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Monday, May 6, 2024

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Plan Ahead, Now or Never

Strategic planning is more critical than ever for energy companies
Strategic planning is more critical than ever for energy companies The demands of running a fuel oil or propane business today are more complex and are changing more rapidly… https://oilandenergyonline.com/articles/all/plan-ahead-now-or-never/

Managing Through the Coronavirus Crisis

How to mitigate the impact on your company
As bad as the winter was in terms of warm weather and lower fuel sales, it pales in comparison to the global health and economic crisis brought on by the coronavirus. For… https://oilandenergyonline.com/articles/all/managing-through-coronavirus-crisis/

4 Reasons to Take Our Energy Survey

For the past 28 years Gray, Gray & Gray has conducted an annual survey of energy retailers.
For the past 28 years Gray, Gray & Gray has conducted an annual survey of energy retailers. The results have created an industry-leading database of information and benchmarking… https://oilandenergyonline.com/articles/all/4-reasons-take-our-energy-survey/

The Typewriting Is on the Wall

Message for fuel dealers reads, “Adapt or Die”
Remember when typewriters could be found in every office? These once ubiquitous machines have been replaced by personal computers and laser printers. What lesson can a fuel oil or… https://oilandenergyonline.com/articles/all/typewriting-wall/

Inside the SECURE Act

Recently enacted legislation could lead to lower cost employee benefits
The passage of the Setting Every Community Up for Retirement (SECURE) Act, which was signed into law in late December 2019, has the potential to make a significant impact on small… https://oilandenergyonline.com/articles/all/inside-secure-act/

Would a Joint Venture Work for Your Company?

Exploring the increasingly popular middle ground between buying and selling
The retail energy industry is in the midst of a period of consolidation. Due to a number of factors, the pace of buying and selling activity has increased significantly over the… https://oilandenergyonline.com/articles/all/would-joint-venture-work-your-company/

Why Now is the Best Time to Buy Equipment

Thinking about adding a new truck to your delivery fleet? Need to upgrade your service vans? Does your office building need a new roof? Now is the time.
Thinking about adding a new truck to your delivery fleet? Need to upgrade your service vans? Does your office building need a new roof? Now is the time. As we plunge into a new… https://oilandenergyonline.com/articles/all/why-now-best-time-buy-equipment/

The Future Is Now

Next Gen Leaders & Women in Energy position fuel professionals for success
The 2019 HEAT Show kicked off Sunday, September 15 with the launch of the Next Gen Leaders Program, a series of education sessions structured around the needs of the industry’s… https://oilandenergyonline.com/articles/all/future-now/

What Kind of Acquisition Will You Make?

Know how to structure the deal and the reasons behind it
Did you know that there are two distinct types of acquisitions in the energy industry? And the type of acquisition you make will affect your negotiations when striking a deal.… https://oilandenergyonline.com/articles/all/what-kind-acquisition-will-you-make/

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… https://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… https://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… https://oilandenergyonline.com/articles/all/connecticut-enacts-paid-family-medical-leave/

Record Turnout for Women in Energy Conference

Tough talks and words of wisdom at the highly attended fourth annual event
A record number of attendees joined Women in Energy for their annual conference held Sunday, May 19 and Monday, May 20 at the Hershey Lodge & Convention Center in Hershey, PA. The… https://oilandenergyonline.com/articles/all/record-turnout-women-energy-conference/

How I Spent My Summer Vacation

Four things to do this summer to prepare for next winter
Are you enjoying a leisurely summer? Not likely. The “dog days” are no time to slack off when there is so much work to do to get ready for the upcoming heating season. Just as our… https://oilandenergyonline.com/articles/all/how-i-spent-my-summer-vacation/

Gray, Gray & Gray 2019 Energy Industry Survey Results

Retailers report better marketing, wider margins and bigger plans for the future
Gray, Gray & Gray, LLP Certified Public Accountants, of Canton, Massachusetts, has released the results of the firm’s 2019 Energy Industry Survey. The survey, which has become a… https://oilandenergyonline.com/articles/all/gray-gray-gray-2019-energy-industry-survey-results/

NEFI Energy Leaders Program Declared an Overwhelming Success

See more images from the NEFI Energy Leaders Program in the Oil & Energy Online Photo Gallery NEFI held its Energy Leaders Program March 31-April 5 at the Revers Center for Energy, part of the Tuck School of Business at Dartmouth College. Led by Tuck f…
NEFI held its Energy Leaders Program March 31-April 5 at the Revers Center for Energy, part of the Tuck School of Business at Dartmouth College. Led by Tuck faculty, this weeklong… https://oilandenergyonline.com/articles/all/nefi-energy-leaders-program-declared-overwhelming-success/

Is Now the Right Time to Acquire Another Company?

Acquiring another propane or fuel oil company can be a great way to grow your business. Expanded revenues and a larger geographic footprint can help boost efficiencies and contribute to a stronger bottom line. But any merger or acquisition must be approac…
Acquiring another propane or fuel oil company can be a great way to grow your business. Expanded revenues and a larger geographic footprint can help boost efficiencies and… https://oilandenergyonline.com/articles/all/now-right-time-acquire-another-company/

Treasury Issues Final Rules on 20% Business Tax Deduction

In January, the Treasury Department issued final regulations and other guidance on a substantial provision of the Tax Cuts and Jobs Act (TCJA). The bill allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 per…
In January, the Treasury Department issued final regulations and other guidance on a substantial provision of the Tax Cuts and Jobs Act (TCJA). The bill allows owners of sole… https://oilandenergyonline.com/articles/all/treasury-issues-final-rules-20-business-tax-deduction/

Make a Good Year Even Better

Another heating season has come to a close, and many fuel oil and propane dealers across the northern U.S. are pleased with the outcome. While snowfall amounts may have frustrated skiers by coming up short of expectations, temperatures did not disappoint.…
Another heating season has come to a close, and many fuel oil and propane dealers across the northern U.S. are pleased with the outcome. While snowfall amounts may have frustrated… https://oilandenergyonline.com/articles/all/make-good-year-even-better/

6 Signs You Should Sell Your Business

The only thing harder than knowing the right time to start a business is recognizing when to sell it. Choosing to sell the fuel oil or propane company that you have nurtured and guided for so long can be a difficult decision. There are practical considera…
The only thing harder than knowing the right time to start a business is recognizing when to sell it. Choosing to sell the fuel oil or propane company that you have nurtured and… https://oilandenergyonline.com/articles/all/6-signs-you-should-sell-your-business/

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