Editors Blog


Murphy's Law: Solar Power: Recession or Growth?

March 3, 2008

Solar power companies from the 1970s are getting back in the picture and some have even resurrected old manufacturing facilities. As oil prices are hovering around the $100/bbl mark, investment in solar power is surging.

There is some more good news at a time when everyone is whispering the “R” word. According to a recent forecast from a panel of economists, a recession is not eminent. Among the panel of 49 National Association for Business Economics economists surveyed, about 45 percent said they believe a recession will have occurred by the end of this year. But most believe it will be short-lived. The remaining 55 percent said a downturn will be relatively muted - in other words, growth will slow to a crawl, but the U.S. economy will likely avoid a recession.

Couple some slow growth with high energy prices, and it is quite true that necessity is the mother of invention. Investments in new technologies will have an affect on the HVAC industry, whether directly or indirectly.

There will be a lot of new and old ideas tossed around about alternatives, even corn cob burning furnaces.

My idea is to leave a little corn on that cob while we’re heating the house and squeeze out some of granddaddy’s good old Kentucky shine.
You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.

Podcasts

NEWSMakers: Clint Schreck

Clint Schreck, general manager, Columbus Worthington Air, Columbus, Ohio, discusses winning Angie’s List Super Service Award, how to handle online reviews, and much more.

More Podcasts

ACHRNEWS

NEWS 05-25-15 cover

2015 May 25

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Legislation and Regulation

What legislative/regulatory issue is most important to you as a HVAC business owner?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con