Even higher fuel costs seen

Despite a decrease in US energy consumption and the discovery of new oil fields in the Western world, energy costs will continue to be a major problem in 1981, according to a survey of purchasing managers by Purchasing World magazine.

The survey showed that buyers expect the average energy increase to be around 15 percent with increases in electricity predicted to range from 8 to 20 percent , fuel oil from 7 to 20 percent, coal 8 to 10 percent, and natural gas 8 to 14 percent.

"Electricity, natural gas, and other energy costs have been rising twice as fast as the average raw material or component part and I see nothing on the immediate horizon that suggests any meaningful improvement," said the purchasing director of one energy intensive firm.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK