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Friday, April 19, 2024

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Extreme Conditions Expose Basis Risk

Rack prices of heating oil pulled higher and higher away from the spot NYMEX HO (ULSD) futures contract price this heating season, eating into capped price program margins for gallons hedged only with paper (call options).
Rack prices of heating oil pulled higher and higher away from the spot NYMEX HO (ULSD) futures contract price this heating season, eating into capped price program margins for… https://oilandenergyonline.com/articles/all/extreme-conditions-expose-basis-risk/

How Energy Independent is America?

Growing U.S. oil production has led to recent calls by the oil industry to lift the 40-year-old ban on crude exports. At issue are U.S. policies that were enacted following the Middle East oil embargo back in 1973.
Growing U.S. oil production has led to recent calls by the oil industry to lift the 40-year-old ban on crude exports. At issue are U.S. policies that were enacted following the… https://oilandenergyonline.com/articles/all/how-energy-independent-america/

Managing Risk Means Managing People

Reducing risk in a fuel delivery operation – and insurance premiums – means paying attention to a lot of different details.
Reducing risk in a fuel delivery operation – and insurance premiums – means paying attention to a lot of different details. Oil & Energy recently caught up with Bill Braley,… https://oilandenergyonline.com/articles/all/managing-risk-means-managing-people/

Proposed Rule Would Shake Up Drug & Alcohol Testing

The Federal Motor Carrier Safety Administration has released the long awaited Notice of Proposed Rulemaking for the Department of Transportation Drug and Alcohol Testing Clearinghouse. Required by Congress and requested by industry figures, this regimen w…
The Federal Motor Carrier Safety Administration has released the long awaited Notice of Proposed Rulemaking for the Department of Transportation Drug and Alcohol Testing… https://oilandenergyonline.com/articles/all/proposed-rule-would-shake-drug-alcohol-testing/

Google Learns to Listen

Google is taking Internet search in a new direction that is changing the way marketers connect with prospects via the Google search engine.
‘Hummingbird’ algorithm rewards high-value content worthy of shares and retweets   Google is taking Internet search in a new direction that is changing the way marketers… https://oilandenergyonline.com/articles/all/google-learns-listen/

To Sell IAQ Effectively, Make a Business Plan

Home comfort contractors who want to succeed at selling indoor air quality (IAQ) services need to have a business plan that enables them to diagnose air quality problems and install solutions that address the problems they diagnose.
Home comfort contractors who want to succeed at selling indoor air quality (IAQ) services need to have a business plan that enables them to diagnose air quality problems and… https://oilandenergyonline.com/articles/all/sell-iaq-effectively-make-business-plan/

NEFI and MEMA Announce Private Association Health Insurance and Employee Benefits Marketplace

The New England Fuel Institute (NEFI) is pleased to announce that it has contracted with national employee benefit consulting firm gbac, inc. of North Haven, Conn., to launch a private health insurance and employee benefits marketplace for its members in …
The New England Fuel Institute (NEFI) is pleased to announce that it has contracted with national employee benefit consulting firm gbac, inc. of North Haven, Conn., to launch a… https://oilandenergyonline.com/articles/all/nefi-and-mema-announce-private-association-health-insurance-and-employee-benefits-marketplace/

Holding Onto a Margin Spike

Price volatility is typically regarded as a problem for heating oil retailers. When futures prices rise 7 cents in one day and there are two rack prices in that day, that’s a problem. When prices go up 12 cents in three days, that’s a problem. When prices…
Price volatility is typically regarded as a problem for heating oil retailers. When futures prices rise 7 cents in one day and there are two rack prices in that day, that’s a… https://oilandenergyonline.com/articles/all/holding-margin-spike/

Test for Leaks When Propane Service Is Interrupted

It is a well-known and accepted practice to perform a leak test on all new propane installations. However, to ensure the continued safety of existing propane installations, the importance of performing a leak test during all interruptions of service canno…
It is a well-known and accepted practice to perform a leak test on all new propane installations. However, to ensure the continued safety of existing propane installations, the… https://oilandenergyonline.com/articles/all/test-leaks-when-propane-service-interrupted/

HRVs: A Fresh New Heating Concept

Despite the relatively lower cost of heating a home today compared to the early ’80s, homeowners are still very interested in energy efficiency. We have boilers and furnaces capable of pushing 95 percent efficiency rates and considerably higher insulation…
Despite the relatively lower cost of heating a home today compared to the early ’80s, homeowners are still very interested in energy efficiency. We have boilers and furnaces… https://oilandenergyonline.com/articles/all/hrvs-fresh-new-heating-concept/

Furnace Makers Offer New Products, Personal Attention

Thermo Products, LLC, a manufacturer of warm air heating and air conditioning products, has developed a 95 percent AFUE oil condensing furnace that is Energy Star® qualified. “This is a testament to our commitment to bringing you the best products in the …
EDITOR’S NOTE: Thermo Products and Boyertown Furnace answered a recent call by Oil & Energy for information from furnace manufacturers. We asked them to tell us about their… https://oilandenergyonline.com/articles/all/furnace-makers-offer-new-products-personal-attention/

A Busy Energy Agenda for 2014

In January, a group of U.S. Senators announced their creation of a new Climate Action Task Force to put the climate change issue front and center.
In January, a group of U.S. Senators announced their creation of a new Climate Action Task Force to put the climate change issue front and center. Meanwhile, the president of… https://oilandenergyonline.com/articles/all/busy-energy-agenda-2014/

Lack of Readiness Delays CDL Rule Revisions

Don’t give up your Medical Certificate just yet. The Federal Motor Carrier Safety Administration has delayed implementation for another year.
Don’t give up your Medical Certificate just yet. The Federal Motor Carrier Safety Administration has delayed implementation for another year. The new medical certificate… https://oilandenergyonline.com/articles/all/lack-readiness-delays-cdl-rule-revisions/

Natural Gas Supply Into New England Appears to Max Out, Driving Gas Prices Higher

On December 30th Con Edison, National Grid and Orange and Rockland Utilities, Inc. (O&R) all notified their “interruptible customers” that they needed to stop burning natural gas on January 3rd, 2014 due to a forecasted cold air mass expected to envelop t…
On December 30th Con Edison, National Grid and Orange and Rockland Utilities, Inc. (O&R) all notified their “interruptible customers” that they needed to stop burning natural gas… https://oilandenergyonline.com/articles/all/natural-gas-supply-new-england-appears-max-out-driving-gas-prices-higher/

Making the Case for Oilheat

Associations file reports refuting the value of fuel conversion
Associations file reports refuting the value of fuel conversion   With state agencies in Massachusetts, New York and other states introducing plans to expand natural gas… https://oilandenergyonline.com/articles/all/making-case-oilheat/

Trunzo: What’s Up with NatGas Supplies During ‘Cold Weather’?

“Con Edison is interrupting Gas Sales and Transportation Notification Customers beginning Friday, January 3, 2014 at 1:00 A.M…” “…as a courtesy of National Grid. An interruption of natural gas service has been scheduled for all Temperature Controlled,…
EDITOR’S NOTE: During the extended stretch of polar vortex-induced cold that began in late December, utilities switched interruptible customers off of natural gas due to excessive… https://oilandenergyonline.com/articles/all/trunzo-whats-natgas-supplies-during-cold-weather/

State of Defense: Oilheat Dealers Work Together to Resist the Threat of Government-Sponsored Natural Gas Expansion

Officials in Connecticut, Massachusetts and New York are pursuing natural gas expansion.
Oilheat dealers are working together to defend the industry against a new generation of competitive threats launched by state officials trying to expand the natural gas footprint… https://oilandenergyonline.com/articles/all/state-defense-oilheat-dealers-work-together-resist-threat-government-sponsored-natural-gas-expansion/

Influence Your Customers

A Flexible Rewards Program Can Support Company Goals Year-Round
A Flexible Rewards Program Can Support Company Goals Year-Round   There are few things that affect a home comfort company’s bottom line more than the decisions that individual… https://oilandenergyonline.com/articles/all/influence-your-customers/

Don’t Fall Victim to Identity Theft

Like individuals, businesses can be exposed to serious financial problems
Like individuals, businesses can be exposed to serious financial problems   Identity theft is a very real and growing danger to the financial well being of thousands of… https://oilandenergyonline.com/articles/all/dont-fall-victim-identity-theft/

Why the Cash Crunch?

To overcome liquidity challenges, address the underlying problems
To overcome liquidity challenges, address the underlying problems   Another January is upon us, and this should be the time of year when fuel dealers are, at least… https://oilandenergyonline.com/articles/all/why-cash-crunch/

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