U.S. Manufacturing costs are almost as low as China’s, and that’s a very big deal

ERIE, CO - APRIL 23: An oil derrick rises up in Erie City Park where maintenance is being done to the well on the site Thursday morning, April 23, 2015. The Erie city council narrowly voted against a moratorium on fracking in the small town in oil and gas rich Weld County. (Photo by Steve Nehf/The Denver Post via Getty Images)