North American railroad companies have faced accelerating slowdowns, with volumes falling faster than executives had predicted, according to report on Bloomburg Business. With energy companies scaling back drilling after prices for the commodity fell about 50 percent since July, industry executives and analysts anticipated that demand for hauling crude and extraction materials such as frac sand and pipes would slow…
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Associations Spar on Asphalt Prices
Despite falling oil prices, the cost of paving with asphalt continues to rise across the U.S., according to a recent analysis from the Portland Cement Association (PCA). PCA stated that asphalt prices have reached record highs during the last six months.
Read MoreDrop in Oil Prices Brings Uncertainty
According to Business Insider, the global collapse of oil prices may have a bigger impact on the shale boom than anyone realizes. However the biggest threat may not be to the existing wells in the U.S., but the untapped resources around the world.
Read MoreThis Week’s Market Buzz
There’s been a lot of talk recently about how the frac sand industry will be affected by the recent drop in oil prices. But overall experts are saying frac sand miners shouldn’t be worried, there’s no evidence of a slowdown in Wisconsin, and it’ll take a lot more than a temporary drop in oil prices to change the demand for…
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