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Higher Oil Prices Are Starting To Bring Jobs Home

Posted by kdawson on from the silver-lining-with-a-vengeance dept.

penguin_dance notes a report up at ABC News that high oil and gas prices in the US may be moving jobs back home in a trend that some economists are calling "reverse globalization." It's becoming more and more expensive to ship finished product from other countries, so some companies are moving the manufacturing back to the US. The article hints that this trend may spill over soon to raw materials such as steel. One economist is quoted: "It's not just about labor costs anymore. Distance costs money, and when you have to shift iron ore from Brazil to China and then ship it back to Pittsburgh, Pittsburgh is looking pretty good at 40 bucks an hour."

16 of 777 comments (clear)

  1. Whacked upside the head ... by Ungrounded+Lightning · · Score: 4, Funny

    ... by The Invisible Hand.

    Adam Smith strikes.

    --
    Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
  2. Macroeconomics by Citizen+of+Earth · · Score: 5, Funny

    It's almost like there was some kind of invisible hand at work.

  3. Comment removed by account_deleted · · Score: 4, Funny

    Comment removed based on user account deletion

  4. Really? by Trogre · · Score: 1, Funny

    I didn't know he'd gone anywhere.

    --
    "Nine times out of ten, starting a fire is not the best way to solve the problem." - my wife
  5. Re:Interersing trend... by Mithras6691 · · Score: 4, Funny

    This has hit the general public in a way they never really ever imagined before, and they are shocked. They've been slashdotted.
  6. wessels? by ciaohound · · Score: 4, Funny

    Thank you, Mr Checkov. Mr Sulu, lay in a course for the 1970's.

    --
    Oh, yeah, it's not easy to pad these out to 120 characters.
  7. Re: piracy by pipingguy · · Score: 2, Funny

    Add minigun.

  8. Re:Interersing trend... by pipingguy · · Score: 5, Funny

    Real problem is still TOO MANY PEOPLE.

    Hmmm, so maybe going nuclear IS the solution...

  9. Re:Interersing trend... by stfvon007 · · Score: 2, Funny

    so the plan is to announce that we are drilling there, then not do it! We get the best of both worlds then! We could even fake all the drilling stuff, and when environmentalists go and find something there / protect at the drill sites, we tell them everything with the drilling is underground now.

    --
    All misspellings and grammatical errors in the above post are intentional and part of my artistic expression.
  10. Re:Interersing trend... by xZoomerZx · · Score: 4, Funny

    Nuclear power is a safe and viable alternative to fossil fuels. PERIOD!
    I wholeheartedly agree!. Because even the biggest fuel/air bombs cant get that many at once. On the other hand, even if the target scatters like roaches, you can still warm enough of them to have a body count in the seven figure range.
    --
    Power tends to corrupt, and absolute power corrupts absolutely.
  11. Re:Interersing trend... by Brain+Damaged+Bogan · · Score: 3, Funny

    "Real problem is still TOO MANY PEOPLE."
    well then stop being part of the problem and be part of the solution
    commit suicide today!

    --
    -- Sex is the antonym of pringles. Once you pop it's time to stop.
  12. Re:Interersing trend... by Anonymous Coward · · Score: 1, Funny

    which in turn causes the banks to loose money (yes they loose money on a foreclosure because they get a house and not the money back), which cause them to jack up the rates to cover their loosses Fixed that for you. At least be consistent with your spelling, people.
  13. Re:Interersing trend... by Anonymous Coward · · Score: 1, Funny

    No, you idiot. Pixie dust is for flying.

  14. Re:Interersing trend... by pushing-robot · · Score: 5, Funny

    Do you even understand how nuclear bombs work versus how nuclear reactors work? Yes. Until something fails it's a reactor.
    --
    How can I believe you when you tell me what I don't want to hear?
  15. No need for that by Rob+Simpson · · Score: 5, Funny

    Just don't have any children.

    Slashdot: Part of the solution!

  16. Re:It's also putting the kibosh on the American Dr by elrous0 · · Score: 3, Funny

    We lost an bike-riding employee to a rhino attack just this week. I can still picture him, desperately peddling away in those Birkenstocks, trying to outrun that rhino while we sat back watching helplessly from the office window. We found out later that the rhino was attracted to the color in his tye-dyed t-shirt. All that was left of him after the rhino got done was part of his torso and his laminated PETA membership card.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.