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Author Topic: America's Biggest Asphalt Plant Is Shutting When the Country Might Need It Most  (Read 748 times)

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Offline endicom

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America's Biggest Asphalt Plant Is Shutting When the Country Might Need It Most
« on: February 07, 2017, 01:18:58 am »
Bloomberg
Robert Tuttle
Feb. 3, 2017

Axeon Specialty Products LLC is shuttering the U.S. largest asphalt refinery when the country might need it the most.

The Stamford, Connecticut-based company announced last month it plans to close its Paulsboro, New Jersey, refinery, and convert it into a terminal. The planned shutdown comes as President Donald Trump has pledged to build new roads, highways and bridges across the country. The U.S. would need 63 percent more asphalt than its consumes now just to pave roads at the rate it reached a decade ago, Energy Information Administration data show.

Any new road building runs up against the question of funding and a simple pledge isn’t enough to keep Axeon’s plant running, Gurpal Dosanjh, Bloomberg Intelligence analyst, said in a phone call from New York.

More... https://www.bloomberg.com/news/articles/2017-02-03/trump-plans-road-building-as-biggest-u-s-asphalt-plant-shuts


Cowbell won't do.
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Online Hoodat

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Re: America's Biggest Asphalt Plant Is Shutting When the Country Might Need It Most
« Reply #1 on: February 07, 2017, 01:42:13 am »
It is amazing what a $1.8 billion tax hike can destroy.
« Last Edit: February 07, 2017, 01:42:50 am by Hoodat »
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

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Offline endicom

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Re: America's Biggest Asphalt Plant Is Shutting When the Country Might Need It Most
« Reply #2 on: February 07, 2017, 02:22:17 am »
Quote from: Hoodat on February 07, 2017, 01:42:13 am
It is amazing what a $1.8 billion tax hike can destroy.


New Jersey?

Increasing taxes never boosts an economy.
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