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Saturday, June 15, 2024

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Maximize Social Security Benefits

Social Security is a mystery to many Baby Boomers, but it is important to understand the rules in order to maximize one’s benefits. This is the message delivered by Gray Equity Management’s Daniel C. Romano during a seminar at the recent Southern New Engl…
Social Security is a mystery to many Baby Boomers, but it is important to understand the rules in order to maximize one’s benefits. This is the message delivered by Gray Equity… https://oilandenergyonline.com/articles/all/maximize-social-security-benefits/

Eric Slifka Offers Encouraging Words

EDITORS NOTE: Eric Slifka, CEO of Global Partners LP, delivered the keynote address at the recent Southern New England Energy Conference, held in Newport, R.I. The following is a… https://oilandenergyonline.com/articles/all/eric-slifka-offers-encouraging-words/

Taking a Fresh Look at Your Business

Chances are you are not managing your oil or propane company the same way you were running things 10 or 20 years ago. But did you arrive at the current state as a result of deliberate changes, or by happenstance? Did you purposely evolve the business to a…
Chances are you are not managing your oil or propane company the same way you were running things 10 or 20 years ago. But did you arrive at the current state as a result of… https://oilandenergyonline.com/articles/all/taking-fresh-look-your-business/

Cold Weather Improves Margins

Gray, Gray & Gray, LLP Certified Public Accountants, Westwood, Mass., recently released the results of the firm’s 23rd annual Oilheat Industry Survey. The survey was distributed to retail fuel oil and propane dealers throughout the Northeast and Mid-Atlan…
Gray, Gray & Gray, LLP Certified Public Accountants, Westwood, Mass., recently released the results of the firm’s 23rd annual Oilheat Industry Survey. The survey was distributed… https://oilandenergyonline.com/articles/all/cold-weather-improves-margins/

Marketers Discuss Diversification

Executives from energy companies discussed diversification during a panel discussion conducted at the recent 2014 Visions Conference.
Executives at three Northeast energy companies discussed their experiences with diversification during a panel discussion conducted at the recent 2014 Visions Conference.… https://oilandenergyonline.com/articles/all/marketers-discuss-diversification/

Avoid a Big Tax Bite When Selling Your Oilheat Business

For somebody in my line of work there is no worse feeling than walking into the closing of the sale of a business, only to have the seller turn to me and ask, “How much will I have to pay in taxes?” Argh!
For somebody in my line of work there is no worse feeling than walking into the closing of the sale of a business, only to have the seller turn to me and ask, “How much will I… https://oilandenergyonline.com/articles/all/avoid-big-tax-bite-when-selling-your-oilheat-business/

Maintaining Momentum Into the Next Heating Season

As I write this in late May there are still nights when my home heating system clicks on to fight off the late spring chill. Sales of both heating oil and propane were significantly stronger this year, and margins for most dealers remained steady.
The 2013-2014 heating season was one of the longest and coldest – and consequently one of the most successful – in recent memory. As I write this in late May there are still… https://oilandenergyonline.com/articles/all/maintaining-momentum-next-heating-season/

Offer Customers the Financing They Prefer

Full-service fuel marketers need to offer customers good options for financing purchases of heating and cooling equipment, or they risk losing sales, according to a prominent energy efficiency financing expert.
Full-service fuel marketers need to offer customers good options for financing purchases of heating and cooling equipment, or they risk losing sales, according to a prominent… https://oilandenergyonline.com/articles/all/offer-customers-financing-they-prefer/

NEFI, Powderhorn Develop Affinity Program

NEFI ProGuard Plus provides broad range of home warranty products
NEFI ProGuard Plus provides broad range of home warranty products New England Fuel Institute member companies will soon be able to offer customers warranty protection on home… https://oilandenergyonline.com/articles/all/nefi-powderhorn-develop-affinity-program/

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.
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… https://oilandenergyonline.com/articles/all/cheap-gas-not-going-away-now-what/

Choosing the Best Customers

Growing the customer list – a retail energy company’s most valuable asset – is the most important task facing the owner or manager of any oilheat or propane business. More customers mean more revenue, which leads to higher profits. It is a simple equation…
Growing the customer list – a retail energy company’s most valuable asset – is the most important task facing the owner or manager of any oilheat or propane business. More… https://oilandenergyonline.com/articles/all/choosing-best-customers/

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/

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/

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/

Defined Contribution Adds Flexibility for Employers, Employees

The concept of Defined Contribution (“DC”) has been utilized for years in cafeteria and 401(k)/retirement offerings. Defined Contribution or DC is a dynamic change to the manner in which employee benefits, specifically health insurance, will be offered as…
EDITOR’S NOTE: The following article is adapted from the Connecticut Energy Marketers Association CEMA Pipeline newsletter with the permission of the Association and GBAC. The… https://oilandenergyonline.com/articles/all/defined-contribution-adds-flexibility-employers-employees/

How to Determine Company Requirements Under ACA

How does the Affordable Care Act (“ACA”) apply to seasonal employees that you retain from year to year?
EDITOR’S NOTE: The following article is adapted from the Connecticut Energy Marketers Association CEMA Pipeline newsletter with the permission of the Association and GBAC. Many… https://oilandenergyonline.com/articles/all/how-determine-company-requirements-under-aca/

Marketers Come to Terms With Obamacare Requirements

Regional heating and energy associations provide assistance for members to meet Affordable Care Act (ACA) 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… https://oilandenergyonline.com/articles/all/marketers-come-terms-obamacare-requirements/

Nurture Your Workforce

What are some of the key company paybacks for investing in employees and employee relations?
What are some of the key company paybacks for investing in employees and employee relations? The companies in your audience pretty much sell the same products as their… https://oilandenergyonline.com/articles/all/nurture-your-workforce/

How Much Should You Pay a Salesperson?

Maintaining a steady flow of new oilheat or propane customers, along with equipment sales and service, is the lifeblood of any retail energy company. Unless you have the time to spend seeking out prospects and following up sales leads, having a sales staf…
Maintaining a steady flow of new oilheat or propane customers, along with equipment sales and service, is the lifeblood of any retail energy company. Unless you have the time to… https://oilandenergyonline.com/articles/all/how-much-should-you-pay-salesperson/

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…
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… https://oilandenergyonline.com/articles/all/revamp-your-receivables/

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