Major difference
1) iron is a plentiful resource in Australia and BRIC countries (Brazil, Russia, India & China),
2) oil is comparatively quite scarce and can be found in generally geopolitically unstable countries such as Saudi Arabia, Russia, Iran, Iraq, UAE, Venezuela, Kuwait, (NAFTA: US, Canada & Mexico, China & Norway being the exception & relatively lower producers compared to the others).
Consumers are different too. Fe consumers are generally steel mills with purchasing power whereas utilities companies have usually less purchasing power & r subject to roving shortages & price impositions by regulators like the Economic Regulation Authority, IPART and the ESC.
WPL Price at posting:
$36.35 Sentiment: Hold Disclosure: Not Held
ORG Price at posting:
$11.13 Sentiment: Buy Disclosure: Held
STO Price at posting:
$7.29 Sentiment: Buy Disclosure: Held
