the one thing regulators would not want to
see is the demands of new documentation
requirements contributing to a migration
of loan activity from the highly regulated
banking industry to an emerging group
of much more lightly regulated, non-bank
providers," said Banfield.
Open Letter tO the Indus-
try frOm space petrO-
Leum & chemIcaL cOmpany
I am a petroleum wholesaler in the Mid-
Atlantic states. A large percentage of my
portfolio is made up in heating oil and my
customer base includes many small, fam-
ily owned heating oil companies. They
are hardworking people who make a dif-
ference in their communities by treating
their employees like family, sponsoring
little league sports, holding fund raisers
and donating to various causes.
This is an industrious and entrepre-
Business OPeRATiOns
N e w s
24 JuLy 2014 | fueL OIL neWs | www.fueloilnews.com
neFi Visions 2014
The New England Fuel Institute's Visions conference ran June 10-
11, 2014, at the DCU Center in Worcester, Mass. Here are some of
the highlights.
Below: Industry officials display a placque showing the renewal of NORA legislation
on the 2014 Farm Bill. From left to right: Michael Trunzo, NEFI; John Huber, NORA;
Jim Collura, NEFI Gov't affairs; Ed Noonan, Noonan Energy; Jim Townsend, Townsend
Energy; Sam Bell, Echols Oil, SC; Howard Peterson, Peterson Oil.
Below: Robert Sculley, executive director, Oil Heat Council of
N.H. addresses the morning general session. Michael Trunzo,
president of NEFI looks on.
Below: Sean Cota of Lake Rudd Associates presents informa-
tion on propane marketing issues
Photographer: Dave Campbell
Below: Left to right: Joe Caneb of H.P. Hood; Eric Slifka, CEO
Global Companies, LLC; Michael Trunzo, president of NEFI;
and Howard Peterson, president of Peterson Oil show the
plaque presented to Global Companies in remembrance of
the contributions to the New England fuel industry by
the late Freddie Slifka.
