It has been about six years since an Environmental Defense Fund (EDF) staffer first looked out the window in our New York City office, saw black smoke coming from a building’s chimney, and wondered what it was. This concern led to EDF’s Bottom of the Barrel report, which determined the smoke was caused by No.… Keep reading →
New York Energy Week is kicking off its third year next week! The energy industry event series has quickly become a must-attend gathering for businesses, government leaders, financial players, legal professionals, members of the environmental community and citizens interested in the exciting ways energy production, transportation and consumption are evolving. New York finds itself on… Keep reading →
Mobile devices are at the forefront of transforming the energy industry in general and the delivery of propane and petroleum in particular. This milestone coincides with a strong tradition of personal values, as many businesses in this space are family-run companies with a longstanding sense of history within their respective communities. In this regard, technology… Keep reading →
The energy industry is in the midst of a digital renaissance, thanks to the union of mobile devices and real-time intelligence. The latter enables providers of propane, butane and home heating oil to streamline operations, save money and transform the way they do business. I refer, specifically, to that elusive ideal known as – that… Keep reading →
The news has been buzzing about heating fuel demand and price spikes due to sustained frigid temperatures across much of the US. Roughly 80% of homes primarily heated with oil are located in the northeast, where the market has flipped into backwardation, meaning spot prices are higher than those for future delivery contracts. “This steep… Keep reading →
Northeast distillate inventories decreased by 19% in the past 3 weeks and are currently 50% below the 5-year average, according to the EIA. “Demand for heating oil has outpaced supply during January’s cold snaps, resulting in a drawdown of stocks… In addition to increased demand from consumers that regularly use oil heat, press reports indicate… Keep reading →
European governments and businesses are discussing the next round of carbon emissions targets once existing greenhouse gas reduction goals expire in 2020. The Institutional Investors Group on Climate Change says binding targets are needed to make investors confident in putting money into upgrading power generation infrastructure. “Setting out an ambitious 2030 emissions reduction target of… Keep reading →
The EIA’s latest Short-Term Energy and Winter Fuels Outlook finds US households heated with natural gas, propane and electricity face higher heating bills this winter. Homes in the northeast that use heating oil will pay slightly less for the fuel than last year. These price movements are primarily due to changes in underlying commodity prices,… Keep reading →
By Jackie DeAngelis It’s getting cheaper for Americans to fill their tanks and heat their homes, but analysts warn that consumers are unlikely to show signs of an economic windfall. The national average for a gallon of regular gasoline now runs $3.31, down 13 cents in a month and lower by 28 cents from the… Keep reading →
Goodbye, No. 6 Heating Oil. Hello, Cost-Effective Cleaner Fuel Options.
By John SchultzWhy natural gas is the right alternative for the dirty heating oil phase out The coming end to the use of No. 6 heating oil is an important positive step forward for improving the air quality of New York City. Of course, for building owners, making the transition poses significant challenges since about 30 percent… Keep reading →