Where I live in Pennsylvania is pretty much the nation's pipe and tube capital.  The tube mills here that produce commodity pipe are struggling due to Chinese dumping.  (The mills that do custom sizes are in good shape and are working flat out.)  In fact there were just major layoffs because of the Chinese imports.  I doubt there is a shortage of drilling pipe.

Interestingly, the U.S. International Trade Commission found the Chinese to be involved in illegal dumping and recommended tariffs.  However, Bush refused to sign off on the ITCs recommendation.  Layoffs have resulted and the largest mill's owners put its plants up for sale.  Guess who came in as new owners?  Carlyle Group.

There is outrage from both labor and management against Bush.  (The quote in the local paper--"What is the reason for the layoffs?  Bush, Bush, Bush.)  Of course, the widespread opinion here is the whole reason Bush didn't sign off on the ITC's recommendation was to set up a sweetheart deal for the Carlyle Group.

Excuse me here if I'm wrong, but isn't a more likely reason Bush isn't moving on this because he's already had he's steel tariff fiasco, which was ruled illegal by the WTC?