Without cheap(er) energy, manufacturing will never return to this country en-masse.
If we look at declining energy costs combined with rising labor costs in Asia-Pacific, the conditions are shaping up nicely for a manufacturing renaissance in America.
Just my humble opinion based on what I'm reading. I could be wrong.
Yabut....will they use robots...or union thugs?
If we look at declining energy costs combined with rising labor costs in Asia-Pacific, the conditions are shaping up nicely for a manufacturing renaissance in America.
Just my humble opinion based on what I’m reading. I could be wrong.
.............
Yes, I think you’re right. There is an economic reversal in the works as big as what happened during the 1970’s when you US oil production peaked, saudi oil production zoomed upward and the first OPEC oil strike came and pushed up oil prices.
The Renaissance in manufacturing will not be limited to oil/natural gas intensive industries. But that’s another story.