Will higher oil prices bring jobs back home?

If it becomes much more expensive for companies to produce goods over seas and transport them back to the US, will they begin to bring production back to the US? Or will prices just rise universally? Or is the cost in oil offset by the cheaper labor prices? Anyone know?

What happens when we can't get plastic products anymore? Think about places like Walmart and KMart, etc. How much of what they sell is oil-based- plastics, paper products that must be refined, etc? It really does undermine just about all of the goods sold in many markets... where does this leave us? How do we all wind up? Glass bottles and bicycles, but where beyond that?

in a positive way.
Higher oil prices affect jobs WORLDWIDE in a negative way. If energy
prices are passed onto consumer goods, then prices go up...ergo
inflation. Guess what happens when companies cannot sell their goods?
;)

but I'm no economist.

Inflation is back the news again as its seen as a major worry for the 1st time in 20 years. The US inflation rate was 1.9% for 2003, but inflation has jumped by a huge 4.4% in the 1st quarter of 2004 alone.

If Greenspan is willing to sit on his hands for Bush re-election purposes, we'll see inflation eroding peoples' savings and earnings. This will see a steeper fall in the US$, the economy overheating and tipping into recession just in time for Kerry being in office.