Final Thoughts

Senator Vitter also told the group that the mid-term elections may force the president’s hand on the Keystone Pipeline approval. A bill has already passed the House of Representatives and if the Senate goes Republican there are enough Democrats to pass a bill in the Senate with the 60 votes needed.

So, as they say in the South – go to the polls and vote early and vote often… (my words not the Senator’s).

What is coming along with the energy revolution is an industrial renaissance. Denise Palmer Huggins with the Center for Energy Economics at the University of Texas pointed out 123 huge industrial projects which are on the drawing boards and most of them will ultimately be built if the price of natural gas remains reasonable and government red tape doesn’t become too onerous. She also pointed out that there will be a lot of natural gas exported to Mexico via pipeline.

Paul Lowrey has been doing some research on the size and scope of the energy markets and he has told me that energy is now the largest consuming segment of steel industry surpassing automotive and the current construction market. He has promised to write an article on the topic for Steel Market Update in the not too distant future.

Tell your friends, suppliers and customers about Steel Market Update. If your recommendation ends up landing us a new subscriber (member) we will reward your company with a $100 credit which can be used on any workshop, conference or for renewal (or expansion of existing membership) within 12 months of the credit being issued. We appreciate your help and all of your kind words and testimonials.

As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher