Good News For Construction Companies
Posted on Jun 11, 2009 under Uncategorized | No CommentAccording to one analyst, higher natural gas and oil prices could boost the outlook for as many as six engineering and construction companies. The main assumptions are that oil prices will not drop below $60.00 a barrel into next year. It also includes an outlook that can sustain beyond the year 2010. This analyst also said that industrial demand in the USA remained somewhat weak and should not materially weaken any further. It is also been suggested that Federal stimulus spending could prompt additional construction spending by various Federal agencies. If true, this could offset the decline in state transportation spending. These new price targets make the assumption that regulators will continue to push renewable energy as one of the main power sources available to both businesses and residences.

