Blog

Do You Want Visa Credit on Your Payroll?

Navigating interchange, the pricing matrix behind credit card pricing, is complex enough, writes Fuel Oil News contributor Larry Richmond, but now that complexity has been compounded by unexpected program changes and price increases from Visa Credit. It’s not good news for the heating fuels industry, Richmond says: Simply put, your Visa credit processing rates increased 25% – 50% overnight. The ...

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Fuel Cells and Trucks

The California Fuel Cell Partnership (CaFCP) released what it called “a new foundational document” for heavy-duty class 8 fuel cell electric trucks (FCETs), “Fuel Cell Electric Trucks: A Vision for Freight Movement in California and Beyond,” that envisions 70,000 trucks supported by 200 heavy-duty truck stations by 2035. “The vision emphasizes the urgent need for policies that unlock and accelerate ...

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Rethinking Budget Customers in a Subscription Economy

Hulu, Netflix, Birchbox, Blue Apron, Peloton, Disney Plus, Dollar Shave Club.These companies range in services from streaming, to food, to fitness. The one thing they have in common is that, unlike heating, these services are not necessities and until a year ago they were considered luxuries in most households. Marci Gagnon, vice president, strategic alliances, Qualpay. Over the past year ...

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NEFI Proposes Industry Survival Fund

Half-cent-per-gallon rack fee to protect, grow industry for future generations. 70% funds state association efforts, 30% national. Opt-out program would run Q3 2021 to Q4 2024. By Sean Cota, NEFI & Tom Tubman, AEC Since 2000, economic and political forces have driven some 3.5 million homes to convert from heating oil to other fuels, primarily natural gas and electricity.             ...

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Introducing ‘Renewable Revolution’

A new column by Tom Tubman of the American Energy Coalition and Sean Cota of the National Energy & Fuels Institute The oil heat industry came together on September 16, 2019 to adopt the Providence Resolution during NEFI’s HEAT Show (Heating & Energizing America Trade Show). It was an easy decision at the time, given the multitude of state legislative ...

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Kelly Burke: Massachusetts Passes ‘Aggressive’ Climate Bill

Massachusetts Governor Charlie Baker signed into law Senate Bill 9 “An Act Creating a Next Generation Roadmap for Massachusetts Climate Change Policy” that includes provisions described as “some of the most aggressive greenhouse gas emissions reductions targets in the country.” The ultimate goal of the bill is for Massachusetts to achieve net-zero carbon emissions by 2050, and includes 5 year ...

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The Night the Lights Went Out in Texas

On the evening of Sunday, Feb. 14, as the sun went down over the great state of Texas, so did outside temperatures. As the temperatures continued to fall that evening and on into the early morning hours of Monday, Feb. 15, at around 2 a.m., electric generators in Texas began to fall victim to the low temperatures, and lights began ...

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Hedging and History

We often will use technical analysis in our discussions with clients to help them make decisions on both short-window hedging and long-term hedging as they look toward the next heating season, writes Richard Larkin, founder of Hedge Solutions. Then he asks, What is technical analysis, exactly? And he explains: In short, it is a discipline that traders employ to help ...

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Social Media: Helping or Hurting Your Business?

Shane Sweet asks: Who has the ball on your company social media accounts? As I pen this in mid-January, over the past few days and in numerous discussions with industry folks, everyone seems to be a bit disturbed about the current divisiveness among Americans, and to my surprise, this level of concern seems to be equally shared by those who ...

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