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We hear a lot about dry natural gas used to fuel electric generators. But we hear less about wet natural gas, or so-called natural gas liquids that are the underpinnings of everyday consumer products. Both are building a new American economy.

New York is taking its own path and outlawing the use of high-volume natural gas fracking. Yet, the state will remain a voracious consumer of natural gas that is fracked elsewhere. What gives?

The shale revolution now fueling the American economy appears poised for expansion overseas.

It has not been public investments in sustainable fuels and modern tools that have led to the re-awakening of the U.S. economy. Rather, it’s been mostly private investment in shale gas development that has led to new capital formation, infrastructure development and jobs galore.