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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Fuels News welcomes federal report showing API U.S. energy revolution driving exports API welcomed a report from the U.S. Department of Commerce revealing that growth in the U.S. oil and natural gas industry contributed to record exports in October. The U.S. trade deficit shrank to $40.6 billion, a drop of about 5.6 percent, driven by low energy imports and increased exports of industrial supplies and materials, including petroleum products, according to the report. The Energy Information Administration also noted that U.S. exports of distillate fuel are up 30 percent from last year. "The U.S. energy revolution is rapidly strengthening America's position in the global economy, creating millions of jobs, and reducing our trade deficit," said API Chief Economist John Felmy. "American innovations in hydraulic fracturing and horizontal drilling have unlocked vast energy reserves, and this growth is critical to the president's efforts to double U.S. exports and reduce our reliance on imports. "Domestic oil and gas production not only creates opportunities for energy exports, it makes the U.S. a more affordable place to manufacture valuable products for sale around the world. But to take full advantage of this opportunity, it's important that the Department of Energy quickly address the backlog of applications to export liquefied natural gas and create thousands of new jobs here in America." Recently, API unveiled a new study demonstrating U.S. job gains and economic growth associated with future exports of liquefied natural gas. API is a national trade association that represents all segments of America's technology-driven oil and natural gas industry. Its more than 550 members — including large integrated companies, exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms — provide most of the nation's energy and are backed by a growing grassroots movement of over 15 million Americans. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy, delivers $85 million a day in revenue to our government and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives. on a trail run, he came up with the idea to create a separate entity in honor of his sister that would be dedicated to fostering non-profit relationships. "The name 'Charity Oil' came to me instantly. I needed to make something positive happen after so many friends and neighbors helped my family through the loss of a loved one," said Spiegel. "The idea is that we partner with like-minded fuel companies such as CITGO and other distributors who deliver fuel and heating oil to customers at a discount to help support charitable work in their local communities." To accomplish its mission of helping others, Charity Oil currently partners with Mack Services Group and RF Ohl in Pennsylvania and SOS Xtreme Comfort in New York, but plans to expand its distributor base to 15 in the future. These distributor partners utilize their existing distribution channels and their heating oil customers decide which of the Charity Oil non-profits will receive their 5 cents per gallon donation. During the month of October, Memorial Sloan Kettering Cancer Center was the sole beneficiary of these donations in honor of Spiegel's sister and in recognition of National Breast Cancer Awareness Month. "I was searching for an idea bigger than just one person or Charity Oil Warms Hearts and Homes in New York and Pennsylvania CITGO Marketer Robert Spiegel believes in giving back to his local community and in the great power of family. These personal beliefs combined with his family's expertise in the petroleum industry led to the creation of Charity Oil, a nonprofit organization that provides quality heating oil at an affordable price and donates to charities selected by the customer. The inspiration for Charity Oil grew out of tragedy. The Spiegel family lost Robert's sister Jodi Spiegel Fisher to breast cancer in 2004. During her battle with the illness, Robert became an avid runner to help cope with his sister's ailing health. While www.fueloilnews.com | FUEL OIL NEWS | JANuary 2014 11