Jason Kottke has a good analysis of Apple’s announcement to bring some of their manufacturing back to the US (whereas today everything is “Designed by Apple in California — Made in China”). But it’s not all good news:
So basically, energy in the US is cheap right now and will likely remain cheap for years to come because hydraulic fracturing (aka fracking aka that thing that people say makes their water taste bad, among other issues) has unlocked vast and previously unavailable reserves of oil and natural gas that will take years to fully exploit. A recent report by the International Energy Agency suggests that the US is on track to become the world’s biggest oil producer by 2020 (passing both Saudi Arabia and Russia) and could be “all but self-sufficient” in energy by 2030.
Strange and interesting times are ahead.