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USA - Low Energy Prices Offer Supply and Demand Side Opportunities
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U.S. energy prices have been on the decline in 2015, with robust domestic production and record inventories for natural gas and crude oil exerting downward pressure on the energy complex as a whole. But end-users should be careful not to fall into the trap of assuming prices will be low forever. Energy markets have demonstrated over time an ability to quickly change course, even as fundamental indicators seem to suggest limited price risk moving forward. Strategic buyers should view the current low-priced environment as an opportunity to evaluate long-term energy procurement goals and consider steps that can be taken to ensure favorable pricing in the coming years.
As energy management continues to evolve, it is increasingly important to tie supply-side opportunities to demand-side initiatives, and now is a great time to be evaluating investments that can be made to manage energy consumption in the future. From efficiency projects and building automation to performance optimization and intelligent services, many manufacturers have been successful in reinvesting dollars saved on today’s energy costs into projects that will allow greater control of usage for years to come.
Source: The Aluminum Association
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