Fuel Oil News

Fuel Oil News May 2012

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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EDI TO R' S NO T E Keith Reid have been important to the industry. John Savage passed away at his home in A North Wales, UK at the age of 99. His life marked by numerous achievements in fuel logistics. He was truly one of those giants in the industry whose engineering pre- sence is still felt today. A more complete obituary can be found on page 10. It's always struck me how much attention gets paid nationally to death of celebrities and others who, though notable by public exposure, have not done things all that exceptional. What John Savage accomplished was truly exceptional. On a more personal note, it's with sad- ness that I have to report the passing of a friend of the magazine, and someone I would consider a personal friend in our business world, Peter Beutel, who died of a heart attack on March 8 at the age of 56. Peter was an analyst and partner with the Stamford, Connecticut-based commodity information provider Cameron Hannover and the author of the book "Surviving Energy Prices." He could frequently be seen or read in the top financial news outlets. I have not yet acquired a formal obi- tuary, but I can state the following. Peter was always gracious with his time, even with a humble trade journalist. He had been hard to get in touch with the last time I called him about two months ago and apologized, noting he had been having 8 Winter arrives in spring Note: A version of this column appeared in our sister publication, NPN Magazine S SPRING ARRIVES, BRINGING WITH IT renewal, I am sad to announce the passing of some individuals who some health issues. He downplayed the seriousness of those issues, but obviously things were more serious than he let on. I first interviewed Peter in the aftermath of Hurricanes Katrina and Rita on the price gouging accusations that were being pushed at the time. He became one of our key "go to" guys for both this magazine and our sister publication NPN Magazine when looking at refined product trends and in discussions over oil speculation. He most impressed me when in early 2008 he pre- dicted the collapse of the then high (and increasing) oil prices when such predictions were few and far between. He was proven abundantly correct a few months later. To me, Peter was not just a great source but a great guy and a fun interview. He had an interesting and amusing way with words blending issues like current oil spe- culation with historical comparison to the Habsburg Empire; or the "modern reality" of supply and demand not forcing correc- tions in the price of crude to the reality of the great plagues in Europe as something that seemed equally unending to those suffering. Not really all that easy to work into an article, but something that made you personally look forward to the next call. He was also honestly concerned over the impact of the prices on the industry, particularly fuel oil dealers. My condolences to Peter's family and friends, and to those of John Savage. MA Y VOL . 7 7 NO. 0 5 EDITORIAL STAF F Editorial Office 1030 W. Higgins Road Suite 230 Park Ridge, IL 60068 847/720-5600 Editor Keith Reid 847/720-5615 kreid@m2media360.com Managing Editor Debra Reschke Schug 847/720-5618 dschug@m2media360.com Columnists Charles Bursey, Sr. John Griffin George Lanthier EXECUTIVE STAF F President/CEO and Group Publisher Marion Minor List Rentals/ Reprints – Cheryl Naughton 678/292-6054 Fax: 360/294-6054 cnaughton@m2media360.com PRODUCT ION Production Manager – Mary Jo Tomei Art Director – Andrew Stamm ADVERT ISING SALES East – Dave Campbell, Associate Publisher 413/528-2364 Fax: 413/528-8835 dcampbell@m2media360.com Central & South – Rich Alden 603/899-3010 Fax: 603/899-2343 ralden@m2media360.com West – Ken Jordan 972/540-2122 Fax: 972/540-2127 kjordan@m2media360.com MAIN OF F ICE 1030 W. Higgins Road Suite 230 Park Ridge, IL 60068 847/720-5600 • Fax: 847-720-5601 CUSTOMER SERVICE 845/856-2229 • Fax: 845/856-5822 Fuel Oil News P.O. Box 4290, Port Jervis, NJ 12771 M2MEDIA360 Membership applied for 7/1/2010 BEV-AL COMMUNICAT IONS INC. Marion Minor Gerald Winkel President/CEO Director of Finance Joanne Juda-Prainito Mary Jo Tomei MAY 2012 | FUEL OIL NEWS | www.fueloilnews.com VP Audience Develolpment Production Director

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