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Capital investment has been cut to the bone, leaving a capacity surfeit just as demand returns, meaning an extended period of tight supply and steady pricing.
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Valid pleasures snowball from sufficiency to surfeit.
A binge of borrowing and expansion left them with a surfeit of capacity heading into the recession of 2001-2, and their stocks tanked.
The audience will become surfeited with gore, with bad stories.
But the surfeit of regasification capacity has created opportunities to divert cargoes to the most lucrative market.
All of Europe's midprice carmakers are suffering from a sharp decline in sales and a surfeit of manufacturing capacity, but Opel's problems are among the most severe.
And even before the catastrophe in Japan, the nuclear industry as a whole had been suffering from a surfeit of generating capacity, the cheap price of natural gas and the high price of construction.
Standard flat silicon solar module prices have plummeted in 2011, thanks to a surfeit of worldwide factory capacity, weak economic conditions and declining government subsidies.
But an obsession with size and technological advances has saddled Chinese steel mills with a surfeit of high-end capacity and the equivalent of $400 billion in debt, leading to a drain on profits.
Snow Day Surfeit?
These are times of surfeit.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com