Author: Editor

OESP Welcomes Five New Corporate Members in 2018

The National Association of Oil and Energy Service Professionals (OESP) recently welcomed five new corporate members to the organization: Advanced Fuel Solutions, North Andover, MA Fluid Industrial Associates, Woburn, MA Fuel Ox, Hackettstown, NJ Plimpton & Hills, Meriden, CT Rinnai, Peachtree, GA The Corporate membership is a perfect choice for companies that have multiple people who want to be involved with OESP – wholesalers, rep agencies, manufacturers and even service companies. Corporate membership includes mention in our OESP News issues during the year as well as listing on our website and signage at the Eastern Energy Expo in May. OESP chapter meetings...

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America’s Truckers Press Trump Administration for Greater Infrastructure Funding

American Trucking Associations President and CEO Chris Spear said the following in response to the White House’s released infrastructure proposal: “It is heartening that the President is bringing the issue of infrastructure modernization to the forefront, but in order to address our nation’s needs, it is essential we identify real and immediate sources of revenue that are conservative and fair like the Build America Fund. “While the White House’s plan kick starts this debate, it unfortunately falls short of the President’s campaign promise to go big and bold, because it lacks the required federal investment.  A proposal that relies...

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NBB: ‘Grateful but Disappointed’ in One-Year Renewal of Biodiesel Tax Credit

Earlier today Congress passed a two-year budget deal that funds the government through March 23, 2018. This deal included a retroactive extension of the biodiesel tax credit for 2017, but not 2018. The National Biodiesel Board (NBB) issued the following statement: “The industry is grateful to our champions for their tireless efforts to ensure that all of our members’ transactions in 2017 will be properly covered by a retroactive extension of the blenders credit. Candidly, we are disappointed that some of the negotiators prevented the extension from covering 2018, as well. We will continue to make the case that...

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API Welcomes New Proposal to Fix Venting and Flaring Rule

API issued the following statement regarding the release of the Bureau of Land Management’s (BLM) new proposed rule addressing methane emissions related to oil and natural gas production. “We welcome today’s announcement by the BLM as an important step towards our shared goal of reducing emissions,” said API Upstream and Industry Operations Group Director Erik Milito. “We are supportive of smart regulation that is effectively tailored to BLM’s authority to prevent waste and conserve resources, an objective that our industry shares.  We are hopeful that the new proposed rule will strengthen our nation’s energy renaissance, our economy and environmental stewardship....

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EIA: The United States is Projected to Become a Net Energy Exporter in Most AEO2018 Cases

Principal contributor: Corrina Ricker Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 EIA projects that the United States will become a net energy exporter in 2022 in the newly released Annual Energy Outlook 2018 (AEO2018) Reference case, primarily driven by changes in petroleum and natural gas markets. The transition from net energy importer to net energy exporter occurs even earlier in some sensitivity cases that modify assumptions about oil prices or resource extraction. Sensitivity cases with less energy production project that the United States will remain a net energy importer through 2050. The transition of the United States to a net energy exporter...

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