As this article from the fabulously named Ambrose Evans - Pritchard shows, cheap energy makes industry of all kinds both possible and cost competitive with the rest of the world.
I can only hope that one of Romney's goals is to make energy of all kinds as cheap as possible in his first term. There will be all kinds of intense resistance, but it must be overcome, for the good of everyone.
And frankly, I have no idea why even liberal governments don't promote this, as a booming economy products loads of tax income, allowing them to do all the cute legislating they want. It is simply a testament to their clear stupidity that they hinder energy development instead.