Jim, I wish what you suggest is true.... but the cost of fuel to transport thousands of containers across the ocean is probably a very small component of the total shipping cost... so, even if fuel doubled, I can't see it rocking the shipping cost.
But for air travel, the opposite is true...., the fuel cost is a very significant cost of the travel, and Airliners have a very small base to amortize the fuel cost.... maybe a 100+ passengers and some on-board freight.
The shrinking value of our dollar is what the Asians fear most...