Quote:
Originally Posted by Bunk
Thanks everybody. I’ve heard a few politicians and pundits suggest that even with higher prices, this could be a “jobless recovery” in the patch - with so much emphasis on keeping costs down, companies will realize good profits, but not necessarily ramp up any spending or hiring. What does the brain trust think of this assertion?
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I would guess that with transportation still a bottleneck for the foreseeable future there won’t be any big expansion projects. Replacement, optimization and maintenance yes, but not a return to boom. Maybe a new normal if the price stabilizes?