Dear NEFI Members and Supporters:

The National Energy & Fuels Institute (NEFI) is closely monitoring the ongoing International Longshoremen's Association (ILA) strike affecting East Coast and Gulf Coast ports. We want to assure our members, their customers, and the public that based on current information, we do not anticipate significant disruptions to the liquid fuels supply chain.

The U.S. Department of Energy has stated that the strike "will not impact crude oil, gasoline, natural gas, and other liquid fuel exports and imports, as such operations are handled by other workers." That said, we are maintaining communications with regional suppliers to ensure minimal impacts on our sector.

It is unclear how long the strike may last. The federal Taft-Hartley Act allows the President to order a temporary halt to any strike that could potentially harm the U.S. economy. However, the White House has suggested the President will not intervene at this time. That calculation could change if the labor dispute drags on and the election – just over one month away – draws closer.

While we're also monitoring ongoing tensions in the Middle East, current events there do not appear to be significantly impacting U.S. energy markets at this time. As always, we remain vigilant to any developments that could affect our industry.

NEFI and its members are committed to meeting all heating and home comfort needs this winter. Our industry has a long history of resilience and adaptability, and we stand ready to ensure that our customers remain secure, safe, and warm throughout the heating season, regardless of external challenges.

We will continue to monitor this situation closely and provide updates as necessary. Please reach out anytime if you have additional questions or concerns.

Best,

Jim Collura
Acting President & CEO
National Energy & Fuels Institute (NEFI)