Turner Valley Oil and Gas Inc (TVOG)

[rockman213]

Rebound in North America will drive demand

North America is a major asphalt consumer because of the need for maintenance on the massive regional network of roads and highways (nearly 90 percent of which is in the US). Asphalt demand in the US is forecast to rebound from the sharp declines seen between 2005 and 2013, driven by stronger economic growth and increased construction activity, and demand in 2019 is expected to surpass the 2009 level. The US is also a significant consumer of asphalt for roofing products, and demand for those products will rise with rebounding building construction expenditures.