Ohio is one of the "Rust Belt" states here in the Midwest that thrives on the auto Industry. Our small rural towns are economically energized by small maunufacturing companies that supply the Big Auto makers. Along with supporting the domestic Companies in Detroit, we are also home of Honda North America. When the auto industry slows down...then the troubles flow down stream to the Mom and Pop machine shops, metal stampers, plastic injection molders...etc. London, is caught in the middle of Dayton's Delphi market and Marysville's Honda plants. This is a never ending cycle that rises and falls with the economy. This story will fit nearly any town in IL, IN, or MI...just substitute "London" for ...say "Grand rapids", or "Ft Wayne".
So...who's controlling this cycle...?? Right now, it is easy to point the finger at the Gas/
Oil suppliers...you know, the ones that are reporting a 2 million-bazillion dollar profit for last quater.
It's funny how the prices increased due to "Katrina" damage to Gulf facilities...but now that they are about to come back on line, don't expect prices to fall because these facilities only provide a small percentage of the US demands. How is making up these rules???
ErrrG!