[TheForge] Price of steel & scrap-OT
Craig Schaefer
[email protected]
Fri Apr 9 23:04:01 2004
I hate to keep this thread going, but the rise in refined petroleum
prices comes from increase in the raw material price PLUS
refineries aren't being built because of the environment and expense.
Every time there is a refinery failure, investors see a possible short
supply and therefore the price goes up.
Build a refinery in your back yard.
CraigS
Andy Vida wrote:
>Peter Fels And Phoebe Palmer wrote:
>
>
>>Final note; In reality OPEC members havn't really cut production and
>>probably won't... many of them cheat on the quotas....PF
>>
>>
>
> Then why the enormous price incereases? Why, indeed.
> What about coal, now reportedly going for $450/ton?
>
> Something's going on. Perhaps the days of cheap
> conventional energy are over? What a bloody shock
> we may be in for.
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