'oversupply' is a correct and usable word in written English.
It is a noun which means an excess of something so it can be used to describe a situation where the amount of something is greater than the amount that is needed or wanted. Example sentence: The store had an oversupply of winter coats and had to drastically reduce prices in order to get rid of them.
Australia's No 3 iron ore producer, Andrew Forrest, founder of Fortescue Metals, has launched the Our Iron Ore campaign against multinational companies such as Rio Tinto and BHP Billiton which he says are "choosing to oversupply the iron ore market in the medium term".
"But it's also about jobs and at a time when we have 21% and rising youth unemployment in Britain, what is the sense of having yet more oversupply in the unskilled labour market in this country?
GaveKal, a consultancy, calculates that after a decade of undersupply, China's housing market is now shifting to "structural oversupply".
Global gambling firms' share prices have fallen sharply this year because of fears over Vegas and signs that revenue growth in Macau, Asia's booming gambling capital, will slow (see chart).All this coincides with the industry's biggest-ever building spurt, raising the spectre of oversupply.
So carbon prices have collapsed, falling from $20 a tonne in August 2008 to below $5 now (see chart).An oversupply of permits to pollute is an endemic problem.
If Latin America does not invest more to grow its educated middle class, demography may push the continent into a worst-case scenario where there is, at the same time, both an undersupply of skilled labour and an oversupply of unskilled labour.
That oversupply feeds the black market: last year 11m Americans used illicitly-acquired prescription painkillers, more than the number who used cocaine, ecstasy, methamphetamine and LSD combined.
Mr Kohl is surely thankful for effective ministers (they are not in oversupply), but not for one who gets too big for his army boots.
Fears of a renewed slowdown in global trade accelerate the rush to find economies of scale.Freight rates have plummeted in recent months, thanks to weakening demand and an oversupply of container ships, many of them ordered in the optimistic years before 2008.
The appearance of such cheap wine in America, however, is something new, made possible by an unprecedented oversupply of grapes in California.
In future, there will be deflation, oversupply and a lack of speculators.This is, to some extent, a familiar theme across much of East Asia.
