In Mr. White's analysis, the vacant space resulting from exporting jobs offshore is more likely to amount to 10 million square feet a year, rather than 50 million.
The offshore sector is more vulnerable, as it is much more difficult to protect.
"Why on earth would you go offshore, which is more expensive, when you still haven't developed North Dakota?" In Rhode Island, a $200 million, 28.8-megawatt demonstration project being developed in state waters by Deepwater Wind was tripped up late last year when the local utility, National Grid, declined to enter into an agreement to buy power from the project, citing its "unreasonable" cost.
Unification of onshore and offshore markets is more important than a floating exchange rate in determining whether the International Monetary Fund will include the renminbi in the basket of currencies used to determine the value of its reserve asset, the Special Drawing Right.
In this case, the offshore difference is more than ten times larger.
In addition, according to the finalized working plan, the resource utilization at different stages can be used as a reference for equipment, material and labor plan, which reduces the possibility of work shutdown as the offshore traffic is more demanding compared to that onshore.
Just like with traditional offshoring, settling disputes is more challenging when the provider may be on a different continent, which is all the more reason to limit the degree to which the customer has to trust the provider.
A buyer of flexible pipe for offshore oil rigs is more interested in pipe than anything else in the world.
"We're very concerned about the widespread use of offshore accounts — there is more than a trillion dollars on account in the Cayman Islands," he recently told the Park River Independent Democrats, who seemed baffled by the revelation.
Designing for offshore wind energy is more challenging than for onshore wind energy, not least because it involves integration of several major elements from different suppliers.
