Holding the Maya
After reaching a zenith of 3.46 million bbls/day in late 2003, Mexico’s crude oil production has declined. At the…
Associated Press: Energy Recovery Discloses Expected IPO Terms
“The AP reported that ERI, which manufactures desalination equipment, announced the terms of its planned initial public offering. “Based…
Asphalt Weekly Monitor
- Wholesale asphalt supply remains tight in US and Canada.
- Heavy rains cause flooding in much of the Midwest.
- High water levels…
Why is the Oil Price High and What Can Be Done About It?
To give some perspective on the many intertwined factors that continue to push oil’s price to ever loftier levels,…
Asphalt Weekly Monitor
- East Coast retail prices increase to $500/ST or higher.
- East Coast barge prices go higher on reported sales.
- Asphalt prices continue…
No Longer Kings of the Road
In a huge upset, it was recently announced that sales of Ford’s dominant F-series truck lagged smaller, more fuel…
The New Republic: The Road to Hell Is Unpaved, Due to High Oil Prices
“The New Republic reported on the soaring cost of road paving. “The mix used to resurface roads consists of…
USA Today: Oil Prices Seep into Asphalt Costs, Detour Road Work
“USA Today reported on the “soaring prices of oil-based asphalt.” ‘The mix used to resurface roads consists of gravel…
Tipping a Balance
In tightly balanced tanker markets, any ripple in either short-term vessel supply or demand can potentially swing freight rates…
Asphalt Weekly Monitor
- Paving work slows at week’s end due to upcoming US Memorial Day Holiday.
- East Coast retail prices stable to firm…
