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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
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Evidentially, the Rust Belt of the U.S., will, according to some economists, have a resurgence. Why? Because if the price of oil keeps increasing, it will be economically unfeasible to receive steel made in the Far East to be shipped to the US. In short, it will be cheaper to buy American-made steel because of its close proximity to not just the States, but Europe as well.
A lot depends on this: 1) price of oil; 2) the health of the real estate and construction industry...
But at least it was somewhat hopeful news in light of a less-than-stellar American economy.
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The Terror of Tiny Town
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