Manufacturing Industry
Strategies for survival.
Manufacturing Business Technology, November, 2006
By Cole Ollinger, Senior Contributing Editor
Short term, prices may fluctuate, but over the long haul manufacturers must prepare for higher energy costs
High energy cost is a painful fact of life for American manufacturers, and looks to remain so for the foreseeable future.
The U.S. Department of Energy (DOE) says costs are up 23 percent in the last year. The long-term trend is more alarming. From November 2001 to May 2006, natural gas prices doubled from $4 to nearly $8 per million BTUs, and oil prices quadrupled from $17 to $65 a barrel. Gas prices more than doubled in roughly the same period, though, like oil prices, have since fallen from their peak.
According to the annual Labor Day report from the National...
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