Why Houston businesses are expressing optimism about 2023
Economists can predict what 2023 will bring in terms of economic activity, only to have unexpected events such as war or natural disaster upend all those educated guesses. So, to get a sense of what the Houston economy can expect in the coming year, Chronicle reporters asked a sampling of businesses what steps they had taken to prepare.
“They just do not deliver to us. There are always mess ups and mix ups with Tesla,” he said. “We had to pivot completely from them. They have partners around the world, and we’re just a little shrimp to them, so we pivoted to a better product that can supply and give us what we need.” “We’re hoping to do damage control. I don’t know how much we can change the course. The White House has been very effective in its messaging, and we’re feeling beaten down by Washington and Biden.
“If there is a recession that is significant enough to impact the demand for hydrocarbons, then it probably would impact us. Oil and gas companies are looking to increase production in 2023 and some of the work that we're doing is to reduce their carbon footprint as we go through these projects, such as electrify pumping stations where they're running off either compressed natural gas or diesel.
Allford’s company builds robotic machinery for multiple industries, including oil and gas, defense and electric vehicles. Most of ARC’s machines are custom built to go into factories building equipment for those industries, but recently Allford has observed a new trend.In the oil and gas industry, his team is helping to assemble the third robotic riser system for an offshore drilling platform – and they’re working on a fourth.
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