Rising oil prices likely to effect Pollution and Flow Control markets

Ardslo writes:
According to Robert McIlvaine, President of the McIlvaine Company, the steeply rising cost of oil will reduce investment in energy intensive industries in the U.S. and Europe. This means that suppliers of pollution and flow control equipment to the pulp and paper, steel, mining, chemical, and cement industries will have to reduce their forecasts in these markets.