A sold investment you've never heard of- Asphalt
By Yaser Anwar, CSC of Equity Investment Ideas
Asphalt prices are skyrocketing as costs for oil, a key component of the paving material, are near records. In some parts of the country, there are asphalt shortages. Both price and availability problems are forcing local governments across the USA to scale back or cancel road projects this summer, the main paving season in much of the country.
Nationwide, asphalt prices are up 42% in the second quarter from the same time a year ago, according to the Engineering News-Record.Asphalt is made from sand, gravel and other substances that are bound together by a goopy substance called liquid asphalt. Liquid asphalt is made from the remnants of oil after it is refined into gasoline and other products.
http://www.equityinvestmentideas.blogspot.com/
Asphalt prices are skyrocketing as costs for oil, a key component of the paving material, are near records. In some parts of the country, there are asphalt shortages. Both price and availability problems are forcing local governments across the USA to scale back or cancel road projects this summer, the main paving season in much of the country.
Nationwide, asphalt prices are up 42% in the second quarter from the same time a year ago, according to the Engineering News-Record.Asphalt is made from sand, gravel and other substances that are bound together by a goopy substance called liquid asphalt. Liquid asphalt is made from the remnants of oil after it is refined into gasoline and other products.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 12:55 PM
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