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Rather, the latest surge is the result of tighter market conditions this summer and concerns about insufficient supplies.
Nevertheless, as inherited overcapacity is eroded and new market-based environmental regulation takes effect, tighter market conditions are to be expected.
Though California deregulated into a much tighter market, its regulators offered no such incentive, relying entirely on the market to secure adequate supplies.
Expanding in Canary Wharf, where the bank has its main operation in Britain, would have meant higher rents, pricier services and a tighter market for talent.
"A tighter market has actually been positive for us," said the financier Ryan Kavanaugh, who structured Gun Hill and several other deals.
"By the end of this year the shadow space will have disappeared," he said, "and it will be a tighter market by the fourth quarter".
Similar(44)
"Biofuels are contributing to higher prices and tighter markets".
It is clearly worried that mounting public anger will lead to tighter marketing restrictions, even for adults.
Madhusoodanan's group pushes for fast food companies to be subject to tighter marketing and health standards.
"The tight market is affecting everyone.
"That's healthy for this tight market.
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