Expensive Oil and the Analogue World

Fascinating stuff:

We usually think about technological improvements in productivity as benefiting the highly skilled and educated, and disenfranchising the poorly skilled and uneducated, but what I find most interesting about globalization in an era of $127 dollar-a-barrel oil is that blue-collar workers who make physical things in the West will stand to benefit, newly protected from foreign competition by energy tariffs, while white-collar workers who live off their wits will still feel the immense pressure of competing with everyone else in the world.