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Author Topic: Chinese wages up 16% annually...  (Read 1005 times)
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WhiskeyGirl
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« on: October 29, 2012, 09:57:41 AM »

This is from an article about energy production.

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This is happening just as other clusters of manufacturing - machinery, electrical products, transport equipment, furniture, etc - are "re-shoring" back from from China to the US. A 16pc annual rise in Chinese wages over the last decade has changed the game. PricewaterhouseCoopers calls it the "Homecoming".

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America produced 81pc of its total energy needs in the first six months of this year, the highest since 1991. Citigroup thinks US ouput of crude and eqivalents will top 15.6m b/d by 2020, adding up to 3.6m jobs through multiplier effects. North America as a whole will reach 27m b/d - with Canada’s oil sands and Mexico’s deepwater fields - making the region a "new Middle East".

The implications are momentous. America will no longer need a single drop of oil from the Islamic world.

For some reason, Obama seems to be in shut down mode.  I recall that he cancelled leases, put blocks on new drilling, anything to make America's future brighter.

Are the jobs going to the US or Mexico? 

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Germany seems to think it can power Europe’s foremost industrial machine from off-shore wind in the Baltic, without the high-voltage wires running from North to South yet built or on track to be built. "It is a religion, not a policy," said one German official privately, warning that his country is already "very near blackouts". He fears an almighty national disaster.

How long before the US has blackouts?  I don't see the trick down energy anywhere.  Just day after day of bankruptcies and tax credits for hedge funds.

read more here -http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9639192/Europe-left-behind-as-shale-shock-drives-Americas-industrial-resurgence.html
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