From the world's oversupply of terrorists to its paucity of energy supplies, the current deformations of the Middle East promise a worsening, not an improving, situation.
The glut in domestic US shale gas is being relieved by a recent law allowing gas and oil export for the first time since the energy crisis of the 1970's.
The member continued that there was still a structural problem of excess supply in some materials industries, and inventory adjustment might be prolonged as nonviable firms were continuing a high level of production in a bid to survive.
In March, President Trump welcomed any country with whom the United States shares a security relationship to discuss alternative means to address the oversupply challenge.
The move came as China tries to digest the over-supply of photovoltaic products in the domestic market after demand from major export destinations-- the European Union and the United States-- faltered due to trade rows.
The persistence of high U.S. output in first half of 2019, when global consumption was growing at the slowest rate since 2014 and before that 2012, contributed to significant oversupply.
Over-capacity, high input costs, intense competition and a negative policy and regulatory environment conspired to threaten the viability of virtually the entire aviation value chain.
The world diamond industry continued to contract in 2019 in the wake of oversupplies and tightening credit, but the major auction houses still made headlines with extraordinary offerings.
At the same time, energy markets are adjusting effectively to nearer-term challenges, with the oil market in particular adjusting in 2016 to the oversupply that has dominated the market in recent years.
On the other hand, for Offshore Support Vessels, while business expanded in the North Sea, the excess supply of vessels impacted heavily on fiscal year 2016 income.
Let me deal very directly with the issue about steel, because we discussed today the importance of the steel industry, and I want a strong and robust British steel industry, and we discussed the problem of global oversupply.
It successfully developed one material after another and created new markets; however, as the markets expanded and more producers appeared, those products soon became generic, resulting in a vicious circle of market saturation, oversupply, and price declines.
China's economic standstill has dragged on, leaving global steel supply in excess of demand, and prices for coking coal and other natural resources suddenly began soaring toward the end of the year, all of which led to significantly higher costs for steelmakers.
For countries like China, which have been buying US bonds only because they have such a glut of dollars from the US trade deficit, the motivation to buy US bonds vaporizes when they no longer have a glut and the dollar begins to drop at an accelerating rate.
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