Profit margins are already higher than peers and margin expansion is likely based on decreased incentives and a movement away from speculative home building.
The prohibitive expense of building liquefaction plants will prevent any completely speculative developments, says Umberto Quadrino, the boss of Edison.
And in another New York project, a developer is constructing a speculative 400, 000-square-foot office building south of Union Square at 51 Astor Place.
As a consequence, the speculative panic over the implications for the oil market prompted simultaneous stock-building by Western governments and companies.