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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (32840)	11/26/2004 1:28:27 AM
From: marcos	Read Replies (1) \| Respond to of 39344

Well don't worry about oversupply for a few months anyway, the whole coast is three quarters shut down, bottom fell out of the market during october [roughly], the loonie went up while lumber went down hard [expressed in usd] ... combined with the tariff situation, it was deadly for several operations i know .... only since last november or so has there been much for positive economics in the industry, before that for years the coast was running well below capacity ... it's always like that, blink and you miss the good parts .... actually, some of the logging that will be done in the spring will be strictly to fulfill three-year cutting plans, parts of them that were postponed earlier due to sick markets and the US tariffs .... so 'oversupply', i don't think so ... the interior is another matter, bug-kill comes into that, what do you do, leave good wood to rot on the stump after the bugs kill it? North America is barely self-sufficient in lumber, you know, and the US consumes half again as much as it produces, they have to import from somewhere .... the thing is, demand is up and down like a yo-yo, wild cyclical swings, often quite unpredictable, there are long periods of low prices, so when there comes a hot market with a chance of a profit margin the supply comes on strong, whoosh ... then there's oversupply, for a bit, sure A lot of forestry has been done poorly, yes, i'll agree with you there, that applies to every nation on the planet .... it can be done better, though, and in a lot of respects it is done better now than it was years ago, here on the coast ... more land should have been left wilderness near what are now major population centres [those massive clearcuts we call 'Vancouver' and 'Victoria'], imho, but it's a bit late now [by a century or so] ... this is all kind of off-topic, i only posted to get in that Apocalypse Cow line, really .... can't believe you guys getting sniffy about loggers, we're on a thread devoted to ripping the guts out of Mother Earth, for chrissakes, and that's a non-renewable thing that a few years of rain and sunshine won't fix up nicely .....