Those nosebleed oil prices are putting a strain on businesses (and individuals too). As a result, a curious, though not unexpected trend is emerging says this ABC News report. Manufacturing jobs are starting to trickle back into the U.S. prompting some to toss around the notion of reverse globalization.

As the cost of shipping continues to soar along with fuel prices, homegrown manufacturing jobs are making a comeback after decades of decline. The cost of oil and shipping leads some companies to bring jobs back home.

While it once cost $3,000 to ship a container from a city like Shanghai to New York, it now costs $8,000, prompting some businesses to look closer to home for manufacturing needs.

Read the rest of the report and view the accompanying video here. And a note to the ABC News web folks... Shame on you for that one-sentence Page 2!

[via Slashdot]