Posted by steve on 7/25/2009, 8:24 am, in reply to "Re: WP ORE"
Cap and tax is a very sharp two side sword. I believe any industry will suffer in this scheme. But if there is a way for even the most antiquated industries to make money be sure they will give it a try. After all WE THE PEOPLE are going to pay for the damn thing anyway.
In the case of WP yes that is probably a dead duck.
--Previous Message--
: Like it's been said in here
: previously, the Ohio valley mills,
: like the ones that used to line the
: Mon valley are outdated and have
: probably seen their last days.
:
: The integrated mills that we are
: referring to are dinosaurs as far
: as iron making is concerned. Modern
: steel mills have a much smaller
: footprint and usually produce iron
: via direct reduction, and doesn't
: need coke. If the whole cap in trade
: deal becomes a reality, you can bet
: the mills that you are referring to
: will be too polluting to operate
: under such framework.
:
: --Previous Message--
: Steve - Your first mistake was
: believing something you read in
: Railpace!
:
: --Previous Message--
: According to this edition of
: Railpace
: the ore HAD to be used. Evidently
: that was the reason of the move.
: Maybe there is hope for the plant.
:
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