The head of the state’s Consumer Protections Bureau continues to advocate for changes in state regulations that would give customers more protections when entering oil pre-buy contracts. Rob Stenger, Chairman of the Oil Heat Council of New Hampshire, says while that organization generally supports some changes, they oppose regulations they say would pose undue burden to dealers. When I spoke with Stenger, he began by explaining how the business of pre-buying heating fuel has changed in recent years.
The recent log jam in fuel delivery for some customers of Fred Fuller Oil Company has again led to calls for more regulation of what’s known as pre-buy contracts. Senior Assistant Attorney General and the head of the state’s Consumer Protections Bureau James Boffetti this month cautioned consumers that pre-buy agreements don’t provide adequate protection and said his office continues to advocate for changes in state regulations that would give customers better guarantees.
Two years after the Deepwater Horizon accident killed 11 men and sent oil spewing into the Gulf of Mexico, the oil industry says it has learned valuable lessons from the disaster that are making drilling safer today.
But there's still a pressing issue looming for the oil industry: Oil field workers are retiring in huge numbers, leaving a workforce that's younger and — more importantly — less experienced.
The rising cost of oil isn't just a hit to the family budget. Businesses are hurt, too. Few are more affected than firms like FedEx. It deploys nearly 700 planes and tens of thousands of trucks and vans every day to deliver packages around the world. And few business leaders are more focused on finding alternatives to petroleum-based fuels than FedEx CEO Fred Smith.
Shortly after Smith founded Federal Express, the 1973 Arab oil embargo almost killed it. The experience imprinted Smith with a keen interest in the price and availability of oil.
Shell Oil plans to explore for petroleum off Alaska's north coast this summer. The native people of Alaska have a big stake in both oil revenue and environmental protection. That conflict has played out in recent trips by Inupiats to Washington, D.C., to argue their case.
Only 7 percent of plastic waste in the United States is recycled each year, according to the Environmental Protection Agency. A startup company in Niagara Falls says it can increase that amount and reduce the country's dependence on foreign oil at the same time.
It all starts with a machine known as the Plastic-Eating Monster. Thousands of pounds of shredded milk jugs, water bottles and grocery bags tumble into a large tank, where they're melted together and vaporized. This waste comes from landfills and dumps from all over the United States.
Rising gas prices have been the big energy story of the past several weeks. But many energy experts say that's a sideshow compared with the really big energy event — the huge boom in oil and natural gas production in the U.S. that could help the nation reach the elusive goal of energy independence.
Since the Arab oil embargo of 1973, energy independence has been a Holy Grail for virtually every American president from Richard Nixon to Jimmy Carter to Barack Obama.
The deal was announced late Friday and prompted a federal judge in New Orleans to postpone a Monday trial, but the proposed settlement solves only one piece of BP's legal exposure from the worst environmental disaster in U.S. history.
President Barack Obama was in New Hampshire today talking about energy. As New Hampshire Public Radio’s Josh Rogers reports, the president said the country needs to increase oil production while also investing in newer sources of energy.
Billed an official visit, at times the President’s stop had the feel of campaign rally. Mr. Obama told the crowd he knew NH’s "political bull detector" was sharp, and urged voters to be wary of election year promises.
The dispute over Iran's nuclear program has again rocked oil markets. And Iran is threatening to close the Strait of Hormuz, which is just 34 miles wide yet serves as the passageway for 20 percent of the world's oil.
This is not a new drama. In fact, it was a recurring issue in the 1980s. Still, there's been relatively little activity among Gulf oil producers to find alternative routes to get their oil to market.
There are big plans for oil exploration in the Caribbean, not far off the coast of Florida. A Spanish company recently began drilling in Cuban waters — just 55 miles from Key West.
The well is the first of several exploratory wells planned in Cuba and the Bahamas. The drilling has officials and researchers in Florida scrambling to make plans for how they'll respond in case of a spill.
Dear EarthTalk: Is it true that gas furnaces cost less to run and burn cleaner than their oil counterparts? If I make the switch, how long should I expect it to take for me to pay back my initial investment? And are there any greener options I should consider? -- Veronica Austin, Boston, MA