Rising energy costs pinch profits

| Print |  Email
Saturday, April 01, 2006

Almost 70% of the 715 respondents to our online survey conducted by Conkling Fiskum & McCormick say rising energy prices have cut their profitability, but many also say they have not made any significant changes because of it.

“Changing behavior takes time,’’ notes deputy state economist Dae Baek. “In the short run, there is only so much you can do. ”

Baek says higher energy costs have had a surprisingly minor impact overall on the state economy because oil and natural gas prices are likely to stabilize, the global economy is doing well, and consumer spending is rebounding.

Steve Grover, with economic consulting firm EcoNorthwest in Portland, agrees the “playing with pain” attitude isn’t surprising because businesses put energy costs in perspective.

One surprise for Grover is the support for nuclear energy, coming from a state that has fought nuclear power. He says it shows respondents are being open-minded about options to reduce energy costs.
Grover adds that given the high level of interest (80%) for tax incentives, businesses should contact groups such as the Energy Trust of Oregon, the Northwest Energy Efficiency Alliance and Portland’s Office of Sustainability to get information on existing energy tax credits, incentives and energy cost-saving measures.

— Robin Doussard

View slideshow

{safe_alt_text}

To participate in the Input survey, send an e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it with “Input survey’’ in the subject line.

 

More Articles

Downtime with the executive director of Greater Portland Inc.

April 2015
Thursday, March 26, 2015

Janet LaBar, Executive director, Greater Portland Inc.


Read more...

Banking Perspective

April 2015
Thursday, March 26, 2015
BY KIM MOORE

A conversation with Craig Wanichek, president and CEO of Summit Bank.


Read more...

Power Players

April 2015
Friday, March 27, 2015
BY ROBERT MULLIN

A new energy-sharing agreement sparks concerns about independence and collaboration in the region's utility industry.


Read more...

5 ways successful people kickstart the day

The Latest
Thursday, April 02, 2015
coffeethumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Are mornings the most productive part of the day?  We ask five successful executives how they get off to a good start.


Read more...

Oregon businesses face destruction from future earthquake

The Latest
Wednesday, May 20, 2015
htctthumb1BY KIM MOORE | RESEARCH EDITOR

An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.


Read more...

Knight Cancer Challenge No Biotech Dream

May 2015
Monday, April 27, 2015
BY JOE CORTRIGHT

The Knight challenge is an important instance of philanthropy. But we should not assume it will magically transform OHSU into a business- and job-spinning engine for the local economy.


Read more...

Downtime with the director of Barley's Angels

May 2015
Monday, April 27, 2015
BY JACOB PALMER

Live, Work, Play with Christine Jump.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS