Global trade vulnerable to high oil

The Globe and Mail: Global trade vulnerable to high oil:
by Heather Scoffield -- Sept 9, 2005
"The price of oil is poised to climb so high that it may dramatically change the dynamic of global trade and force companies to look closer to home for imports and exports, says a new paper by CIBC economists.
North American traders will be lured back to Mexico and Latin America and away from China and Asia, at least for some types of goods, as oil makes shipping costs prohibitive, say Jeff Rubin and Benjamin Tal, economists at CIBC World Markets."