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NEFI Joins Coalition Effort to Double Funding For LIHEAP Before Fall
SPCC: 347,5,53: NEFI Offers Vital Compliance Seminar on SPCC Rule (Deadline July 1st 2009)
Biodiesel Pump Labels Now Available!!!
Industry News
Global Announces Informational Seminar On Heating Oil Market
News From NEFI
NEFI's Executive Committee Meeting and Open Board of Directors Meeting, July 23, Warwick, RI
News from NORA
U.S. & Regional Fuel Stocks
Link to N.E. State News
Visit the NEON Archive
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Stop Excessive Speculation Act: S. 3268
On Wednesday July 16, 2008 another bill directed at reducing excessive speculation was introduced. This new proposal is the product of collaboration between Democratic Senators Harry Reid of Nevada, Charles Schumer of New York, Byron Dorgan of North Dakota and Patty Murray of Washington State. The Stop Excessive Energy Speculation Act of 2008 (S. 3268) would, as proposed, address issues that many consider necessary to combat speculation. It would require the CFTC to categorize only those investors who buy or produce petroleum to be considered legitimate hedgers (in contrast with those seeking only financial gain) and would require the CFTC to enforce position limits. A key objective within this legislation is to help the CFTC obtain information on trades, as much of the problem with policing markets is a lack of 'transparency.' Ideally, market regulators will be able to better run the market place by having timely, accurate data. To this end, S. 3268 will close the 'London Loophole,' a technicality which has allowed traders to conduct business outside the reach of the CFTC (MarketWatch, Laura Mandaro). Debates are expected to begin the week of the 21st. NEFI members should expect to hear more about this as developments occur.
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NEFI Joins Coalition Effort to Double Funding For LIHEAP Before Fall
Considering the market situation for heating fuels, especially heating oil (up 55 percent since January) and Natural Gas (up over 80 percent since January), funding for the federal Low Income Home Energy Assistance Program (LIHEAP) is more important than ever. NEFI has joined an array of industry and low income advocacy groups in the national LIHEAP coalition in support of S.3186/H.R.6427, the "Keep Warm in Winter, Cool in Summer Act." The bill would provide an additional $2.53 billion for LIHEAP in the current fiscal year, adding to the $1.98 billion already appropriated to states by Congress and $516.7 million in emergency funding released to states by the President. The LIHEAP coalition is pushing hard for this bill, and NEFI is doing its part to help. CALL YOUR MEMBER OF CONGRESS and ask them to co-sponsor this bill! Visit www.capwiz.com/nefi
Northeastern states would benefit from the additional funding as follows:
NORTHEAST STATE, POTENTIAL BENEFIT IN S.3186/H.R.6427
Connecticut.....$59,797,655
Delaware.....$10,504,003
District of Columbia.....$4,417,781
Maine.....$36,596,392
Maryland.....$52,460,930
Massachusetts.....$98,973,680
New Hampshire.....$27,079,492
New Jersey.....$80,311,579
New York......$250,435,966
Pennsylvania.....$210,357,690
Rhode Island.....$21,088,119
Vermont.....$20,567,956
Virginia.....$59,805,322
West Virginia.....$15,394,074
NEFI CONTACT: Jim Collura, VP for Public Policy (jimcollura@nefi.com)
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SPCC: 347,5,53: NEFI Offers Vital Compliance Seminar on SPCC Rule (Deadline July 1st 2009)
As we went to press, there were 347 days, 5 hours and 53 minutes remaining until the SPCC compliance deadline. See the countdown clock at www.nefiactioncenter.com. The NEFI Legislative & Regulatory Action Center is offering an online webinar on compliance with the EPA Spill Prevention, Control and Countermeasure (SPCC) regulations. The FINAL deadline for conforming to the new amendments to the rule and completing the SPCC plan revision and implementation is July 1st, 2009. This rule applies to all owners and operators of petroleum bulk plants that store 1,320 gallons or more in above ground storage. The webinar will feature NEFI Regulatory Council Mark S. Morgan, Esq. (NEFI's compliance attorney) and Tim Laughlin, of the North Carolina Petroleum Marketers & Convenience Store Association, an SPCC expert and engineer in NC and VA. Attending the Webinar is simple: Anyone with internet access can participate. All that is required is a password and a telephone number to dial in (obtained from NEFI after registering).
PLEASE REGISTER ASAP!!! The Webinar will be held on JULY 24, 2008 AT 10:00AM and will take an hour to two hours to complete. The cost for NEFI members is $30 and for non-members is $350.
Members of National Oilheat Research Alliance (nora-oilheat.org) associations and PMAA associations are welcome to take the $30 per person "member rate," according to NEFI CEO Shane Sweet. At press time, 75 individuals, from as far away as Oregon, are registered for the offering.
Two ways to sign up for SPCC Webinar:
Proceed to online registration
Download Pdf to mail or fax registration
NEFI CONTACT: Dave Huffman of NEFI's Action Center at 617-923-5022 or dave@nefi.com
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Biodiesel Pump Labels Now Available!!!
At long last, the biodiesel pump labels are now available for ordering online at www.biodieselpumplabels.com. The majority of the labels shown on the site are being required by the Federal Trade Commission, but NEFI is offering six different versions of the labels for those marketers wanting to clearly mark their dispensers. There are a variety of labels to choose from to accommodate the different levels of biodiesel, and they are similar to the octane labels seen at gasoline stations. The labels have been formatted to meet FTC requirements and have a protective coating. More information is available at www.biodieselpumplabels.com, email dave@nefi.com, or call Dave at 617-923-5022
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Global Announces Informational Seminar On Heating Oil Market
As a service to the industry, Global has announced an informational seminar featuring Lucian Pugliaresi, President of Energy Policy Research Foundation (EPRINC), and Lawrence J. Goldstein, Founder and President of Petroleum Industry Research Foundation (PIRA). Speaking on vital issues concerning the retail oil dealer will be Eric Slifka, President and Chief Executive Officer, Thomas J. Hollister, Chief Operating Officer and Chief Financial Officer, and Joseph R. DeStefano, Vice President of Marketing.
The agenda includes: opening remarks by Joseph R. DeStefano, VP of Marketing, Global Companies LLC; Finance for Your Retail Business in a High Price and Volatile Environment by Thomas J. Hollister, COO & CFO, Global Companies LLC; Current Price Volatility and the Risks Created for the Retail Oil Dealer by Eric Slifka, President & CEO, Global Companies LLC; and a presentation by Mr. Lucian Pugliaresi and Mr. Lawrence Goldstein, both of Energy Policy Research Foundation (EPRINC) entitled "How Did We Get Here and What Do We Do About It."
This informative seminar is being offered to Global customers on:
Monday, July 21, 2008, 10:00 am to 12:00 noon, Burlington Marriott Hotel
One Burlington Mall Road, Burlington, Massachusetts
TO ATTEND: Please RSVP to Christine, Debbie or Martine in the Sales Dept at 1-800-685-7222.
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Open Board of Directors Meeting Scheduled For July 23, 2008
July 23: NEFI's Executive Committee Meeting (9am-12pm) and Open Board of Directors Meeting (1:30pm-3:30pm), Sheraton Providence Airport Hotel, Warwick, RI.
This Board meeting will be OPEN, meaning any NEFI member is welcome and encouraged to attend. Prior to the meeting will be the buffet luncheon from 12:15pm to 1:15pm. If you are interested in attending the Board of Directors' Meeting, please contact Betty Kelley, Administrative Manager, at (617) 923-5013 (direct dial), or betty@nefi.com.
Learn How to Grow and Diversify Your Fuel Business in Challenging Times
 • The 2008 Visions Conference will be held at the Hilton Boston Logan Airport Hotel in Boston, MA on September 8-10, 2008. For registration, sponsorship or tabletop exhibitor reservations, go to www.visions2008.org. Call Tracy Goodwin, NEFI VP for Events,at 617-923-5015 for more information or email tracy@nefi.com.
Special SBA Presentation Added To Visions 2008 Conference
Despite media impressions to the contrary, many banks around the country do have money to lend to retail fuel distributors under qualified SBA programs. A session has been added to the VISIONS Conference on Wednesday AM, Sept. 9, to advise dealers of the several programs and finance/refinance options available.
Click here to register now.
Click here to view the conference agenda.
• The 2009 North American Heating and Energy Expo is scheduled for June 9-10, 2009 at the Hynes Convention Center. Booth sales are underway and the most prominent spaces are going fast. Associate members and past exhibitors have priority, so make sure to reserve your booth space now! For information and to reserve online go to www.nefi.com/expo.
• NEFI's 2008 Fall Energy Conference to Napa Valley, September 23–28, 2008. The trip is getting close to selling out, but there are a few spots left! Act fast while space is still available. Tracy is currently working to arrange a possible refinery tour for Friday, Sept. 26. Call him at 617-923-5015 or email tracy@nefi.com with questions or view the details about the trip and see a registration form here. Thirty NEFI members and friends are already registered for this multi-day event, which includes private a tour of a local Valero refinery.
• IT Upgrades: This week, NEFI is in the process of upgrading some of its computer infrastructure, including new servers. This new architecture will provide NEFI with state-of-the-art networking, document storage and backup, redundant server drives and protected power supply, in-house listservs, a collaborative document development platform, improved remote network access for our more mobile personnel, improved wireless email synchronization, a BarracudaTM firewall, internal company web site, global (shared) calendars and contact database, the ability to publish calendars directly to the web, and the flexibility to run both Windows and Linux (Open Source) applications. During the process, our email was down intermittently, so we apologize for any inconvenience this may have caused.
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Welcome New NEFI Members:
Old Yankee Fuel Co., Inc.
Bruce Landergren
PO Box 946
Essex, MA 01929
Phone: 978-768-6862
Fax: 978-768-6199
Email: bruce@oldyankeefuel.com
Web: www.oldyankeefuel.com
Old Yankee Fuel is a Retail Fuel Dealer also providing Burner Service.
M. Spiegel & Sons
Jeffrey Spiegel
10 E. Village Rd.
Tuxedo, NY 10987
Phone: 845-351-4700
Fax: 845-351-4694
Email: jeffs@sosfuels.com
M. Spiegel & Sons is a Retail Fuel Dealer.
Nouria Energy Heating Oil, Inc.
Dennis Dillon
326 Clark St.
Worcester, MA 01606
Phone: 508-762-3700
Fax: 508-762-3701
Email: dennis.dillon@nouriaenergy.com
Web: www.nouriaenergy.com
Nouria Energy is a full Retail Fuel Dealer also providing Gasoline and C-Stores.
Patten Oil Co., Inc.
Tonya Hutchinson
112 Susan Ln.
Rutland, VT 05701
Phone: 802-775-3322
Fax: 802-775-3306
Email: thutchinson@pattenoil.com
Web: www.pattenoil.com
Patten Oil is a Retail Fuel Dealer who also provides Kerosene.
Pine State Energy LLC
Sam Marcisso
5 Industry Rd.
S. Portland, ME 04106
Phone: 207-883-8096
Fax: 207-321-2270
Email: samm@pinestatesuddenservice.com
Web: www.pinestateenergy.com
Pine State is a Fuel Dealer who also provides plumbing & heating, air-conditioning service and installation.
Sponsor This Newsletter!
NEFI would like to thank this month's NEON Sponsor, Irving.
For maximum exposure, your company logo and link should be on the front page of this newsletter next month. View sponsorship info and enrollment form. Call Tracy at 617-923-5015 or email tracy@nefi.com for more information.
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NEFI Member Benefit Spotlight
OIL&ENERGY MAGAZINE is produced monthly and circulated to over 9,500 diversified fuel company owners, managers, petroleum and propane distributors, and related HVAC service companies from Maine to North Carolina and other regions where Oilheat and propane for heating have an important market share.
Our news and feature focus is timely and of particular value to keeping personnel and managers in the industry well informed and attuned to industry developments and forecasts.
Monthly columns include fuel product hedging, financial, and weather advisements, plus our Q&A with prominent executives whose positions and decisions are relevant to the fuel marketplace. NEFI member companies receive OIL&ENERGY as a member benefit, and can also access a PDF file of the entire magazine each month at http://www.nefi.com/oilandenergy/archive.htm
Join or renew membership with NEFI today! Click here, or contact Joanne Sharkey, NEFI Membership Coordinator at (617) 924-1000 or joanne@nefi.com.
View NEFI Membership Information
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See the latest NORA news at www.nora-oilheat.org.
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Thank You NEFI Action Center Contributors:
Thank you to 2008 LRAC contributors to date.
Please support LRAC Center efforts by downloading and acting upon this pledge form or by contacting NEFI at (617) 924-1000.
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