You nailed it Joe!
Laminations in electric motors and transformers are sized and designed for 60 cycle.
This will probably be a big boost to the power correction industry. Gonna cost a lot of money to “clean up” the power coming into your plant, office, etc.
Thousands of pump jacks, pulling oil from the depths, are powered by electric motors. Those motors aren't cheap.
The oil industry remains, despite the open and numerous attacks by the Obama Administration, the bright and shining economic engine driving relative prosperity in those few areas independent of government jobs which have not been dragged into the swirling vortex of the Obama economy.