Fuel Oil News

Fuel Oil News January 2015

The home heating oil industry has a long and proud history, and Fuel Oil News has been there supporting it since 1935. It is an industry that has faced many challenges during that time. In its 77th year, Fuel Oil News is doing more than just holding

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www.fueloilnews.com | FUEL OIL NEWS | JANUARY 2015 11 Fuels eIA N e w s OpEN ROAd pRESS RELEASES E-bOOk ON HEdgINg Open Road Press has published an e-book entitled "Hedging Commodity Price Risk: A Small Business Perspective" by Tim Bishop. The book is aimed pri- marily at small businesses that would like to more effectively manage the risk of fluctuations in commodity prices, interest rates, weather or foreign cur- rency exchange rates. Other business partners, such as owners, lenders, direc- tors, lawyers and accountants, who are exposed to hedging through their asso- ciation with these small businesses, will glean useful insight into hedging. "Hedging confuses most people," said Tim Bishop. "And, before now, those who went online to find a simple, straightforward book were out of luck. There are certainly many books out there on hedging, but most of them are extremely complex and aimed at either financial professionals or academia. Furthermore, some of these books cost well over $100. I wanted my book to fill a gap in the market. It is for the small businessperson who doesn't have the time or patience to pore over masses of complex explanations and mathematical formulas, who needs practical informa- tion to help run his or her business more effectively and more profitably. I've pro- duced a useful book that explains the basics, while presenting some practical examples that novices can understand." Bishop's e-book discusses the differ- ent types of commodity price risks that can be hedged and introduces hedging tools designed to address those risks. The book also presents an overview of how the financial markets that trade these hedging tools work. Additional content describes the types of risks that arise when one does hedge. There is also a commentary on the accounting for hedges. With over 30 years of business expe- rience, Tim Bishop has seen hedging from all angles. He has served as trea- surer of a large heating oil distributor and as a board member for an ocean- front oil terminal. He has devised and executed hedging strategies. As com- pany treasurer, he was also responsible for compliance with financial reporting standards, tax law and debt covenants. Bishop is now a business consultant and an author. "Hedging Commodity Price Risk: A Small Business Perspective," published by Open Road Press, retails for $9.99 US. The e-book has a publication date of September 15, 2014 and is available online at Amazon, Barnes and Noble, and Kobo Books. With 44,000 words, it is equivalent in length to a 200-page paperback. It comes professionally edit- ed with 17 illustrations and a fully linked index, glossary, and helpful webpages. pUTNUS REcEIvES NEW YORk cERTIFIcATION On Nov. 18, 2014 Jeffrey Hale Suntup, the inventor of PUTNUS, received from the State of New York Department of Agriculture and Markets a Certificate of Approval for Weighing and Measuring Devices. The National Conference on Weights and Measures under the National Type Evaluation Program on Dec. 7, 2011, issued a Certificate of Conformance (CC# 11-112) for the PUTNUS a self-contained DC or AC powered portable custody controlled liq- uid measuring device with various tank sizes for diesel, fuel oil and home heat- ing oil products that is used to dispense small quantities (<50 gallons) to the customer. This unit may also be used in a stationary installation. PUTNUS is being marketed in the United States with the anticipation of international sales marketing commencing in the second quarter of 2015. TOmmY WEbbER, SpARTAN TANk, SpARTANbURg, S.c., bEcOmES A FULL-LINE AmTHOR INTERNATIONAL dISTRIbUTOR Tommy Webber and his team at Spartan Tank & Trailer, Spartanburg, S.C., have joined Amthor International as a dis- tributor of the full Amthor product line. Webber spent over 50 years in the sales and manufacturing of refined fuel and all related tank trucks. He served as a sales representative for an area com- petitor, for just over 40 years. After leav- ing in 2009 he founded Spartan Tank and Trailer along with his son, Stephen. Spartan Tank is a growing distributor of vacuum, oil, portable restroom, water, propane and refined fuel trucks. "We are delighted to have been invited by the Amthor team, and know this will bring further opportunities that will take Spartan Tank and Trailer to new levels," stated Webber. "We welcome Tommy and Spartan Tank to the Amthor team and are delighted that he has agreed to join us," stated Butch Amthor, EVP. "Tommy brings years of experience, knowledge and con- tacts within our industry; he is extremely well respected in the industry for his abil- ity and willingness to help customers. It is a huge honor for Amthor International to have Tommy on board." Webber can be reached at 888-371- 8265 or at tommy@SpartanTank.com. cRUdE OIL pRIcES dOWN 20% SINcE JUNE Growing oil supply and slowing demand has pressed U.S. and global crude oil prices down more than 20% since last June, says Brian Milne, energy Tommy Webber

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