Sponsored by Oregon Business

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...

The week journalism died

Linda Baker
Sunday, February 15, 2015
deadjournalismthumbBY LINDA BAKER | OB EDITOR

As the investigation against the governor moves forward, those of us in the news business should reflect on our own potential for subverting the democratic process.


Read more...

Meeting Facilities Perspective

March 2015
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR

A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.


Read more...

Letting Go

April 2015
Friday, March 27, 2015
BY AMY MILSHTEIN

As baby boomers sell their businesses, too many forget the all-important succession plan.


Read more...

Opening soon: 3 of the coolest new breweries in Oregon

The Latest
Thursday, March 19, 2015
brewthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

There are 278 companies licensed to operate as brewery, according to the Oregon Liquor Control Commission. Here are three new beer-making hubs slated to open soon.


Read more...

Thy neighbor's house

March 2015
Friday, February 20, 2015
BY LINDA BAKER | OB EDITOR

Vacasa may lack the name recognition of Airbnb. But not for long.


Read more...

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


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