Home Archives April 2006 Rising energy costs pinch profits

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

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


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