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

GlobalTranz

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. Drop in the price of crude oil. Rising costs of labor in China and other places.

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Interoceanic Passages

Abivin

This is due in part to the chokepoints they cause in the flow of global freight as well as the fact that they give people access to resources and commercial activity more effectively. The Iran-Iraq War, which lasted from 1980 to 1988, featured a "Tanker War" between Iran and Iraq between the years of 1984 and 1987.

Panama 52