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CEMA
By Philip Baratz, Angus Energy
The surprising announcement over the weekend that the Saudis intend to play hardball with the Russians caught the market by surprise and led to the biggest drop in oil prices that we have seen since the Gulf War. The backdrop to the Saudi announcement that they would increase production was the decision by OPEC+ to drop production by 1.5 million barrels per day to attempt to balance an already weak market anxious over the COVID-19 uncertainty.
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CEMA
Connecticut has followed suit, after several states in our region have acted to prevent the spread COVID-19 coronavirus, by declaring a civil preparedness and public health emergency. Although there have been only two confirmed cases in the state, recent action by New York to create a "containment area" around New Rochelle where Governor Cuomo has dispatched the National Guard to deliver food to homes and to help with the cleaning of public spaces, helped prompt action in Connecticut.
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CEMA
Last week, the Labor and Public Employees Committee held a public hearing on a bill (S.B. 354) titled AN ACT ESTABLISHING A GREEN NEW DEAL FOR CONNECTICUT. The bill institutes a carbon tax and transitions the heating and transportation sectors from fossil fuels to electricity.
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CEMA
Several bills that would impact our motor fuels members were heard over the past week including bills concerning the transfer act, online lottery, banning flavored vape products, and prohibiting the sales of energy drinks to people under 16.
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CEMA
CEMA President Chris Herb testified against a bill last week that would legalize the recreational use of marijuana. CEMA’s Legislative Committee, Chaired by Rick Bologna of Westmore Fuel (Greenwich) has expressed concern about the impact legalization would have on the pool of CDL HAZMAT drivers.
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CEMA
Learn How to Enhance Your Budget Program & Protect Your Fleet
March 31, 9:00 a.m.–1:00 p.m.
CEMA Offices, 10 Alcap Ridge, Cromwell, CT 06416
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CEMA
As part of our tradition of bringing you to the top golf courses in the state, including Lake of Isles, TPC River Highlands and the Hartford Golf Club, we go for the first time to the Great River Golf Club in Milford this spring. Unlike some of the older country clubs we've been to, Great River is a modern course, designed by Tommy Fazio, opening in 2001.
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CEMA
We return to Foxwoods to celebrate CEMA’s 70th Anniversary. Founded in 1950 as the Connecticut Petroleum Association, this year’s Annual Meeting will focus on the future of our industry for the next 70 years and beyond, as well as board elections effective for 2021 and special industry recognitions.
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CEMA
On March 4, about 65 CEMA and PGANE members gathered in Hartford at the State Capitol to meet with their local legislators about issues that will affect our industry.
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CEMA
Through March 30, the state of Connecticut prohibits the sale of pre-pay/pre-buy contracts to residential customers. Fixed price contracts and other guaranteed price contracts where a customer does not pay for the fuel in advance of delivery is permitted during the moratorium.
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CEMA
Last Friday, CEMA and PMAA submitted comments regarding the Transportation Climate Initiative (TCI), which is a collaboration of 12 Northeast and Mid-Atlantic States and the District of Columbia led by the Georgetown Climate Center. TCI seeks to improve transportation, develop the clean energy economy, and reduce carbon emissions from the transportation sector.
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CEMA
Report by Rick Schweitzer, NEFI Regulatory Counsel (regulations@nefi.com)
The Federal Motor Carrier Safety Administration's (FMCSA's) draft final rule to amend driver hours of service (HOS) regulations has been sent to the Office of Management and Budget (OMB) for review and approval.
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CEMA
The gas utility tariffs for March are in. You can compare these rates to your own prices. Gas tariffs were up slightly for Eversource and slightly down for CNG and SCG from February. These utility tariffs below are expressed in heating oil gallon equivalents, and so present gas rates on a British thermal unit (Btu) to Btu equivalent basis with heating oil.
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CT News Junkie
The Democratic co-chairs of the Labor and Public Employees Committee are looking to move the goalposts for reducing greenhouse gas emissions further than Gov. Ned Lamont.
The proposal is part of a bill that’s dubbed a “Green New Deal.” The bill that recently received a public hearing calls for greenhouse gas emissions to be lowered by 80% by 2050. Lamont had called for a 45% reduction by 2030.
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Hartford Courant
From idled snow plow businesses to ski areas hoping for one good storm to retailers with stocks of unsold shovels, the question over the past couple of months has been: What happened to winter?
In contrast to previous years when a polar vortex blanketed eastern Canada and the Northeast, delivering bitterly low temperatures and back-to-back nor’easters, this winter has been a rain-soaked bust.
“It is somewhat unusual,” said Gary Lessor, meteorologist at Western Connecticut State University. “Winter just went on hiatus.”
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NBC Boston
Columbia Gas, the utility behind the deadly 2018 Merrimack Valley gas explosions, will pay a $53 million fine and be sold by its parent company, NiSource, after agreeing to plead guilty in connection with the disaster, authorities announced recently.
U.S. Attorney Andrew Lelling said in a press conference that Columbia Gas had agreed to plead guilty to felony violation of the Pipeline Safety Act after a federal investigation found "wholesale management failure" at the utility led to the disaster.
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MassLive
A federal investigation into the placement of card skimmers on gas pumps in Massachusetts, Maine, Connecticut and New Hampshire led to the discovery of nearly 5,700 credit and debit card account numbers, according to paperwork filed in Boston federal court.
The accounts were contained in text messages and equipment that authorities from the United States Secret Service discovered during the investigation into a card skimming ring.
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S&P Global
A state lawmaker in Connecticut, which is a global hub of the insurance sector, wants to take a big step toward getting U.S. insurers to join European peers in moving away from coal and other fossil fuels.
State Sen. Matt Lesser is a co-chair of the Connecticut senate's insurance committee, and he is trying to pass a bill requiring the state's insurance commissioner to study and report on climate change issues. Lesser said Connecticut is interested in doing whatever it can to aid a transition to a low-carbon economy.
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Yahoo!
Following a recent favorable appeals court decision, the American Trucking Associations (ATA) will resume its fight in a lower court against monthly tolls totaling up to $1.5 million collected from carriers hauling freight in and through Rhode Island.
The U.S. Court of Appeals for the 1st Circuit denied a petition by the Rhode Island Department of Transportation (RIDOT) asking for a review of the court's earlier decision in favor of ATA.
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