[TheForge] Price of Copper

[The Millers]

All metal prices, energy prices etc are sky rocketing to to support  
the exponential growth in China and India.

If it wasn't for the HUGE trade deficit with China  it wouldn't be as  
bad.

All of those ships full of Mal-Wart, etc. cheap goods have to go back  
to the motherland full.

Full of coal, scrap iron, raw timber, untanned animal hides, COPPER,  
and anything else needed to drive economic growth.

In my day job I am responsible for the operation and maintenance of  
the utility plants for the University of Cincinnati.

When I started in that role in 2002, we were paying about $28 a ton  
for compliance grade low sulfur coal.

Today we are paying $121 per ton!!!

Natural gas was $3.50 / MCF in 2002, it is not hovering around $8,  
etc. etc.

We are rapidly becoming a third world country.

We used to export finished goods and import raw materials.

Now we import finished goods and export raw materials.............the  
classic definition of a third world country.




On Apr 23, 2007, at 5:25 PM, Jerry Smith wrote:

> Folks,
>
> I thought scrap copper was like a buck something a
> pound, today I found out it's like $2.50 a pound.
> We had somebody in the middle of the night drop a span
> of telephone trunk, and actually did it very
> professionally. From this mills people were walking
> out with rolls of copper wire and other stuff.
>
> So why is copper prices going thru the roof? I
> actually make stuff out of copper as part of my work.
>
> Jerry
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