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May 10th, 2012

Heating Oil Is Becoming a Bit Cleaner

by Andrew Price, President & COO

Number 2 heating oil will soon be a bit cleaner. States in the northeast are reducing the amount of sulfur that can be contained in the fuel. Sulfur dioxide is one of six “criteria pollutants”, along with ozone, lead, carbon monoxide, nitrogen oxides, and particulate mater that are subject to national standards established by the EPA. Sulfur dioxide, created by the combustion of fossil fuels like heating oil, is a major precursor of acid rain and fine particulate soot.

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May 3rd, 2012

What is ??Wet? Natural Gas?

by Andrew Price, President & COO

Previously I wrote about record low NYMEX natural gas prices. The rapid expansion of natural gas production from shale is a key factor driving prices lower. Shale gas production has remained high – even as prices plummet – for many reasons. One important driver of shale gas production is that higher value products can be associated with the natural gas that comes out of the well. In many wells Natural Gas Liquids (NGLs) are the prize; therefore the value of the natural gas that also comes out of the well can continue to fall without putting exploration and production companies into the red. NGLs have maintained their value as they are also derived from expensive crude oil.

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