Notes from the Trenches (3)

Article source: ConstructConnect

• What is one to make of half-its-old-price gasoline? In theory, it sounds great. But you just know there are a lot of ‘buts’ to go with it. The reason petrol is so cheap is because individuals are not commuting to places of employment and tourists aren’t traveling. And because Saudi Arabia is pumping out more oil than usual to grab additional market share. Certain states and provinces are quite dependent on tax and royalty revenues from energy production. Texas, Louisiana, Colorado and North Dakota in the U.S. and Alberta, Saskatchewan and Newfoundland and Labrador in Canada are hurting. In the U.S., it’s the airline industry that needs rescuing. In Canada, it’s the fossil fuel sector.

• Some surprising enterprises are becoming public service companies. Take WalMart. WalMart’s initial expansion into communities far and wide across the U.S. and Canada was met with criticism on the grounds that it was driving main street retailers out of business. Now, with many smaller shopkeepers forced to shut down for a different reason, i.e., as a health measure, WalMart has become the nearest thing possible to a last resort for consumers needing essential personal care and grocery items. Not everyone is buying everything over the Internet.

• Bill Gates, a man who’s shown considerable insight in the past, is telling anyone who asks his opinion that he expects the coronavirus crisis to last six to ten weeks. Six weeks was the experience in China. The possible longer duration of ten weeks is presumably because the personal interaction restrictions in the province of Wuhan, China were more severe than are currently in place in North America. By comparison, we only think our movements are being seriously limited.

• Speaking of relaxed restrictions, Sweden is going a different direction than nearly every other nation. The Swedish government has taken a stand against gatherings of 50 people or more, but schools and restaurants are being allowed to stay open. There’s lots of concern that this will take Sweden to a very bad place. It’s not as if the country isn’t already struggling with COVID-19 cases and mortalities.

• The present circumstances present a substantial disincentive to commit a crime. Within its tight confines, a prison is not the place where you want to weather out the coronavirus crisis.

Tags: banking, bids, cement, Construction, coronavirus, COVID-19, developers, Economy, lumber, recovery, steel, tenders

Category: ConstructConnect

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