Fuel Crisis May Boost Manufacturing
The recent surge in oil prices has shocked the Golden State, but painful as they may be, higher oil prices present California with an opportunity in unexpected quarters: the state's manufacturing base.
The days of cutting lumber in the Pacific Northwest, shipping it to China for production and sending it back to Pleasanton as a new dining room table are almost over, now that shipping a container from Shanghai to Oakland costs $8,000, compared with $3,000 a decade ago.
Source: San Francisco Chronicle
