Over the course of the Nineteenth Century, that industry experienced a naturalconsolidation with better transportation, bigger cities, bigger commerce, it was only natural that distilling would commercialize.
Eli Noam, the director of Columbia University's Institute for Tele-Information, calls the consolidation a natural evolution to achieve scale and diversify risk.
Regulation is a natural barrier to market consolidation across borders, but a second force bears on securities markets in exactly the opposite way: technology.
U.S. support for the Nabucco line would not only ensure true European energy diversity through fair competition, but also prevent the consolidation of the natural gas industry for decades to come.