“We are constantly in a volatile situation because of the tight worldwide supply-and-demand balance.”
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“We havent had one built here in 29 years. This is simply a supply-and-demand issue.”
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“Its important to understand that even under the best circumstances we have a real supply imbalance that is growing every day.”
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“The place we are in took at a long time to get to and it will take a long time to get out.”
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“Costs fluctuate every day, almost every hour. You would have to assume that every other relevant factor . . . would remain the same to know how much prices would fall.”
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“If you look at old pictures of China, they are all riding bikes. Now, they all drive cars.”
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“Clearly, there is something the market is responding to. But there is nothing specific that Ive heard.”
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