Pricing power remains limited in an environment of global excess capacity and a strong dollar.
He does not expect global spare capacity to return to a normal level until 2008 at the earliest.
Q. Is there a need to reduce global capacity?
Auto industry deals actually taking place now are unlikely to reduce excess global capacity.
By 2002, more than a third of the global capacity for the industry was membrane-cell based.
We're on course to reduce the global carrying capacity to something less than 1 billion humans sometime after 2050 to 2100.
Eighteen months ago, for example, American companies commanded just 2 percent of the global capacity for advanced battery technology.
Moderate estimates for global capacity by 2020 are 711 GW.
Our demand for petroleum products strains the limits of the global capacity to supply them.
Looking at global capacity is more reflective of reality.