For First Time Since 2008 As LNG Exports 'Save Europe'

The U.S. can export cheap natural gas or it can export cheap chemicals made from natural gas. Or it could export cheap food made from fertilizer made from cheap natural gas.

A cheap energy advantage is an absolute advantage. America's ruling class frittered it away in under 2 years.

As for the chart, prior spikes like the current one ended in the double digits. I make no prediction about this current run, but do expect that double digits are coming during this cycle, along with a new all-time high.