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The Changing Face of Manufacturing: How US Manufacturers are Looking Homeward

Cerasis

With the rise in global crude oil production and relative political stability in the major oil producing nations, particularly Iraq and Libya, the price of crude oil has fallen from above $100 a barrel to around $50 a barrel in just a year. However, industries that depend on natural gas, such as metal and chemical manufacturers, will have more to gain by reshoring than continuing to stay where they are.