On the steel beat
There may be other issues. There was once a time when the local steel industry was buoyed by the demand for steel pipe in the oil industry 30 years ago. There is similar talk about the pipe demand that could be generated by the great Marcellus Mania. Like the Great Recession I think that deserves being named a proper noun at this point. Someone please send a memo to the AP editors. but there is news from Texas that they need to replace all their steel pipes for natural gas with plastic. Again from the WSJ: Texas Railroad Commission considers replacing steel gas lines.
Speaking of Marcellus, there is news that local production is indeed increasing. For the severance tax, can't we just have some of this local gas delivered right to our gas companies as payment in lieu of taxes and have our gas bills lowered. All I know that if there is this big tsunami of natural gas underneath us then my gas bills in the winter better be lower in the future.
More steel: Some may have noticed the little bit of news of brewing trade war with China over steel. Things like that used to be front page stuff here. What I didn't get was that part of this was over the technology embedded in making steel rebar? I honestly can't quite tell if this item on Forbes is being completely facetious or not... it says rebar had technology developed by DARPA? Rebar? A fun read nonetheless. See: The Curious Case Of Anshan Steel And The Space-Age Rebar Technology.