Abstract
Reid and Chiogioji described American industrial equipment as probably the most energy-inefficient in the world. Comparisons of energy consumption by major industries among various countries tend to verify this assertion. Energy, of course, is not the only factor of production which managers must consider. Labor, time, materials, and capital most also be conserved. When an industrial plant is built, its builders seek to minimize the total costs of all these factors combined. When most of America’s industry was built, however, oil cost $2.00 per barrel, and natural gas cost far less. The Great Embargo of 1973 and subsequent events made many of our industrial plants obsolete.
The [U.S.] industrial sector is faced with probably the most inefficient (in a technical sense) capital base of any industrialized nation in the world.
Robert O. Reid and Melvin H. Chiogioji in Energy Conservation and Public Policy, edited by John C. Sawhill (1979)
A major failing of present research programs is that the nation does not spend enough effort rediscovering and reorganizing existing technical knowledge.
Marc Ross and Robert H. Williams Our Energy: Regaining Control (1980)
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Gibbons, J.H., Chandler, W.U. (1981). Industrial Sector Conservation. In: Energy. Modern Perspectives in Energy. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-9209-9_11
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DOI: https://doi.org/10.1007/978-1-4615-9209-9_11
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