With the cost of oil hovering around $50 a barrel, economists are projecting both positive and negative effects on a national and global scale. But how will lower oil prices affect construction, an industry that’s looking for a big year, and heavily reliant on fuel for transportation, heavy equipment and more?
ENR.com attempted to answer this question in the recent article, Contractors Get Reprieve at the Pump.
While responses are mixed, we thought you’d find the perspectives interesting as you look forward to the building season. What do you think? Share your thoughts with us in the comments below.
The post How Will Lower Oil Prices Affect the Construction Industry? appeared first on ModSpace Blog – Construction News, Updates & Insights.