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

That's Not a Watch (This Is a Watch)

February 2015
Tuesday, January 27, 2015

Smartwatches are all the rage. But old-fashioned timepieces keep on ticking.


Read more...

ZoomCare rolls out new on-demand health clinics

News
Monday, March 02, 2015
zoomcarethumbBY KIM MOORE |  OB RESEARCH EDITOR

Portland-based healthcare provider ZoomCare said it plans to “remake American healthcare” by expanding its on-demand urgent care model to emergency, surgery, dental and primary care, among others.


Read more...

10 quotes explaining crisis at Port of Portland

The Latest
Friday, February 20, 2015
022015 port portland OBM-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The ongoing labor disputes at the Port of Portland came to a head two weeks ago when Hanjin, the container port's largest client, notified its customers it would be ending its direct route to Oregon.


Read more...

The Carbon Calculus

February 2015
Friday, January 23, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Carbon pricing is gaining momentum in Oregon, sparking concern for energy-intensive businesses — but also opportunity to expand a homespun green economy.


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...

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...

The 100 Best Companies to Work For in Oregon

March 2015
Thursday, February 26, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Employment in Oregon is almost back up to prerecession levels — and employers are having to work harder to entice talented staff to join their ranks. This year’s 100 Best Companies to Work For in Oregon project showcases the kind of quality workplaces that foster happy employees. 


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