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And what is the impact on losing 1/3 of the steel production capacity? I don't think it would be catastrophic. After all, we're talking about a global naval blockade...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Wed Jul 21st, 2010 at 05:39:39 AM EST
[ Parent ]
Considering that China consumes a hell of a lot of steel itself... At least it would be catastrophic for the global iron ore industry. ;)

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Jul 21st, 2010 at 04:38:54 PM EST
[ Parent ]
How much of that steel ends up in products China exports? That is the relevant question, just as it is for energy.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jul 21st, 2010 at 06:21:09 PM EST
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