New England Fuel Institute

July O&E: Hedging in a Volatile Market

Wed, 01 Jul 2009 09:08:59 -0400

The July issue of Oil & Energy Magazine is now available online. The issue features our annual hedging survey, with experts from the top hedging and wholesale fuel companies on what to expect from the market this year and how to best manage margins, cash flow and credit. We also have columns on how to generate profits in an uncertain market, choosing the best price protection plans and coverage of the New England Fuel Institute's (NEFI) 2009 Heating & Energy EXPO. You can read those stories and more online by downloading the PDF at http://www.nefi.com/oilandenergy/archive.htm.

House Brings Cap-and-Trade Bill Forth for Final Floor Vote

Mon, 29 Jun 2009 11:24:31 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:
• Coalition Urges Congress Not to Wait on Commodity Trading Reform
• Industry Discusses Moving Forward on NORA & Other Top Priorities
• PMAA Seeks Marketer Input on LIFO Accounting
• New Policy Change Allows Refinancing of SBA 504 Guaranteed Loans
• EPA E-10 Enforcement Effort Aimed at Blender Pump Sites in Limbo
• Deadline for Renewal of Expiring U.S. DOT Hazmat Registration is July 1

Wall Street Reform Plan Announced by President Obama

Mon, 22 Jun 2009 11:20:30 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:
• Senate May Require CFTC to Act on Excessive Speculation
• Senate Panel OKs Energy Bill; House May Move Climate Bill
• Temporary SBA Stimulus Funds Pump Up Small Business Loans
• World Crude Oil Demand Sees Slight Uptick

NEFI Expo Well Attended & Successful

Mon, 15 Jun 2009 10:58:19 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:
• Bill Will Require Big Traders to Report Physical Inventory
• House Passes Bill to Make Federal Regulators More Accountable
• Boxer: Senate Panel Will Take Up Cap-and-Trade Bill by August
• EPA Extends SPCC Compliance Deadline to November 10, 2010

Excessive Speculation Returns as Front-Burner Issue

Thu, 11 Jun 2009 16:25:21 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Update on Federal Energy and Cap-and-Trade Legislation
• CFTC Chief Says Dual Regulatory Oversight Would Cover All Contracts
• SPCC Update: Still Awaiting Final Word on Deadline Extension
• Reminder: DOT Hazmat Registration is Due by July 1

NEFI-Endorsed Nominee Sworn in as Chief Futures Market Regulator

Mon, 01 Jun 2009 15:51:56 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Congress Wanted to Address Climate Change--With Surging Energy Prices?
• NEFI Compliance Kit Now Available on Federal Hazmat Registration -- Due July 1

June O&E: Your Guide to the NEFI Expo

Thu, 28 May 2009 09:24:38 -0400

The June issue of Oil & Energy Magazine is now available online. The magazine includes the Exhibitor Showcase for the 2009 New England Fuel Institute (NEFI) EXPO in Boston, previewing a variety of products and services that will be on display June 9 and 10. We also take a look at different state programs to encourage residents to upgrade to more efficient heating equipment, and have columns about fuel additive myths and outdoor reset controls. You can read those stories and more online by downloading the PDF at http://www.nefi.com/oilandenergy/archive.htm

House Panel Approves Massive Climate Change Bill

Wed, 27 May 2009 09:11:10 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Senate OKs NEFI-Endorsed Nominee to Head Commodity Trading Commission
• PMAA: National Motor Fuels Reserve Approved by Senate Committee

• President Obama Announces Tough New Fuel Efficiency and Emission Standards • U.S. DOT Hazmat Registration Renewal Due July 1 for 2009-1020

Industry Brings Top Priorities to Lawmakers in 'Day on the Hill' Event

Wed, 20 May 2009 16:28:09 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Cantwell and Sanders Lift Holds on NEFI-Endorsed Nominee
• Sean Cota Speaks for Industry Before CFTC Advisory Committee
• EPA Announces Extension of Comment Period for Proposed E-15 Waiver

Industry to Descend on Washington for Annual "Day on the Hill"

Tue, 12 May 2009 15:32:05 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Tell Your Members of Congress: This Industry is Part of the Solution
• US EPA Issues Proposed Rule Revising Renewable Fuels Program
• Fingerprinting & Hazmat Endorsement

NEFI Holds Executive Committee, Annual Board of Directors Meetings, Announces New Members Elected to the Board of Directors

Mon, 04 May 2009 12:02:52 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Results From NEFI Member Survey on Top Industry Issues
• Senator Shaheen of New Hampshire Announces Support for NORA Reauthorization
• FTC Announces 'Red Flag' Rule Compliance Deadline Extension to August 1, 2009

May O&E: Service Managers Spotlight

Mon, 20 Apr 2009 15:14:20 -0400

The May issue of Oil & Energy Magazine is now available online. The issue, in preparation for the upcoming National Association of Oil Heating Service Managers (NAOHSM) show in May, features a roundtable discussion with industry leaders about how their service departments have adapted to evolving technology and a slowing economy. NAOHSM past president Dave Bessette participates in our monthly Q&A, previewing his presentation on biofuels he'll be delivering at several upcoming industry trade shows. The issue also has columns on building a better Web site for existing customers, the best time to perform a business valuation and how to maintain a reliable fuel delivery fleet. You can read those stories and more online by downloading the PDF at http://www.nefi.com/oilandenergy/archive.htm.

Comprehensive Climate Change Legislation: What Are Its Chances?

Mon, 20 Apr 2009 13:42:00 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Senate Supporters of LIHEAP Clear Path For Full Funding In FY2010
• OMB Approval Clears Way for EPA Rule to Limit Greenhouse Gas Emissions
• EPA Considers Ethanol Producers' Application to Permit E-15 Gasoline Blends

Key Vote on Climate Change by Senate on Reconciliation Maneuver

Mon, 13 Apr 2009 11:19:39 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• NEFI Requests Member Input on Top Industry Issues in Survey
• Fuel Dealers: Cap and Trade Regulation Matters to You
• IRS Issues Changes to Biodiesel Tax Credit

April O&E: Taking Advantage of the Booming Efficiency Market

Mon, 30 Mar 2009 10:15:37 -0400

The April issue of Oil & Energy Magazine is now available online. The issue features stories that look at emerging business opportunities for heating oil retailers, equipment manufacturers and service departments to take advantage of rising consumer interest in going green. We show which high-efficiency equipment consumers can receive tax credits for, how to train to become a home energy technician and tips from experts in the energy auditing field. We also have a Q&A with the Energy Star brand manager and columns about how to create more profitable price protection plans. You can read those stories online by downloading the PDF at http://www.nefi.com/oilandenergy/archive.htm.

Greenhouse Gas Regulations Webinar for Fuel Dealers--Registration Now Open

Fri, 27 Mar 2009 13:28:13 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Bill Proposes Interest-Free Loans for Home Efficiency Upgrades
• Cap and Trade Bill Likely to Require 60 Senate Votes This Year
• NEFI and Allies to Congress: Support Bill to Stop Excessive Speculation!
• PMAA: Washington State Marketer Testifies on Market Transparency
• NEFI Launches New Climate Change Policy E-News Alerts

'Green House Gas Regulation, Surviving the Changes' Webinar April 16

Wed, 25 Mar 2009 09:37:50 -0400

On April 16 there will be a New England Fuel Institute online Cap & Trade seminar presented by Robinson & Cole, LLP. This interactive webinar will cover green house gas regulation/legislation and how it will affect the heating oil industry.

Top Industry Issues Vetted by NEFI Government Affairs Committee

Fri, 20 Mar 2009 13:27:27 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• SBA Loans
• Do You Need to Access Archived NEFI Compliance Documents and Information?
• Cap & Trade Webinar Scheduled for April 16
• PMAA 2009 Day on the Hill
• ‘Energy Summit’ at NEFI Expo 2009 to Address Critical Industry Concerns

Utilities Back Cap and Trade; Ask for Ratepayer Subsidy

Fri, 13 Mar 2009 14:59:47 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• NEFI "Cap and Trade" Online Seminar Planned for April
• Congress Passes $410 Billion Omnibus Appropriations Bill
• U.S. EPA Makes First Step Towards National Cap and Trade Program
• Need to Access Archived NEFI Compliance Documents and Information?

New Federal Tax Credits and Eligible Heating Equipment

Fri, 06 Mar 2009 12:33:22 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Congress Debates $410 Billion Package to Keep Gov’t. Operational
• NEFI Fights to Maintain Important and Hard Won Flexibility In SPCC Regulations
• NEFI Seeks Extension of Fast Approaching SPCC Deadline
• Cap & Trade Webinar, April 16, Offered by NEFI and Robinson & Cole

Read the Latest on SPCC, Carbon Trading Regulations

Tue, 03 Mar 2009 09:25:15 -0500

The March issue of Oil & Energy Magazine is now available online. There is an in-depth feature on the latest Spill Prevention, Control and Countermeasure (SPCC) regulations and what bulk plant owners will have to do in order to comply and avoid massive federal fines. Oil & Energy also takes a look at the Regional Greenhouse Gas Initiative (RGGI) cap and trade system, which has a third "offset" auction coming in March. In addition, the issue has an insightful Q&A with Gulf Oil CEO Joseph Petrowski and columns on attracting customers through a Web site, creating a board of advisers and more. You can read those stories online by downloading the PDF at http://www.nefi.com/oilandenergy/archive.htm

NEFI Endorses Nominee to Head U.S. Futures Trading Agency

Fri, 27 Feb 2009 15:32:38 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• President Addresses Congress, Releases First Annual Budget
• NEFI Attends Carbon Trading Conference
• EPA Withdraws Extension to Deadline for SPCC Compliance
• Overlooked Tax Credit Might Help Struggling Customers Pay Bills

NEFI Offers Webinar in March 'Employers and The Law'

Thu, 26 Feb 2009 16:18:35 -0500

On March 18 there will be an online seminar (Webinar) from New England Fuel Institute (NEFI) entitled "Employers and the Law" that will focus on recent developments and best practices in employment law and how they apply specifically to employers in the fuel industry.

Some of the topics to be discussed are: Incentive Pay; Wage & Hour Overview; Legal Climate; Overtime Lawsuits; Payment for All Hours Worked; Meal and Rest Periods; and more.

The seminar is from 2:00 - 3:00 pm, EST. For registration information click the link below

Low Sulfur Heating Oil Phase-In Discussed at Northeast Regional Meeting

Fri, 20 Feb 2009 13:45:43 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Expanded Home Efficiency Tax Credits Included in Economic Stimulus
• Reminder: 2009 EPCRA Tier II Inventory Reports Are Due On March 1
• Underwriters Laboratories Approves Use of E-15 Blends in Existing Dispensers

• NEFI Action Center Fund Reports
a Successful 2008

New England Fuel Institute (NEFI) Reports New Stimulus Package is Packed with Small Business, Efficiency Incentives

Thu, 19 Feb 2009 09:11:33 -0500

Earlier this week, President Barack Obama signed into law the American Recovery and Reinvestment Act, a $789 billion economic stimulus package, and it includes many important provisions of interest to New England Fuel Institute (NEFI) members and their customers. Some highlights include:

Project Spending Highlights:
• $5 billion for the federal Weatherization Assistance Program (WAP); increases the WAP eligibility from 150 percent of the federal poverty level to 200 percent; and increases the maximum per-home benefit from $2,500 to $6,500;
• $200 million for the Leaking Underground Storage Tank Trust Fund;
• $300 million for grants under the Diesel Emission Reduction Act (DERA) to retrofit diesel engine vehicles and equipment.

Energy Tax Provision Highlights:
• Taxpayers may deduct the whole amount for one single efficiency upgrade to their home (subject to the 30 percent qualifier), including their heating system, if the system meets certain criteria. Some home energy efficiency tax credits are extended through 2010
• Increases the tax credit to properties (such as gas stations) that dispense alternative fuels

Small Business Loan Program Highlights:
• Additional $630 million for SBA loan programs
• SBA able to grant loans at very low rates for some 7(a) small businesses
• $6 million available for SBA "Microloans" for qualifying small businesses

For more details

Dark Trading Markets are Target of New House Bill

Fri, 13 Feb 2009 11:23:09 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Congress Prepares Economic Stimulus For Final Vote
• NEFI and Coalition Allies Meet With CFTC Chairman-Designate Gensler
• Phone Calls About NEFI Hotel Rooms Are a Scam
• Industry Groups Meet With Members of Congress, Urge LIHEAP Funding
• EPA OKs Use of Term 'Bioheat' on Shipping Papers and Delivery Tickets

Cota Tells Congress Energy Markets Held Hostage to 'Greed And Fear'

Fri, 06 Feb 2009 15:49:11 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Senate Tries to Break Stalemate On Economic Stimulus
• Industry Groups to Descend on Capitol Hill In Support of LIHEAP
• NEFI Now Offers Required Decals For Handicap Assistance At Fuel Stations
• NEFI Retirement Webinar February 11
• Regulatory Alert: SPCC Rule Freeze Affects SPCC Regulatory Relief

NEFI Retirement Planning Webinar February 11

Wed, 04 Feb 2009 15:02:45 -0500

New England Fuel Institute (NEFI) is offering a webinar on Wednesday, February 11, 2009, entitled "Preparing a Successful Retirement Plan During Turbulent Times." This webinar will be held from 1:00 - 2:00 p.m. and will be free for NEFI members. Non-members may participate for a fee of $30. More information can be found at www.nefiinsurance.com or phone Mr. David Rocco at 617-923-5022.

VT Marketer Sean Cota Testifies Before House Agriculture Comm., re: Oversight of Commodities Markets

Wed, 04 Feb 2009 14:59:34 -0500

Sean Cota, President of Cota & Cota, Inc. of Bellows Falls, Vermont, testified before the U.S. House of Representatives' Agriculture Committee this week on behalf of the New England Fuel Institute the Petroleum Marketers Association of America and. Mr. Cota provided insight on draft legislation entitled the "Derivatives Markets Transparency and Accountability Act" and the effect that opaque, inadequately regulated commodities markets and abusive trading practices have had on the nation's independent fuel marketers and home heating fuel providers.

The text of Mr. Cota's testimony is available at www.nefi.com. Or you may view video of his testimony by clicking on the following link:

February O&E: Latest Tank Truck Incentives and Regulations

Mon, 02 Feb 2009 11:05:00 -0500

The February 2009 issue of Oil & Energy Magazine is now available online. O&E rounds up the latest on upcoming emissions standards for trucks and provides contact information for many oil and propane tank truck manufacturers, as well as incentives they’re offering in light of a slowing economy. In addition to a Q&A with an engineer about the development of cutting-edge renewable fuels, there are columns from experts on ways to cut fuel costs for fleets and fuel handling safety advice. You can read those stories and more online by downloading the PDF at http://www.nefi.com/oilandenergy/archive.htm

NEFI Joins Coalition Allies in Support of Reform-Minded CFTC Commissioner

Fri, 30 Jan 2009 16:15:24 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• House, Senate Leaders Draft New Futures Market Reform Legislation
• Economic Stimulus Bill Clears House; Heads For Senate
• UL Technical Review Opens Doors For Successful Market Entry of Bioheat®
• Federal Loan Guarantees for Energy Projects Available
• Donate a Generator to Help Sick Children
• Thanks to Medway Oil for Their Generous Contribution to the NEFI School
• NEFI Member Dead River Company to Make Donation in Support of Fuel Fund

President Obama Allows States to Adopt Tailpipe Emission, Mileage Standards

Tue, 27 Jan 2009 09:44:13 -0500

Reversing a decision by the previous administration in 2007, President Barack Obama signed an executive order on Monday ordering the Environmental Protection Agency to act swiftly on a waiver allowing states to individually create and maintain vehicle emission and mileage standards. More than a dozen states have already adopted stricter standards, but cannot adopt them until the waiver is signed. Automakers will need to act quickly to manufacture vehicles that comply with the state standards by the proposed deadline of 2016.

Obama Makes Energy a Top Priority In Inaugural Address

Fri, 23 Jan 2009 16:03:39 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Congress Confirms Energy-Related Administration Officials
• More Details on Tax Package to be Included in Stimulus
• NEFI Alert: Obama Freezes All Federal Regulations Pending Review
• State Legislatures Facing Budget Gaps Could Resort to Motor Fuel Hikes
• NEFI Executive Committee and Board of Directors Meeting Date Set

Obama Admin. Freeze on Federal Regs. Affects Heating Oil Marketers

Thu, 22 Jan 2009 14:35:30 -0500

The White House this week imposed a freeze on all new federal regulations begun under the Bush administration. The freeze may affect several important rulemakings important to heating oil dealers, including those involving SPCC regulations and those involving parked cargo tank vehicles.

$825 Billion Economic Stimulus Includes Funding For Energy, Tax Cuts

Fri, 16 Jan 2009 14:49:47 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• LIHEAP Advocates Press for More Federal LIHEAP Money; Warn of Rise In Applications
• NEFI Team Spotlight: NEFI Regulatory
Counsel Mark S. Morgan, Esq.
• EPA Finalizes SPCC Deadline Extension to November 20, 2009
• Second NEFI SPCC Webinar Reported as Huge Success
• Participate In A Survey Regarding NEON

Receive 400 Timely and Localized Weather Reports This Year

Tue, 13 Jan 2009 10:54:24 -0500

For only $50 per year you can receive short- and long-term weather forecasts several times each week via email from well-known industry meteorologist, John Bagioni. It's a great way to stay on top of the weather that affects your business. New England Fuel Institute is offering this Weather Subscription Service on a free 30-day trial. This is proving to be an extreme weather winter with no signs of letting up. Click "Read More" to sign up for the trial and view a few samples of the reports provided. You can also learn more at http://www.nefi.com/weather

Compliance With New Ethanol Blend Shipping Papers Extended to 2010

Tue, 13 Jan 2009 10:51:41 -0500

New England Fuel Institute's Legislative & Regulatory Action Center (LRAC) has released a Compliance Bulletin stating that the U.S. Department of Transportation's final rulemaking HM-215J has extended the compliance period for new HAZMAT shipping paper requirements for ethanol blends over 10 percent to 2010.

Ethanol transporters and shippers who complied with the original deadline of October 1, 2008, and are using the new shipping name "Ethanol and gasoline mixture, 3, UN3475, PG II" are in compliance and do not need to do anything. Marketers who did not meet the October 1, 2008 deadline may continue to use their shipping paper entries for ethanol blends until October 1, 2010, when they must change to the new entry.

Oil Price Speculation - CBS '60 Minutes' Features VT Fuel Companies This Sunday

Fri, 09 Jan 2009 16:23:23 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• House Agriculture Chairman to Advance Tough New Anti-Speculation Bill
• Vermont's Welch Joins Fellow New Englander Markey in Energy Committee
• Obama Appoints Three More 'Climate Change' Activists to Cabinet Posts
• Oil Spill Liability Tax Increases January 1, 2009
• SPCC Webinar January 14

New Member of NEFI Team Brings Expertise in Public Policy and Economics

Mon, 05 Jan 2009 13:39:14 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

NEON's headline news also includes:

• A Look Back at the Roller Coaster Ride That Was the Year 2008
• How You Can Help Contribute to the "Industry's Cause"
• Spill Prevention, Control & Countermeasure in the New Year
• Russia on New Natural Gas OPEC: The Era of Cheap Natural Gas is Over

January Issue of Oil & Energy - What to Expect in 2009

Mon, 05 Jan 2009 12:26:08 -0500

The January 2009 issue of Oil & Energy Magazine is now available online. As America prepares for a new president and Congress, we get answers from incoming House of Representatives and Senate members on what legislation they expect--and would support--on topics from equipment efficiency to renewable fuels. We also explore tax credits that could save business owners and their customers thousands of dollars, and there are columns on how to ensure reliable profits and expand your marketplace. You can read those stories and more online by downloading the PDF at http://www.nefi.com/oilandenergy/archive.htm.

NEFI VP for Government Affairs Relocating to Washington

Fri, 19 Dec 2008 12:14:01 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• This Holiday, You Can Help Contribute to the ‘Industry’s Cause’
• President-Elect Fills More Posts That Will Impact Industry Concerns
• 110th Congress Closes for Business and Auto Industry May Join Them
• Air Quality Officials Meet With Industry Over Low Sulfur Heating Oil
• Reminder! Comply With the New SPCC Requirements

New High Visibility Safety Vest Requirements for Drivers

Tue, 16 Dec 2008 10:28:32 -0500

BACKGROUND: The compliance deadline for the Federal Highway Administration’s (FHWA) new rule requiring workers within the right-of-way of any federal aid highway to wear high visibility safety vests was November 24, 2008. Congress required the FHWA to adopt the new rule pursuant to Section 1402 of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) enacted in 2005. The purpose of the rule is to decrease the likelihood of fatalities or injuries to workers on foot who are exposed to traffic while working within the rights-of-way of federal-aid highways.

This compliance bulletin is a complimentary service provided by the Legislative & Regulatory Action Center to all NEFI members. To access this and other valuable compliance documents visit www.nefiactioncenter.com. NEFI members can set up a user-name and password. Non-members can contact Dave Huffman at 617-923-5022 for more information.

Parked Trucks and SPCC Compliance: Anatomy of a NEFI Victory

Mon, 15 Dec 2008 09:58:31 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• President-Elect Obama Chooses Top Energy and Environment Posts
• 2009 LIHEAP Action Day Offers Industry Face Time With New Congress
• This Holiday, You Can Help Contribute to the 'Industry’s Cause'
• Reduced Federal Ethanol Tax Credit Goes Into Effect January 1, 2009
• REMINDER: New Biodiesel Dispenser Labels Required By Dec. 12th

IRS Issues Guidance on Changes to Biodiesel Tax Credit

Tue, 09 Dec 2008 15:58:16 -0500

The Internal Revenue Service has issued guidance on changes to the federal biodiesel tax credit resulting from a revision to the requirements of American Society for Testing and Materials (ASTM) D6751 Biodiesel Standard. The revised ASTM D6751 took effect on October 13, 2008. Under the IRS code, only biodiesel that conforms to ASTM D6751 is eligible for the current 50 cent federal tax credit for each gallon of biodiesel blended with diesel fuel and the $1.00 per gallon credit for blending with agri-biodiesel.

NEFI COMPLIANCE BULLETIN: The Legislative & Regulatory Action Center has published a compliance bulletin that explains this change.

Upcoming Training Courses at NEFI Technical Training Center and 2009 Course Schedule

Fri, 05 Dec 2008 14:17:41 -0500

The New England Fuel Institute's Technical Training Center has announced classes they are offering in December and January and the release of their 2009 training calendar.

Massachusetts Oilburner Code 527 CMR 4.00 Seminar, Half-Day Seminars offered over December 16 and December 17

Basic Oilburner Installation & Service Technician Course, four week, full-time day course, December 29 - January 23, 2009

Oilheat Wiring for the Electrician, two 3-hour afternoon sessions, January 5-6, 2009

Oilheat 'Stakeholders' Meeting Dec. 17, Baltimore

Fri, 05 Dec 2008 13:52:37 -0500

A meeting among representatives of Mid-Atlantic/Northeast Visibility Union (MANE-VU) states and Oilheat industry wholesalers/retailers will take place Wednesday, Dec. 17, from 10 a.m, to 3 p.m. at the Sheraton near Baltimore/Washington International Airport.

MANE-VU was formed to coordinate meeting the requirements of Environmental Protection Agency regional haze rules and reducing visibility impairment in major national parks and wilderness areas in the Northeast and Mid-Atlantic region.

Arthur Marin, Northeast States for Coordinated Air Use Management executive director, and Anna Garcia, OTC/MANE-VU executive director, are expected to speak about a low-sulfur initiative. New England Fuel Institute president and CEO Shane Sweet and John Huber, National Oilheat Research Alliance president, will speak about available supply and anticipated infrastructure cost to the heating oil industry.

For more information, visit www.manevu.org. Pre-registration is requested.

Coalition Urges Obama to Beef Up Oversight of Commodities Trading

Fri, 05 Dec 2008 12:13:32 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Industry Reps Follow Up After Meeting With Treasury Over Credit Issues
• Republican Senate Victory in Georgia Makes Dem Supermajority Impossible
• Massive Economic Stimulus and Spending Bill Could Approach $1 Trillion
• NEFI Wins SPCC Parked Truck Exemption; Compliance Webinar Set For January
• Federal Motor Carrier Safety Administration Publishes Final HOS Rule

Dec. O&E: How Fuel Dealers Are Coping With Consumer Demands

Thu, 04 Dec 2008 09:32:44 -0500

The December 2008 issue of Oil & Energy Magazine is now available online. The issue looks at new tactics for home heating oil dealers to guarantee they get what they’re owed by customers in a volatile economy and at a merger two years later to find out its impact on both businesses, their employees and their customers. We also check in with the president of Daigle Oil, who talks about the challenges of running a home heating oil company across international borders. Heating oil also shows its continued economic viability against emerging fuels and technologies at a regional meeting of Affordable Comfort Inc.

You can read those stories and more online by downloading the PDF at http://www.nefi.com/oilandenergy/archive.htm

Final EPA Rules for 2009 for Fuel Storage Issued

Wed, 26 Nov 2008 11:14:28 -0500

The U.S. Environmental Protection Agency (EPA) has issued a final SPCC rulemaking this week that includes important compliance information for fuel dealers who store petroleum products in aboveground storage tanks. The final rule provides petroleum marketers with new flexibility in meeting SPCC plan revisions that must be implemented in 2009. The final rule will make compliance with SPCC revisions more streamlined and cost effective, in good part attributable to the efforts of New England Fuel Institute and affiliated state, regional and national associations.

NEFI and Allies Meet With Treasury Officials Over Credit Crisis

Fri, 21 Nov 2008 12:10:20 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• International Leaders Vow Greater Financial Services Regulation
• NEFI Hosts Energy Trading Oversight Coalition Meeting
• Republicans Lose Alaska and Lieberman; Senate Dems Now at 58
• Here is Your Chance to Contribute to the 'Industry's Cause'
• New Federal Rule May Require Some Drivers to Wear High Visibility Vests
• Small Business Administration Tries to Free Additional Funding for Loans; Meanwhile, Congressional Hearing Shows SBA Lending Down in 2008

NEFI to Offer Live Website Video Streaming Broadcast

Thu, 20 Nov 2008 08:52:05 -0500

This January the New England Fuel Institute (NEFI) plans to install a state-of-the-art audio/video conferencing system at its Watertown, Mass., office. This system will enable NEFI to better communicate with its membership and students of the NEFI Technical Training Center with live video streaming among other features.

NEFI aims to help members and students save time and money by eliminating travel expenses to meetings and training classes by offering this "tele-presence" alternative. "The conferencing system will allow NEFI to better serve its membership by making its educational, legislative and regulatory services more accessible," said NEFI CEO Shane Sweet. NEFI also plans to archive the live events for those who did not participate in the live broadcast. They also plan to link to other video conferencing sites in the Northeast.

The NEFI Technical Training Center anticipates expanding its reach using this new service. Companies from all over New England will now be able to "send" their employees to NEFI training without them ever leaving the office or paying for travel expenses.

Look to www.nefi.com for updates on the new service in the near future.

Obtain New Customized Weather Service at Only $50 Per Year

Wed, 19 Nov 2008 16:11:36 -0500

BOSTON, MA: New England Fuel Institute, in conjunction with Meteorologist John Bagioni, is introducing a new weather service available via email delivery at the low cost of $50.00/year to member companies of NEFI. Non-member companies can subscribe but at a higher rate.

The new service has many features, including: detailed weather discussions about the expected temperature and storm patterns (issued Mondays); Weather Updates & Disruptive Storm Forecasts (Issued 3X per week); Regional 10 Day Degree Day Forecasts and monthly reports; plus long range forecasts.

The service will also allow personal Q&A with Meteorologist John Bagioni.

Treasury Secretary Will Not Use Bailout to Buy Troubled Assets

Fri, 14 Nov 2008 10:55:36 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• A Second Economic Stimulus Package Still Possible in Lame Duck Session
• Despite Congressional Races Still in Question, New Congress Taking Shape
• FTC Holds Hearing on Proposed Energy Market Manipulation Rule
• Biofuels Industry Seeks Delay in EPA Rule Setting Renewable Fuel Mandate
• SBA Small Business Loans Decline to Record Low, Congress Holds Hearing

NEFI and Allies Ask Treasury to Address Industry Credit Issues

Fri, 07 Nov 2008 15:10:38 -0500

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Election 2008 Outcome, Political Shift in Washington Brings New Challenges and Opportunities

• DHS Finalizes Safe Harbor Provisions of 'No-Match' Rule

• Reminder: Unified Carrier Registration May be Required in Your State

• OPIS Webinar: NEFI Members Receive Discount Registration Fee

• NEFI Action Center Contributions Now Being Accepted Online

Industry Asks U.S. Treasury to Help Fuel Dealer Credit Concerns

Thu, 06 Nov 2008 09:42:10 -0500

Nine Northeast heating oil industry associations have addressed a letter to U.S. Treasury Secretary Henry Paulsen, requesting that he use provisions of the recently enacted Emergency Economic Stabilization Act (EESA) to provide funding to Oilheat retailers, enabling to them buy out fixed price supply contracts arranged with wholesale suppliers when heating oil prices were driven to unreasonably high prices due to rampant volatility and presumed speculation in the marketplace.

NEFI Issues Compliance Bulletin to Members Regarding DHS Final Safe Harbor Provisions of the 'No-Match' Rule

Tue, 04 Nov 2008 13:34:14 -0500

The Department of Homeland Security (DHS) issued a supplemental rule last week on its "no-match" rule which determines when an employer is liable for knowingly employing an illegal alien. The rule provides a safe harbor against liability for employers who take certain steps upon receiving a "no-match" letter from the Social Security Administration (SSA) or the Department of Homeland Security (DHS).

NEFI Offers Free Seminar on Drug/Alcohol Testing and the Employee Assistance Program on November 13, 10:30am-12:30pm

Fri, 31 Oct 2008 12:08:18 -0400

New England Fuel Institute is holding a free seminar on employee drug/alcohol testing and the Employee Assistance Program (EAP) at their Watertown, Mass. location on November 13. The seminar will be held from 10:30 am - 12:30 pm and will be presented by The Newport Alliance.

Some of the topics covered will be: who do the rules apply to? DOT vs. Non-DOT drug testing; review of the rules and regulations; employer responsibilities; the Employee Assistance Program; and a Q&A session with a drug testing compliance adviser.

To register

Joseph P. Cavanaugh, Former CEO of Star Gas Partners, L.P.

Tue, 28 Oct 2008 16:17:24 -0400

It is with great sadness that we share the news of the passing last night of an industry colleague and former Star Gas Partners, L.P., CEO, Joe Cavanaugh. Joe held several key leadership positions during his 38-year career with Star Gas Partners.

Senator Olympia Snowe (R-ME) Featured in November Oil & Energy Magazine

Tue, 28 Oct 2008 13:45:56 -0400

The November issue of Oil & Energy features a Q&A with Maine's Republican Senator Olympia Snow on developing a comprehensive energy strategy; the 2008-2009 LIHEAP Outlook; computer software can help retailers stay a step ahead of rapidly changing market prices; and the weather forecast from John Bagioni calling for cold November and December with possible moderation further into the winter. Oil&Energy is available to you online

Vital Webinar for SPCC Compliance - Recent Rule Changes

Mon, 27 Oct 2008 11:45:40 -0400

The New England Fuel Institute will be holding its second online seminar ("Webinar") on the important issue of Spill Prevention, Control and Countermeasure (SPCC). It will be presented by NEFI's regulatory counsel, Mark S. Morgan, Esq., and Tim Laughlin, a professional engineer from the North Carolina Petroleum and Convenience Marketers (NCPCM).

The Webinar is scheduled for November 5, 2008 @ 2pm EST and is expected to last a little over an hour. Members of NEFI, NCPCM, NORA and PMAA will receive a member discount. NOTE: WE ARE STILL WAITING ON A RULEMAKING FROM THE EPA; WE RESERVE THE RIGHT TO RESCHEDULE SHOULD THE EPA DELAY ON THIS IMPORTANT RULEMAKING. SPCC rules apply to facilities with aggregate above-ground oil storage capacity over 1,320 gallons (see 40 CFR 112.1(b) for complete details on applicability).

All you need is a phone and internet access! For more information, contact Dave Huffman at 617-923-5022 or dave@nefi.com. Register online or download an order form at www.nefiactioncenter.com.

Official Bioheat Website, Toll-Free Hotline Educates Consumers and Dealers

Fri, 24 Oct 2008 10:37:23 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• All $5.1 Billion in Federal LIHEAP Funding Released

• Massachusetts Oilheat Council Comments to Feds on Boston Hazmat Routing Issues

• GAO Faults Slow Pace of TWIC Enrollment For Drivers Seeking Entry to Ports

• EPA Set to Finalize Rule Revising EPCRA Tier II Reporting For Bulk Plants

• ASTM Publishes Long Awaited Biodiesel Blend Quality Specifications

Free Detailed Weather Forecast

Wed, 22 Oct 2008 14:23:20 -0400

Today, you can obtain a free detailed weather forecast. To view and download the summary...

Bioheatonline.com Goes Live Wednesday, October 22

Tue, 21 Oct 2008 15:31:00 -0400

The National Biodiesel Board is launching a new Bioheat® information website "bioheatonline.com" and Bioheat 24-Hour Hotline "877-B5-1-LINE." Scheduled to start October 22, 2008, fuel dealers and consumers will have a resource where they can learn about Bioheat and how to start taking advantage of this cleaner, greener fuel source.

Fuel dealers will be able to refer their customers to the website where they can watch consumer-friendly videos that demonstrate how Bioheat is an excellent fuel source for their home, how it benefits the environment and reduces our country's dependence on foreign oil. Dealers can include a link to the Bioheat site on their own website and/or include the information in future customer newsletters or communications.

There will also be technical information available for fuel retailers on blending and selling Bioheat. Retailers will be given the option to register on the site as a Bioheat dealer. Registering will provide them with access to professionally designed customizable marketing materials. The Bioheat Hotline 877-B5-1-LINE (877-251-5463) is manned by Bioheat experts and is dedicated to answering fuel dealer, fuel wholesaler, and OEM Bioheat questions 24-hours a day.

The heating oil consumer market is ready to go green--now you have a one-stop-shop for information and materials to bring it to your customers. To learn more (scheduled to go live 10-22-2008) www.bioheatonline.com

NEFI/MOC Credit & Collections Seminar, November 19, Watertown, Mass.

Tue, 21 Oct 2008 11:37:11 -0400

Industry expert Bob Hedden presents a one-day seminar "Creative Credit & Collections for Oilheat & Propane Companies" at New England Fuel Institute’s (NEFI) Education Center in Watertown, Mass., on November 19.

NEFI and the Massachusetts Oilheat Council (MOC) are offering this one-day seminar to the region's fuel marketers. Credit and collection issues can be the most important things a retail fuel company owner deals with. When fuel dealers deliver product to their accounts, they need to turn those sales into cash as soon as possible. In this era of volatile fuel prices, tight margins, and stretched credit lines, the information provided in this class might be the difference between survival and bankruptcy for many companies.

Instructor Bob Hedden is a well-known industry consultant and educator with over 30 years of Oilheat industry experience. His experience covers all aspects of operating a retail fuel business such as service, marketing, sales, and overall business management.

Members of NEFI or the Massachusetts Oilheat Council can register for $150. The fee for non-members is $200. The seminar will be held from 9 am-3pm on November 19. For more information phone 617-924-1000 or link below

Study Compares Greenhouse Gas Impact of Oilheat and Natural Gas

Thu, 16 Oct 2008 14:41:38 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Victory Within Sight: Congress May Finally Get Tough on Dark Markets

• As Economic Crisis Deepens Despite Bailout Attempts, Next Steps Questioned

• Shipping Paper Requirements for Biodiesel Blended Fuels

• How to List "BioHeat®" on Customer Delivery Tickets

SPCC Webinar Scheduled for November 5

Tue, 14 Oct 2008 10:17:57 -0400

Learn the most up-to-date SPCC compliance information from the convenience of your computer. SPCC compliance information will be presented that applies to facilities with aggregate 1,320+ gallons of aboveground oil storage capacity. Learn how to comply before the July 1, 2009 deadline. The SPCC Webinar conducted in July was a sellout, so please register early for November 5 to reserve your space.

Members of NEFI, PMAA, NORA or North Carolina Petroleum & Convenience Marketers are eligible for a discounted registration fee.

Bush Signs “Wall Street Bailout” and Energy Tax Extenders Into Law

Fri, 10 Oct 2008 16:29:06 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Diesel Exhaust Fluid (a.k.a. Urea) Distribution Ramps Up for 2010 Mandate
• Do I Need Decals on My E-10 Fuel Pumps?
• Citizens Energy Program Will Launch Soon and Will Include New Hampshire
• $10K Donation Puts James Devaney Fuel with Sprague and Global at Top of Action Center Donor List
• API Reports Mid-Year Combined State/Federal Motor Fuel Excise Tax Burden

Future of Economy Uncertain as Congress Takes Up Bailout Package

Thu, 02 Oct 2008 12:58:44 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• ACTION ALERT: Senate Version of Bailout Contains Biodiesel Tax Credit
• President Signs Bill to Double LIHEAP; Lift Drilling Ban; Bail Out Detroit
• Ethanol Pump Decals Now Available Through NEFI
• NEFI Launches New Action Center Website www.nefiactioncenter.com

DOE Establishes Energy Savers Site

Wed, 01 Oct 2008 16:30:04 -0400

The U.S. Department of Energy (DOE) has launched an informational Energy Savers campaign "Stay Warm, Save Money" aimed at helping American consumers and businesses save on energy expenses during the cold winter months. Energy Savers offers proactive ways to implement simple, cost-effective, energy saving solutions for both homes and businesses. At the heart of this campaign is a consumer-focused website developed by the Department of Energy: www.energysavers.gov.

NEFI, Industry Coalition Ask House and Senate to Address Commodities Anti-Speculation Measure

Tue, 30 Sep 2008 15:44:01 -0400

Boston (09-30-08): The New England Fuel Institute (NEFI), the Petroleum Marketers Association of America (PMAA), and other prominent business organizations have issued a letter to Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi, encouraging them to address the impact of excessive speculation in the futures markets as soon as possible, as speculative activity may be manipulating actual "spot" prices for physical commodities such as heating oil.

Critical Biodiesel Measure Passed by House; Matters Hinge on Tax Extender Bills

Mon, 29 Sep 2008 09:57:46 -0400

Report submitted by: Paul Nazzaro, Advanced Fuel Solutions, Inc.

This past Friday September 26, 2008, the U.S. House of Representatives approved H.R. 7060, the Renewable Energy and Job Creation Tax Act of 2008, by a 257 to 166 margin. The legislation contained the following provisions pertaining to biodiesel:

• Extends the biodiesel tax incentive and the small producers income tax credit for one year through December 31, 2009. Under current law, these provisions expire on December 31, 2008.

• Provides that all biodiesel qualifies for the $1 per gallon tax incentive, regardless of feedstock used to produce the fuel.

• Closes the so-called "splash and dash" loophole by denying the biodiesel tax incentive for fuel produced outside the U.S. for use outside the U.S. This provision would be effective as of May 15, 2008, the date the U.S. House Ways and Means Committee first unveiled the provision.

• Properly defines the renewable diesel tax incentive to apply only to free-standing, Greenfield renewable diesel production, not co-processed renewable diesel.

October Issue of Oil & Energy Magazine is Now Available Online

Fri, 26 Sep 2008 12:49:52 -0400

The October issue of Oil & Energy will feature a recap of presentations at the Visions Conference -- SBA Lending Programs, Hedging in the Current Market, and Bioheat 101. The issue will also include: Sen. Jack Reed's take on American energy policy; digital efficiency tools; an SEC expert discusses Oil Reserve reporting; and a Q&A with meteorologist John Bagioni and more.

Victory! Federal LIHEAP Funding Doubled

Fri, 26 Sep 2008 09:51:17 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).

This week's headline news also includes:

• Congress Allows Ban on Off-Shore Drilling to Expire

• Senate Passed Bill Contains Biodiesel Tax Credits; Ends "Splash And Dash"

• Action Alert: Tell Congress to Add Speculation Bill to Wall Street Bailout!

• Reminder: EPA Stage I Compliance Deadline for Gas Stations

Deep Concern Remains Over Unregulated Commodities Markets

Thu, 25 Sep 2008 14:53:17 -0400

With all the capital fleeing Wall Street, there is fear it will flock into commodities, further driving energy and food prices beyond their already unreasonable levels. The markets witnessed some of that last week. The futures markets are severely unregulated, many trades are opaque and the markets lack sufficient position limits and other measures to deter excessive speculation and manipulation.

Therefore, various anti-speculation coalitions are trying to get the Anti-Excessive Speculation bill (H.R.6604/S.3268) attached as part of the Wall Street bailout package. As of 2:00 PM today (Thursday 09-24-08) news reports out of Washington suggest that deal on the so-called bailout package has been reached in principal by key members of Congress from both parties who will now proceed to the White House for conference with President Bush. Details of any agreement have yet to emerge, so the attempts to secure control over speculation remain as valid as ever.

The commodities issues are distrurbing world food and energy markets, as referenced in a letter to Congress and the Adminsitation by a coalition of over 60 international social justice organizations. Rampant speculation in the commodities futures markets has endangered the lives of millions of the world’s poor by contributing to a doubling or tripling of food prices according to their statement.

The organizations today urged the U.S. government to close trading loopholes and enforce speculative position limits in energy and food commodities markets during a press conference and through a letter to the President and Members of Congress. They were joined in their request by Dominican Republic President Leonel Fernandez and commodities futures markets analysts Michael Masters and Michael Greenberger.

Commodities Speculation Bill, Low Income Heat Assistance, Biodiesel Tax Credit at Stake

Mon, 22 Sep 2008 10:27:53 -0400

With apparently only one week left for Congress, fate of key legislation hangs in the balance. The H.R. 6604 bill would impose critical position limits (how many contracts a trader can buy) on non-commercial (or "non-physical") market traders, or those traders that have no direct connection to the physical product. It would close the "Foreign Markets" loophole. It would also increase transparency on over-the-counter (or OTC) markets, require studies into the roll of pension funds, strengthen the CFTC through new staff resources, and help return some of the decision making on regulations to "physical" players.

The background information and support amassed by the New England Fuel Institute Action Center can be obtained at

Emergency Bill Would Grant Heating Fuel Loans to Consumers

Mon, 22 Sep 2008 09:36:37 -0400

An emergency home heating loan bill has been introduced by Paul Kanjorski (D-PA). The bill would guarantee loans for up to $5,000 for consumers who did not exceed 150% of median household income for 2008 or 2009. Funds may go directly to supplier.

Bulletin -- HR 6604 Passes Crucial Commodities Oversight Bill

Thu, 18 Sep 2008 15:31:04 -0400

Washington, D.C: Thursday, September 18

In a move encouraged by the efforts of New England Fuel Institute (NEFI) and other leading national and regional fuel trade associations and a nationwide coalition representing vast industrial and consumer interests, the U.S. House of Representatives has passed legislation to amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes. H.R. 6604 passed today by a margin of 273 to 124.

The bill will now move on to the Senate, where enactment could lead to a dramatic swing in the way fuel and energy commodities are traded, eventually to the benefit of reseller marketers and end users. Look for additional postings at www.nefi.com and www.nefiactioncenter.com and major news sources.

For a review of the bill and summary background, link to the "Speculation" and "Masters Report" on this week's edition of NEON, the weekly e-letter issued by New England Fuel Institute.

House Passes Drilling Measure; Vote Set On Speculation

Thu, 18 Sep 2008 13:49:54 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

Feds Can't Tell If Speculation Plays A Role--Masters Report Gives Answers

President Releases Remaining Federal LIHEAP Contingency Funds; See Funding for Northeast and Mid-Atlantic States

EPA Releases New Emission Standards for Small Gasoline Engines

Gas Stations: ADA Does Not Require Call Assist Buttons on Dispensers

2008 Oilheat Visions Conference Sets
Attendance Records

2008 Visions PMAA PAC Silent Auction Winners -- Thank You!!! See If You Won And Claim Your Prize By Friday, Sept. 26

Record Draw for VISIONS 2008

Fri, 05 Sep 2008 11:14:24 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• What to Expect When Congress Returns Next Week

Support the Senate NORA Reauthorization Bill

• GAO Report Criticizes EPA SPCC Enforcement & Data Collection Efforts

• NEFI Members Should Consider Urea Demand for SCR Engine Roll-Out

• Rumors of New "Purple Dye" For Kerosene May Be Unfounded

Silent Auction At 2008 VISIONS
Conference--Nearly $8,000 in Items Donated To Date. See the list.
New!! View Action Center Raffle Items

NORA Reauthorization Bill Introduced In Senate

Thu, 28 Aug 2008 14:36:45 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• At Least One CFTC Commissioner Agrees--Trading Needs Greater Oversight

• Heating Fuel Costs Create Frenzy of New Congressional Legislation

• Bill Would Increase Biofuel Dispensing Infrastructure Tax Credit to $100,000

• Your Voice Matters In This Important Election Year--Tell Them Your Mind!

• NEFI Hosts Call to Examine Supply Outlook for Winter 2008-2009

Mass. Energy Sect. Bowles to Speak on Bioheat at Visions Conf., Boston

Thu, 28 Aug 2008 10:25:54 -0400

Ian A. Bowles, Massachusetts' Secretary of the Executive Office of Energy and Environmental Affairs, is scheduled to speak about Bioheat® at the VISIONS 2008 conference being held September 8-10. The conference is being held at the Boston Logan Airport Hilton Hotel.

This heating season will be like no other the Oilheat industry has experienced. Members of the industry will attend this conference for two days and be better prepared to face the upcoming heating season.

Learn about conference details here...

September issue of Oil & Energy Magazine is now available online

Wed, 27 Aug 2008 09:15:59 -0400

The September issue of Oil & Energy will feature the program guide for the Visions Conference, an interview with the Director of MIT's Laboratory for Energy and the Environment Stephen Connors, news on Massachusetts' recent biodiesel mandate, "Biz Tips," efficiency articles and more.

Fed 'Correction' Shows Speculators Control 81 Percent of Market!

Thu, 21 Aug 2008 13:33:49 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• Pelosi May Allow Conditional Off-Shore Drilling Vote

• Off-Shore Oil--How Much Is There?
Would It Impact Price?

• Your Voice Matters In This Important Election Year--Tell Them Your Mind

• Do You Own Or Operate A Bulk Plant? Then You Need To Own This CD-Rom

• Ethanol Blend Suppliers Should Mark Shipping Papers To Avoid Liability

IRS Dispenser Decals -- Frequently Asked Questions

Fri, 15 Aug 2008 12:46:09 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

Bipartisan 'Gang of 10' Energy Proposal May Be Voted on This Sept.

Recent Events Highlight Need For Energy Trading Oversight

Your Voice Matters In This Important Election Year--Tell Them Your Mind

STUDY: Off-Road Diesel Fuel Market Will See Urea Demand by 2013

PETRO Steps to Plate to Combat Fuel Conversions to Gas

Wed, 13 Aug 2008 11:44:20 -0400

Boston / New York: PETRO (DivisIon of Star Gas) has pledged $200,000 in fair share matching funds to the newly formed American Energy Coalition which aims to spearhead a nationwide effort to stem Oilheat customer losses to utility gas heating. The Coalition set its first industrywide meeting for August 14 in Westbury, New York (Long Island).

NEFI Alert -- IRS Steps Up Enforcement of Pump Decals for Dyed Diesel and Kerosene

Mon, 11 Aug 2008 09:57:10 -0400

NEFI has learned that the IRS has been stepping up enforcement of "Tax Exempt" decals required on dyed diesel and dyed kerosene dispensers. Decals are also required for clear kerosene sold tax-free from blocked pumps.

We have learned of IRS enforcement actions in several New England locations because pumps were not labeled or were improperly labeled. It seems that in some cases, IRS's "non-taxable fuel" decals were removed and replaced with the newer EPA sulfur content decals. As NEFI compliance documents have noted in the past, BOTH the IRS AND the EPA labels are required on dispensers for dyed diesel fuel, dyed kerosene and "blocked pump" clear kerosene.

See the attached NEFI Regulatory Alert for more information.

NEFI is in the process of obtaining these decals. NEFI already offers the sulfur content pump decals required by the EPA, as well as the biodiesel pump decals required by the FTC. We are also working on obtaining ethanol pump labels.

Please Support Silent Auction At 2008 Visions Conference--Items Needed

Thu, 07 Aug 2008 15:36:44 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• Congress in Recess But the Energy Debate Continues
• Outlook for Federal LIHEAP Funding
• Outlook For Anti-Excessive Speculation Bills
• Republicans Continue To Push Off-Shore Drilling
• You Can Help -- Meet With Your Members of Congress This Recess!

The Can't Miss Event for Your Company -- Survive and Thrive at 2008 VISIONS Conference Sept. 8th 2008

Fri, 01 Aug 2008 10:58:05 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• Vote Fails In House On Anti-Excessive Speculation Bill; Bush Promises Veto

• Industry Supported LIHEAP Legislation Fails Senate Vote

• NH Senators Introduce Measure To Help With Home Heating Costs

• Package of Energy Tax Breaks Stalls In Senate

House and Senate Debate Bills to Stop Excessive Speculation

Fri, 25 Jul 2008 14:53:38 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• ACTION ALERT: Contact Your Senators and Representatives Today!
• House Unable to Pass Measure to Release Crude From National Reserves
• NEFI Gov't Affairs Chair Testifies Before CFTC House Oversight Committee
• Victory! SBA Changes Heating Oil & Propane Dealer Size Standards
• DOT Amends Driver Drug And Alcohol Testing Procedures

SBA Changes Heating Oil and Propane Dealer Size Standards

Wed, 23 Jul 2008 10:40:18 -0400

New England Fuel Institute (NEFI) was instrumental in a recent decision by the U.S. Small Business Administration (SBA) to change the threshold for business size determination of heating oil and propane dealers under the North American Industry Classification System (NAICS) from one based upon gross receipts to one based upon the number of employees. Specifically, the new rule defines small heating oil and propane dealers as those with 50 or fewer employees.

Stop Excessive Speculation Act - S 3268

Mon, 21 Jul 2008 11:02:12 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• 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!!!
• Open Board of Directors Meeting Scheduled For July 23, 2008

See what your state would receive if LIHEAP funding enacted by Senate bill

Fri, 11 Jul 2008 12:23:37 -0400

US Senate bill 3186, the Warm in Winter and Cool in Summer Act would provide immediate relief to millions of senior citizens, families with children and the disabled who are struggling to pay their home energy bills. Specifically, this bill would nearly double the funding for the highly successful Low Income Home Energy Assistance Program (LIHEAP). Passage of the bill was supported by a NY Times editorial this week.

Industry Groups and Consumer Advocates Unite Around Energy Costs

Fri, 11 Jul 2008 09:09:17 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

Airlines Launch Anti-Speculation Effort; Targets Frequent Fliers

NEFI Joins Coalition Effort to Double Funding For LIHEAP Before Fall

PMAA Futures Market Reform Task Force Meets In Atlanta

NEFI & PMAA Each to Testify at House Hearings This Week

NEFI Offers Vital Compliance
Seminar On SPCC Rule
(Deadline July 1, 2009)

NEFI Meets With DOE Officials to Discuss Federal Oilheat Reserves

IRS Now Enforcing EPA Sulfur Spec Regulations

EPA Extends Deadline For Compliance With New Stage I Equipment Rule

IRS Makes Mid-Year Adjustment In Mileage Rate Due to High Gas Prices

CFTC Amends No-Action Letter Issued to the Dubai Mercantile Exchange

IRS Now Enforcing EPA Sulfur Regulations -- NEFI Can Help

Tue, 08 Jul 2008 09:28:22 -0400

The IRS is now enforcing EPA Sulfur Spec regulations and requirements for diesel fuel, kerosene and heating oil.

If you sell, transport or store these fuels, you must be in compliance! Failure to comply may result in fines of up to $32,000 per day, per violation!!

The IRS will be providing Fuel Compliance Officers (FCOs) to assist the EPA in enforcing the various requirements under the new Ultra-low Sulfur Diesel Fuel regulations.

For more information on how NEFI can help...

Meet Revised SPCC Rules Via July 24 Online "Webinar"

Wed, 02 Jul 2008 09:09:44 -0400

The NEFI Legislative & Regulatory Action Center is offering an online seminar (or “webinar”) to help fuel dealers remain compliant with the newly revised SPCC regulations. The webinar is scheduled for July 24, 2008 at 10:00 AM. Estimated duration of this webinar is 1.5 hours.

SPCC revisions are complicated, varied and apply to BULK PLANTS WITH 1,320 GALLONS OR MORE. The closer the approach to the deadline (July 1, 2009), the harder it will be to find a qualified engineer to revise and certify your plan, obtain the necessary zoning permits, begin implementing the changes and hiring contractors to do the necessary work.

The webinar will be presented by NEFI’s Federal Regulatory Attorney Mark S. Morgan, Esq. and Tim Laughlin, registered engineer in NC and VA. The webinar will be presented via telephone conference and web-based PowerPoint presentation. For registration information

July 2008 Oil & Energy Available Online!

Tue, 01 Jul 2008 11:37:45 -0400

Our July issue features news on hedging, pricing, margins, NAOHSM coverage and more.

Industry Leaders Say Visions 2008 Conference Arrives at a Critical Time

Tue, 01 Jul 2008 10:30:58 -0400

The one conference dedicated to learning and planning for the future of heating oil operations and the diversified home energy business will land in Boston this September 9 and 10 with an intensive classroom approach to covering the most demanding finance, operations, information and productivity needs of the nation’s heating oil and propane delivery firms. Advance events on Monday, September 8, include a National Oilheat Research Alliance (NORA) board of directors meeting and scheduled biodiesel plant tour.

Family-Owned Heating Oil Company Testifies Before U.S. Senate

Tue, 01 Jul 2008 10:01:49 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

Victory! House Passes Bill Ordering CFTC to Get Tough on Speculation

ICPA’s Guilford Joins Financial Experts In Condemning Speculation

Bioheat® Receives ASTM Approval

NEFI's SPCC Webinar, July 24, 2008

House Bill Directs CFTC to Confront Oil Speculation

Mon, 30 Jun 2008 13:27:33 -0400

Late yesterday, the House introduced and passed the Energy Markets Emergency Act of 2008. H.R. 6377 directs the CFTC to take emergency action to address excessive speculation, swap transactions, and price distortion in energy markets. The bill’s passage, by an overwhelming majority of 402-19, sends a message to the energy traders that more legislation is to come.

PA Senate OKs Ban on LIHEAP Discount Mandates

Thu, 26 Jun 2008 13:56:58 -0400

Special Bulletin Issued by PPMCSA: The Pennsylvania state Senate, by a 50-0 vote, has passed SB 352 which if enacted, would have the effect of prohibiting the state from requiring oil vendors to offer discounts as a condition for participating in the LIHEAP program.

NEFI Member Burke Initiates First E85 Pump in New England

Wed, 25 Jun 2008 09:35:33 -0400

Dennis K. Burke, Inc., plans to hold a grand opening on Thursday, June 26th at their new biofuels center in Chelsea, Massachusetts. The celebration marks the first station in Massachusetts to offer E85 Ethanol at the pump. The station already has the distinction of being the first in Massachusetts offering biodiesel at the pump.

Thursday’s ribbon cutting at 10:30 a.m. will be hosted by company President, Ted Burke and Chairman of the Board, Ed Burke. Chelsea City Manager Jay Ash will emcee the event. Several state and local officials, as well as “green” industry friends are expected to attend.

ASTM OKs 5% Biodiesel in Heating Oil

Wed, 25 Jun 2008 09:24:12 -0400

ASTM International (formerly known as the American Society for Testing and Materials) has approved the inclusion of a 5 percent blend of biodiesel (B5) in heating oil, a significant boost to the 95/5 oil/bio blend used to create Bioheat® supported by the National Oilheat Research Alliance (NORA). It also clears the path for burner manufacturers (who heretofore conformed to 100% heating oil to meet UL approval) to now encourage use of Bioheat®.

Heating Oil Dealers to be Focus of U.S. Senate Hearing

Fri, 20 Jun 2008 16:14:00 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• Industry To Testify On Speculation Before House Oversight Committee
• BREAKTHROUGH: Federal Regulator to Limit Positions in London Oil Contracts
• VICTORY: Congress Passes Law to Close "Enron Loophole"
• IRS Instructs Fuel Compliance Officers to Enforce EPA Sulfur Standards
• IRS Under Pressure to Make Mid-Year Mileage Rate Change
• UPDATE: Battle Against Speculation

Oil Trading "Black Friday" Proves Markets Dysfunctional

Mon, 16 Jun 2008 09:57:17 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• What NEFI is Doing About Futures Market Dysfunction
• NEFI & MOC Tell Senate Small Business Committee of Industry Challenges
• Newt Gingrich 527 Group Starts Grass Roots "Drill Now" Campaign
• Small Business Administration: Major Overhaul of Size Standards Coming
• Available: NEFI Compliance Kit on Federal Hazmat Registration (Due July 1st)
• The Battle Against Speculation

BULLETIN! All Transporters of HAZMAT Items Must Comply With July 1 Registration

Fri, 13 Jun 2008 09:41:58 -0400

ALL companies that transport HAZMAT must have a valid U.S. Department of Transportation (DOT) certificate in the cab of their trucks by JULY 1, 2008. As a general rule, if you placard your trucks, then you must register your company with the DOT. Obtain compliance information from New England Fuel Institute now...

VISIONS 2008 Conference to Confront Oilheat's Most Pressing Issues

Tue, 10 Jun 2008 14:31:43 -0400

The VISIONS 2008 Conference lands in Boston this September 9 and 10 and will focus on the many challenges faced by fuel dealers in today's heating fuel market. Attendees will learn about maintaining profits today and how to plan for the future in this rapidly changing marketplace. Industry professionals will discuss topics such as managing reduced sales volume that may occur due to consumer conservation and the growing use of high efficiency equipment, new opportunities that exist for companies looking to diversify the services they offer, and the best strategies for buying fuel.

Pre-conference events on Monday, September 8, include a National Oilheat Research Alliance (NORA) board of directors meeting and a scheduled biodiesel plant tour.

For more information visit http://www.VISIONS2008.org or click "Read More" below.

Senate Cap & Trade Bill Does Not Go Forward for Now

Mon, 09 Jun 2008 09:50:14 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:
• PMAA Member Joins Soros and Others in Senate Hearing on Oil Manipulation By Traders

• NEFI Publishes Compliance Kit on Federal Hazmat Registration (Due July 1st)

• GAO Recommends AST Tank Registration to Aid EPA SPCC Enforcement

• Update: The Battle Against Speculation

• VFDA Relocates to Montpelier

Energy Trading Regulator Announces New Initiatives; Market Reacts

Fri, 30 May 2008 13:40:45 -0400

On Thursday, May 29th, the principal regulator of U.S. energy trading, the Commodity Futures Trading Commission, announced a series of new and expanded energy trading oversight initiatives. Immediately after the announcement, front month crude oil contracts on the Merc dropped and closed the day down $4.41 per barrel (refined products also declined). The new initiatives include:

1. A new agreement with their regulatory counterpart in the United Kingdom that would allow greater data sharing of U.S. Crude Oil contracts traded in that country (under the "Foreign Markets Loophole," also note that NEFI has not yet seen the details of this new international agreement);

2. Improved oversight of complex index and swaps trading (though the "swaps loophole," see Mike Masters testimony in lead story article);

3. A major announcement that since December of 2007, the CFTC has had an ongoing and "confidential" investigation into the "purchase, transportation, storage and trading of crude oil and related derivative contracts" to be certain "that the markets are properly policed for manipulation and abusive practices."

"Unequivocal Yes" to Question of Speculation Before Senate Panel is Making Waves

Fri, 30 May 2008 11:58:04 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• CFTC Commissioner Asks Senate to Investigate Off-Shore Energy Trading

• House OK's Energy Tax Breaks; Leaves Alone Renewable Diesel Credit for Heating Oil

Energy Trading Regulator Announces New Initiatives; Market Reacts

• Annual U.S. Dept of Transportation's HAZMAT Registration Due July 1st

June 2008 Oil & Energy Available Online!

Fri, 30 May 2008 11:05:02 -0400

Our June issue focuses on the challenges and diversification in the retail Oilheat industry.

Commodities Trading Commissioner Chilton (D) Raises Concerns Over Market Loopholes; Supports Examining Sovereign Wealth Funds

Wed, 28 May 2008 11:14:11 -0400

Washington, D.C.: In a letter to key Senators, including Lieberman of Conn., the commissioner of the Commodity Futures Trading Commission (CFTC), has thanked them for their work to close the "Enron loophole" and seek greater transparency in commodities trades, energy in particular. He also expresses support for reviewing the impact of contratces traded off-market and in foregin exchanges, and a determination of what roles sovereign wealth funds may have in commodities markets.

Industry Groups Descend on Washington!!!

Thu, 15 May 2008 13:34:25 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:
• Energy Market Speculation Is Now "Talk of the Town"
• U.S. DOT Proposes Increase In Annual HAZMAT Registration
• TSA Delays Compliance Deadline TWIC Enrollment
• 2008 UCR Registration Letters Sent to All Active U.S. DOT Number Holders

Webinar for SPCC Compliance

Fri, 09 May 2008 10:50:08 -0400

New England Fuel Institute has a July 2008 Webinar planned on Spill Prevention and Control Compliance (SPCC) issues, set for on or about July 1, which is the “one year out” date for full SPCC compliance.

All petroleum marketers with storage of any kind will want to participate. Mark S. Morgan, Esq., New England Fuel Institute Regulatory Counsel, will lead the regulatory discussion.

In addition to engineering firms with SPCC expertise, the webinar will include: fuel marketer(s) that have already met SPCC regulations correctly; banks for financing needs; and possible EPA participation at the close of the session. Watch for future RSS feeds, NEFI's weekly NEON e-letter, and visit www.nefi.com for later updates on this topic. (learn more at EPA site)

CFTC's Energy Market Advisory Committee Members Announced

Mon, 05 May 2008 16:10:44 -0400

The Commodity Futures Trading Commission has announced the members of its recently-formed Energy Markets Advisory Committee. CFTC Acting Chairman Walter L. Lukken is the Chairman of the EMAC. It is designed to provide a public forum to examine emerging issues related to the energy markets and the CFTC’s role in these markets under the Commodity Exchange Act. Sean Cota, Cota & Cota Oil & Propane, Bellows Falls, Vt., and the most recent past president of New England Fuel Institute, will serve on this committee. See full text of announcement and advisory members at:

NEFI Opposes Elimination of Tax Credit for Renewable Diesel Used in Heating Oil

Mon, 05 May 2008 16:00:53 -0400

Circulating in the Senate is a letter opposing the planned elimination of the $1.00 renewable diesel tax credit for heating oil. New England Fuel Institute was part of this effort and opposes the elimination of this tax credit for renewable diesel used in heating oil applications. (Congress does NOT plan on eliminating this tax credit for on-road diesel fuel -- again, just for heating oil.)

Energy Trading Oversight Update

Fri, 02 May 2008 16:11:29 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:
• Senator Olympia Snowe Proposes Diesel Fuel Excise Tax Cut
• FTC Urged by Congressional Leaders to End Market 'Manipulation'
• Extension of Alternative Fuel Tax Credit for Propane
• In New Bill, Rep. From California Wants Fuel Oil Companies Planting Trees
• Aviation Fuel Tax Increase Very Likely to Pass
• Energy Assistance Directors See Record Number of LIHEAP Recipients
• Administration Officially Denies Industry Request on Heating Oil Reserves
• U.S. DOT to Propose Rule Raising Mileage Standards for Light Trucks & Cars
• Heating Oil Retailers: Now is the Time for Bioheat®
• PMAA on National Ethanol Mandate Woes: We Told You So!
• Industry 'March On Washington' In Just Two Weeks!
• 2008 Visions Conference

CFTC Oversight Measure Included In Final Farm Bill

Tue, 29 Apr 2008 09:01:00 -0400

The commodity futures oversight measure and regulatory act that the Oilheat industry and its many allies have diligently worked for has been included in the final Farm Bill language under preparation by House and Senate conferees who are likely to get the bill ready for a final vote in both chambers within a week or two.

Industry "March on Washington" Just Three Weeks Away!

Thu, 24 Apr 2008 14:50:13 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:
• Industry “March On Washington” Just Three Weeks Away!
• NH Congressman Paul Hodes: Stop Filling SPR
• Futures Market Concerns Raised In Presidential Debate
• Switch to Summertime RVP for Conventional Gasoline Begins May 1
• In Op-Ed, NY City Council Member Calls For Bioheat Mandate
• One Way You Can Make A Real Difference for the Industry In 2008…
• Thank You 2007 NEFI Action Center Fund Donors
• NORA: www.OilheatAmerica.com Sponsors Sports Car

Outgoing NEFI President to Serve on New Fed Committee on Energy Trading

Fri, 18 Apr 2008 11:28:54 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:

• Despite New Coalition Effort, Fate of “Enron Loophole” Legislation Now Uncertain
• Powerful House Member Backs Energy Speculator Ban
• Participate in the Industry “Day On The Hill” Next Month!
• President Bush Revises Position on Greenhouse Gas Regulation
• EPA Report: Oilheat Led the Way to Greenhouse Gas Reductions in 2006
• Major Gov’t. Study of Huge Oil Field in Mid-West Complete
• 2008 Officers and Boards Elected at NEFI and EFI Annual Meetings
• NORA Reaches Out to HVACR Industry In March Workshop

CFTC Oversight of Volatile Energy Trades May Be in Reach

Thu, 17 Apr 2008 12:00:01 -0400

Energy Market Oversight Coalition (EMOC) urges passage of Farm Bill to gain commodity futures trading oversight amendment. Members of this coalition and energy consumers nationwide -- from homeowners to truckers, manufacturers to farmers -- have lost faith in the ability of the energy futures markets to determine a fair price for energy that reflects supply/demand fundamentals.

Industry Testimony on Speculation Excites Senate Energy Committee

Thu, 10 Apr 2008 16:15:08 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:
· House Summons Majors to Testify on Oil Prices
· Industry Representatives Meet With Officials Over Northeast Heating Oil Reserve
· DOE Sends Mandatory Petroleum Product Survey to Select Marketers
· FCC Steps Up Enforcement Against Companies Sending Unsolicited Faxes
· Study Finds 10 Percent of All B-100 Fails to Meet ASTM D6751 Specifications
· NORA Hires Ross; Keyser Returns to Her Family Oilheat Business in VT

In Strong New Bill and Testimony Before Senate, Industry Calls Out Wall Street’s Game

Thu, 03 Apr 2008 15:18:57 -0400

Read about the current energy issues in the latest edition of NEON, the free weekly e-letter published by New England Fuel Institute (www.nefi.com).
This week's headline news also includes:
• Airline Industry Joins Request for Heating Oil Release; Bush Administration Silent
• Treasury Secretary’s ‘Market Regulation Overhaul’ Proposal Ignores Industry Concerns
• NEFI Asks EPA to Exempt Parked Trucks From Certain SPCC Provisions
• Homeland Security Restarts “No-Match” Letters to Employers
• DOT Reports Delay In Several Important Rulemakings Affecting Marketers
• NEFI Announces New Insurance/Benefits Website!

NEFI President Cota Asks for Industry Relief Before Senate Committee

Thu, 03 Apr 2008 08:49:13 -0400

New England Fuel Institute President Sean Cota (Cota & Cota, Bellows Falls, VT) will address the United States Senate today urging release of all 1.97 million barrels of the Northeast Home Heating Oil Reserves and for Congress and the administration to implement real and substantial reforms to existing law and federal regulation designed to ensure fully transparent, accountable and stable energy futures markets.

Rep. Larson (CT) and Oilheat groups to unveil major new futures market reform bill

Mon, 31 Mar 2008 09:01:27 -0400

The New England Fuel Institute (NEFI) and The Independent Connecticut Petroleum Association (ICPA) and are endorsing the effort by Congressman John B. Larson (CT) to see a futures market reform bill enacted as a means of tempering the speculation and volatility in energy commodities trading that have contributed to the recent spikes in the price of home heating oil and other petroleum products.