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Higher Oil Prices Are Starting To Bring Jobs Home

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."

4 of 777 comments (clear)

  1. The steel thing is already happening by street+struttin' · · Score: 5, Informative

    My dad has worked in steel for the past 38 years and he says they are busy as hell because the fuel cost and weak dollar has been making US steel cheaper for a while now.

  2. Re:Interersing trend... by mikael · · Score: 5, Informative

    The EU is doing just fine dealing with $5+ for a gallon of gas,

    Are you kidding? So far Europe has had truck drivers go on strike against fuel tax, fuel delivery drivers go on strike for a 14% pay increase, annual electricity/gas bills rising at 40%/year threatening to push a quarter of all households (5 million families) into fuel poverty, councils raising the cost of school meals due to the expense of transportation. Even the police are having to cut back on front line staff due to the additional expense. Food bills have risen by 20% since the start of the year.

    The advertisements on the sides of public transport buses read "Fed up of paying fuel duty to go nowhere, take the bus instead and stop your wallet from going empty". Otherwise many people are choosing to cycle in to work, especially university staff.

    All of this is predicted to send house prices down by at least 10%, and then one minister tells people that should stop being so miserable about the rising cost of living.

    --
    Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
  3. Re:Interersing trend... by pclminion · · Score: 5, Informative

    Who cares about the environment, it can recover in 20-40 years.

    Where do you get this crap? Take a look at the island of Crete. This island used to be almost completely covered in forest. Then the Minoans began clear-cutting it for lumber to build ships. This continued for several generations. When the forest was clear cut, there was no longer any mechanism for the top soil to be held in place. It washed into the sea. The isle of Crete is now a wasteland in terms of the ability to grow forest -- solid forest has not grown there in thousands years.

    You are naive, ignorant, short sighted, and have an offensive disregard for the natural world.

  4. Re:Interersing trend... in 1985 by Lincolnshire+Poacher · · Score: 5, Informative

    > we haven't figured out what to do with the tons of nuclear
    > waster we have NOW,much less if we did like McCain wants and
    > added 45 new plants.

    Of course ``we'' have:

    http://www.eoearth.org/article/Fast_neutron_reactors_(FBR)

    Prohibited by the Carter Administration in the USA, but used
    throughout the World. Breeder reactors use the output of
    conventional fission plants as fuel and the resultant waste,
    once reprocessed, has a half-life of a few centuries instead
    of hundreds of millenia.