Monday, September 16, 2019

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Will a Personnel Shortage Threaten Your Season?

A simple solution might be right in front of you…
The biggest challenge facing fuel oil and propane dealers as they head into the coming heating season will not be supply, pricing, or pipeline gas conversions. The problem will be… http://oilandenergyonline.com/articles/all/will-personnel-shortage-threaten-your-season/

NEFI Announces New Advanced Education Programs

Updated Management and Executive Courses Address Leading Companies to a Successful Net-Zero Carbon Future
After a successful launch in 2019, NEFI Advanced Education announced that it will again offer the Management Development and Energy Leaders programs for 2019-2020. These sessions… http://oilandenergyonline.com/articles/all/nefi-announces-new-advanced-education-programs/

Connecticut Enacts Paid Family & Medical Leave

Withholdings begin January 1, 2021, benefits available January 1, 2022
This article was originally published by USI Insurance Services and is reprinted here with their expressed permission. On June 25, 2019, Connecticut Governor Ned Lamont signed… http://oilandenergyonline.com/articles/all/connecticut-enacts-paid-family-medical-leave/

VISIONS Conference Brings Marketers Together

NEFI Visions 2016 drew hundreds of energy marketers to the DCU Center in Worcester, MA, for two interesting days of education and networking. Hosted by New England Fuel Institute, the event received the support of many sponsors, including the Diamond S…
NEFI Visions 2016 drew hundreds of energy marketers to the DCU Center in Worcester, MA, for two interesting days of education and networking. Hosted by New England Fuel… http://oilandenergyonline.com/articles/all/visions-conference-brings-marketers-together/

Working the Margins

Hedging experts offer advice on managing multiple uncertainties regarding price, weather and a patchwork of sulfur specifications
Hedging experts offer advice on managing multiple uncertainties regarding price, weather and a patchwork of sulfur specifications Each heating season brings its share of… http://oilandenergyonline.com/articles/all/working-margins/

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/

Meeting the Recruitment Challenge

Ask any energy company owner about the biggest challenge they face, and the reply will likely be the difficulty of finding qualified workers to fill open positions. This growing disparity between the number of available jobs and the number of skilled work…
http://oilandenergyonline.com/articles/all/meeting-recruitment-challenge/

Good Bookkeeping Pays

Veteran energy marketer and consultant Sean Cota says fuel companies are complex operations, and owners need to implement effective bookkeeping and accounting practices in order to get a firm grasp on their costs.
http://oilandenergyonline.com/articles/all/good-bookkeeping-pays/

Avoid Double Taxation When You Sell Your Company

The successful rebound of the retail energy sector over the past two years has led to a surge in merger and acquisition activity. Many dealers are looking to exit the business while their companies can command top dollar, and others are just as eager to a…
http://oilandenergyonline.com/articles/all/avoid-double-taxation-when-you-sell-your-company/

Eric Slifka Offers Encouraging Words

Let me begin by thanking President Chris Herb and the entire Association for the opportunity to speak with you this afternoon. Before I get into my prepared remarks, we started out as a family home heating oil company in the retail business. My grandfathe…
http://oilandenergyonline.com/articles/all/eric-slifka-offers-encouraging-words/

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/

RINderella – A Fuel Story

“How do RINs work and who profits?” Those were the questions Sandra Dunphy attempted to answer at the Southern New England Energy Conference, September 25. It’s a tall order for anyone, because the Renewable Identification Number (RIN) market is notorious…
http://oilandenergyonline.com/articles/all/rinderella-fuel-story/

Prepare for New Overtime Rules

If you have salaried employees who are considered exempt from earning overtime pay, you need to know the rules are about to change.
http://oilandenergyonline.com/articles/all/prepare-new-overtime-rules/

Cheap Gas is Not Going Away, Now What?

The price advantage that pipeline gas currently holds over oilheat and propane is substantial. In many cases, a home can be heated by gas at half the price of oil or propane. It may be several years before the market returns to any sort of pricing parity.
http://oilandenergyonline.com/articles/all/cheap-gas-not-going-away-now-what/

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/

Breaking the Glass Ceiling

The discussion of women in the energy industry, especially at the downstream, retail level, seems at once overdue, important, and perhaps surprisingly unremarkable. There are vibrant, capable, intelligent women leading companies large and small, running o…
http://oilandenergyonline.com/articles/all/breaking-glass-ceiling/

Using Financial Data to Control Costs

Gaining the upper hand on your costs can sometimes seem like an overwhelming task. But by applying some common sense “best practices” to the way you collect, measure and apply the financial data found in your company’s books, you actually have an opportun…
http://oilandenergyonline.com/articles/all/using-financial-data-control-costs/

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