It now moves by rail, but the nation's railroads have no spare capacity.
FORBES: Magazine Article
It now moves by rail, but U.S. railroads have no spare capacity.
But this would leave the global oil supply with little or no spare capacity and thus unable to cope with any other disruptions.
WSJ: Daniel Yergin: What's Behind Rising Gas Prices?
During the 1980s and 1990s, when commodity prices were low, mining and oil firms invested too little in new mines and wells, leaving them with little or no spare capacity.
ECONOMIST: Commodities
Their economies have little spare capacity and no reason to keep monetary or fiscal policy at emergency settings.
ECONOMIST: Tightening economic policy
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