Are the wolves of Siberia crying out to us, announcing the coming Armageddon of the gem diamond business as we know it, with a collapse of prices, and the destruction of the downstream diamond industry structure?

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At the moment, the government subsidizes the downstream sector of the petroleum industry and dictates the price of fuel products, a move which Dangote says has impeded growth in the sector.

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But by the early 1900s, the bottom of the river had been scraped and flattened to allow for the logging industry to float timber downstream.

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Demand for palladium-process catalysts in the chemical industry should also rise, driven by downstream demand for packaging and textiles, particularly in Asia.

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The well-being of the petitioning industry is all that matters and the collateral damage to downstream industries and the overall economy is to be ignored.

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ConocoPhillips is at the forefront of the debate in the oil industry, having decided to get rid of its lower-margin downstream business and concentrate on exploration and production.

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Many in the oil industry have rejected the integrated model, with Conoco Phillips, for example, spinning off its downstream business.

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