Monday, September 16, 2019

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Industry’s Approach on Tanks Is Much Improved

We’ve come a long way! In 2003 the National Oilheat Research Alliance (NORA) embarked on a program to assure that fuel oil storage tank systems were properly installed and maintained. The program was developed in conjunction with the Institute for Busi…
http://oilandenergyonline.com/articles/all/industrys-approach-tanks-much-improved/

Make Your Numbers Count

Does it feel like the margin for error in your business keeps getting smaller? If so, you’re not alone.
http://oilandenergyonline.com/articles/all/make-your-numbers-count/

EPA Reduces RFS Volumes

In November, the Environmental Protection Agency (EPA) released its proposed volume requirements for the 2014 Renewable Fuel Standard (RFS). The proposal would scale back next year’s total renewable fuel volumes from 18.15 billion gallons to 15.21 billion…
http://oilandenergyonline.com/articles/all/epa-reduces-rfs-volumes/

Associations Convene for First Southern New England Energy Conference

Marketers from Connecticut, Rhode Island and Massachusetts convened recently for the first Southern New England Energy Conference. Held at the Mohegan Sun hotel and casino in Uncasville, Conn., the two-day event was a joint production of the Connecticut …
http://oilandenergyonline.com/articles/all/associations-convene-first-southern-new-england-energy-conference/

EIA Publishes Favorable Price Forecast

Heating oil marketers got some good news last month when the U.S. Energy Information Administration (EIA) predicted that heating oil costs would drop this winter while natural gas heating costs would rise. EIA forecasted household heating costs in its …
http://oilandenergyonline.com/articles/all/eia-publishes-favorable-price-forecast/

Hedge Insite Helps Fuel Marketers See Ahead

Hedge Insite is a risk management tool that helps fuel marketers peer into the future and evaluate their hedging positions and improve profitability. Oil & Energy recently caught up with Hedge Insite’s managing partner Richard Larkin to learn more about t…
http://oilandenergyonline.com/articles/all/hedge-insite-helps-fuel-marketers-see-ahead/

‘Squeeze the Tube’ for Your Customers

You know how when a tube of toothpaste starts getting low, you squeeze the tube to get the last little bit of toothpaste out? It was easier to do back when the tubes were metal, because you could roll them up and really get that last little drop. Today th…
http://oilandenergyonline.com/articles/all/squeeze-tube-your-customers/

FMCSA Announces 17 Minor Rule Changes

While the rest of the government was shut down, the Federal Motor Carrier Safety Administration quietly issued a large number of small rule changes to comply with this summer’s MAP-21 Transportation bill. Below are the 17 rule changes FMCSA has made to …
http://oilandenergyonline.com/articles/all/fmcsa-announces-17-minor-rule-changes/

Think Tanks

In November 2013 Leading experts offer advice on fuel storage and security
http://oilandenergyonline.com/articles/all/think-tanks/

What is ‘Goodwill’ and How Can I Get Some?

One of the most important factors in making an oilheat or propane business more valuable is “goodwill.” While you can easily tally up the value of your delivery trucks, parts and product inventory, equipment and real estate, these assets can all be dwarfe…
http://oilandenergyonline.com/articles/all/what-goodwill-and-how-can-i-get-some/

How to Determine Company Requirements Under ACA

Many employers rely on seasonal workers. As a member of CEMA it is fair to say that the winter season is such a time for our industry. How does the Affordable Care Act (“ACA”) apply to these seasonal employees that many of you have retained from year to y…
http://oilandenergyonline.com/articles/all/how-determine-company-requirements-under-aca/

Device Improves Fuel Economy by Changing Fuel’s Structure

A Connecticut company is marketing a fuel modification device that can help heating oil customers save 10 percent or more on fuel bills by deriving more heat from the fuel. The Fitch Fuel Catalyst (FFC), created and marketed by Advanced Power Systems I…
http://oilandenergyonline.com/articles/all/device-improves-fuel-economy-changing-fuels-structure/

Propane Tank Locks Deter Theft and Unauthorized Fills

Lock America offers two types of propane tank locks to help marketers discourage unauthorized fills and prevent tank theft.
http://oilandenergyonline.com/articles/all/propane-tank-locks-deter-theft-and-unauthorized-fills/

Revamp Your Receivables

AROUND FOUR YEARS AGO, SOS XTREME Comfort, of Tuxedo Park, N.Y., decided to partner with AVATAS Payment Solutions, of Newton, Mass., to gain assistance in their receivables process. Like many heating fuels companies, SOS had grown into the habit of extend…
http://oilandenergyonline.com/articles/all/revamp-your-receivables/

Marketers Come to Terms With Obamacare Requirements

ALTHOUGH THE FEDERAL IMPLEMENTATION OF the Affordable Care Act (ACA) has been a struggle, company owners are not excused from their obligations under the law, and many are already being forced into the mar- ketplace as some carriers cancel existing health…
http://oilandenergyonline.com/articles/all/marketers-come-terms-obamacare-requirements/

Five Reasons to Work With a Financial Advisor

Old habits die hard.” For better or worse, this well-worn phrase applies to many who operate in the fuel distribution industry. Certain habits have helped dealers run consistently efficient operations and maintain a solid customer base despite increased c…
http://oilandenergyonline.com/articles/all/five-reasons-work-financial-advisor/

When Failure Is Not An Option

Knowing what we know about Ted Burke today, if you were growing up with him he just might have been one of those kids who was game for anything. Eat that bug? Sure. Jump out of that tree? OK. Put a tack on the teacher’s chair? Sounds like fun.
http://oilandenergyonline.com/articles/all/when-failure-not-option/

Regulators Rule on Conn. Natural Gas Expansion

Energy marketers in Connecticut face a long, tough battle with the natural gas utilities after state regulators gave their preliminary approval to a plan to grow the state’s natural gas customer base. Chris Herb, President of the Connecticut Energy Mar…
http://oilandenergyonline.com/articles/all/regulators-rule-conn-natural-gas-expansion/

New SMS Requirements Are Just Common Sense

THE FEDERAL COMMUNICATIONS COMMISSION’S (FCC’s) new rules on business-to- customer text messaging might send a chill up your spine, but compliance is easier than you might think.
http://oilandenergyonline.com/articles/all/new-sms-requirements-are-just-common-sense/

Blend With Care

Bulk plant operators can prevent fuel quality issues, avoid downtime and even reduce insurance premiums by attending to the details of fuel blending and storage, according to Brian Savage, President of Savage Associates, specialists in petroleum storage a…
http://oilandenergyonline.com/articles/all/blend-care/

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