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The sharp rise in the real price of oil has taken it up to or above the levels seen after the second oil crisis of the late 1970s (depending on the currency considered) and has been, to say the least, somewhat disruptive to a world which had anticipated relatively cheap oil, probably for the indefinite future. At the very least, it is hard to imagine that some major consuming countries would have saved as little as they did, had they given proper attention to oil's status as an exhaustible resource. In this commentary the current situation is viewed from that perspective. The short-term impact of high oil prices is discussed on pp. 34–8.

Cover -- Half Title -- Title Page -- Copyright Page -- Original Title Page -- Original Copyright Page -- Table of Contents -- Preface -- ACKNOWLEDGMENTS -- INTRODUCTION -- Chapter 1. FERROUS SOLID RESIDUALS -- Types of Residuals -- Recycling versus Disposal -- Types of Scrap -- Automobile-Derived Scrap -- Chapter 2. A QUALITATIVE INTRODUCTION TO THE FERROUS SCRAP INDUSTRY -- The Generation of Raw Scrap -- Scrap Processing Equipment -- Chapter 3. PROCESSED FERROUS SCRAP GRADES AND STEEL SCRAP QUALITY -- Definitional Problems in Grading Scrap -- Scrap Grades and Associated Processes