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Article: Inland insider: are higher oil prices here to stay?(At a Glance)
- Article from:
- Workboat
- Article date:
- October 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Diversified Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The good old days of cheap gasoline, under $2 a gallon, appears to be over! Prices for commodities such as oil are set by supply and demand, and recent oil prices--over $47 a barrel--indicate that world oil supply is stretching to keep up with the demand. A similar and even more exaggerated situation exists for scrap metal. Prices are now upwards of $300 per ton compared to $70 per ton in the recent past.
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It's expected that cheerleaders for the brownwater sector will be dusting off those old "fuel efficiency" arguments again. There is fuel efficiency in dock-to-dock movements, but when fuel-guzzling truck hauls are included, the ...