Fuel Oil News

Fuel Oil News March 2014

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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tanks, piping and auxiliary equipment for oil burners and permanent stationary sys- tems that fuel diesel-powered engines for pumps and generators for primary, standby or emergency use. To download a read-only draft of the document and to comment, visit www.pei. org/rp1400. Founded in 1951, PEI is comprised of more than 1,600 companies engaged in man- ufacturing and distributing equipment used in the fuel and fluid handling industry. Members are located in 50 states and 81 countries. PEI is a leading authority and source of information for the fuel and fluid handling equipment and services industry. The association is com- mitted to promoting the value of distributor services, and improving the business rela- tionships and practices of its members. PEI is headquartered in Tulsa, Okla. For additional information, please contact Chris Bouldin at cbouldin@pei.org or visit www.pei.org. API Urges swIft APProvAl of lNg exPort APPlIcAtIoNs API Director of Upstream and Industry Operations Erik Milito welcomed the recent authorization by the Department of Energy of liquefied natural gas exports from Cameron Parish, Louisiana and urged the agency to quickly process over 20 remaining applications. "It's a positive sign for the U.S. economy that the Department of Energy has continued to work through these export applications," said Milito. "The faster these terminals are approved, the faster Americans can enjoy the full benefits of the U.S. energy revolution brought about by advancements in hydrau- lic fracturing and horizontal drilling. LNG exports represent an immediate opportunity to create thousands of jobs, grow the economy and reduce our trade deficit. This facility alone promises a potential investment of over $4 billion, and each export approval strengthens our competitive position in the international market. We urge Energy Secretary Moniz to ensure that 2014 is the year we lock down America's trade advantage as the world's lead- ing producer of natural gas." Milito noted that the DOE's analysis utilized the latest projections from the U.S. Energy Information Administration, which show that expectations for U.S. LNG exports have jumped by 160 percent since last year. According to the EIA's 2014 Early Release Annual Energy Outlook, the U.S. will be a net exporter of LNG in 2016, as rising pro- duction creates new export opportunities while keeping domestic prices low. Milito also cited a recent study of U.S. job gains and economic growth associated with future exports of LNG. According to the report, by ICF International, the eco- nomic benefits of LNG exports will extend far beyond natural gas-producing states, driving national job growth and increasing demand for U.S. steel, cement, equipment and other goods. API is the only national trade associa- tion representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API's more than 580 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine busi- nesses, and service and supply firms. NYAcs' DIck wArreNDer PAsses Dick Warrender, founding President of the New York Association of Convenience Stores, passed away February 5 at his daughter's home in Vermont. With John MacDougall, Bob Seng, Kevin Noon and others, Warrender co-founded NYACS in 1986. Colorful, straight-talking and enthu- siastic, he took on the role of staff executive, building NYACS into a respected voice on c-store industry issues in Albany and an effective statewide vehicle for indus- try interaction and problem-solving. "Without his work ethic and pioneering spirit, it never would have succeeded," said current NYACS President Jim Calvin. "His legacy is a member-driven trade asso- ciation as professional, engaged and lively today as the one he helped create 28 years ago." After leaving NYACS in the early 1990s, Warrender served for 10 years as the New York State Advocate for Persons With Disabilities under Gov.George Pataki. In 1996, he was one of the first individuals inducted by NYACS into the New York Convenience Store Hall of Fame. Calendar of Events April PPA Education - April Various Dates (visit site for details) AC/Gas/Electric Website:www.ppmcsa.org Atlantic Region Energy Expo, April 29-May 1, 2014 Atlantic City Convention Center, Atlantic City, N.J. Website: www.areetradeshow.com. Phone: 973-467-1400 MAy PPA Education – May Various Dates (visit site for details) Hydronics/HAZMAT/Hot Air/Basic AC Website:www.ppmcsa.org F.W. Webb's Vermont Expo May 1, 2014 Barre, VT Website:www.fwwebb.com National Association of Oil & Energy Service Professionals Roadshow May 12-13, 2014 Mohegan Sun, Uncasville, Ct. Website: www.naohsm.org Phone: 888-552-0900 Oiheat Manufacturers Association Spring 2014 Meeting May 21, 2014 Beckett's New England Technical Center, Sturbridge, MA. Phone: 802- 325-3509 PMAA Washington Conference and Day on the Hill May 21-23, 2014 (Wednesday-Friday) Day on the Hill is May 22 (Thursday) Washington Marriott at Metro Center Phone: 703-351-8000 Vermont Fuel Dealer Conference May 28-29, 2014 Snowflake Resort, Stowe, Vt. http://www.vermontfuel.com/ Phone: 802-230-4722 DAtElinE BREAkiNG NEWS 4 MArcH 2014 | fUel oIl News | www.fueloilnews.com

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