Page 15 - Oil and Energy-February 2013
Basic HTML Version
February 2013 • 15
Environment
Oil Solutions
Promises Fast,
Thorough Spill
Removal
OIL STORAGE SOLUTIONS, THE MAKER OF
the Tank Tub oil tank container, has an
eco-friendly cleanup product that can help
drivers, technicians and others remove
spilled oil thoroughly and quickly.
Known as Oil Solutions, the two-step
product can be used on any release or spill
to capture the spilled product for easy
removal and to eliminate odors, according
to Kevin Overhuls, who heads national
sales, marketing and operations for Oil
Storage Solutions. Due to increasing sales
volume, the company has reduced the price
so it is now comparable to other cleanup
products, he said.
“Overfills, leaky oil filters, leaking
oil tanks and broken hoses are a major
problem for oil companies,” he explained.
“Oil Solutions can clean these releases up
in seconds.” He said the products are green
and completely harmless.
Oil Solutions is a practical solution for
the Oilheat industry, according to Overhuls.
“When you’re making deliveries in winter,
you have to keep moving or you lose money.
If the driver or technician has a release, they
can remove the product, eliminate the odor,
lift the stain and get back to business.”
Oil Solutions is a complete fuel oil
clean-up product. It works like this: For
pooling/standing fuel, pour Oil Solutions
powder on it. It immediately turns fuel into
rubber that can legally be dumped in the
trash. For oil odor and oil stain, you pour/
spray the Oil Solutions liquid on it, which
encapsulates it so it is safe to wipe up or
leave in place to disappear on its own. Oil
Solutions can be used on gasoline, No. 2 oil,
motor oil, hydraulic fluid, mercaptan and
more and is safe for any surface.
To learn more, view the DVD that came
with this issue of
Oil & Energy
or visit the Oil
Solutions website at
Overhuls can be reached at 631-608-8888.
EIA EXPECTS CONTINUED
GROWTH IN OIL PRODUCTION
U.S. crude oil production increased
in 2012 due to growing volumes of
crude oil produced from tight oil forma-
tions, and the U.S. Energy Information
Administration (EIA) expects more of
the same this year and next.
U.S. total crude oil production aver-
aged 6.4 million barrels per day (bbl/d)
in 2012, the highest annual average
rate of production since 1997, and an
0.8-million-bbl/d increase from 2011,
according to EIA. Looking ahead to
2014, EIA foresees U.S. crude oil pro-
duction increasing to 7.3 million bbl/d in
2013 and 7.9 million bbl/d in 2014 – the
highest annual rate of crude oil produc-
tion since 1988.
Here are other highlights of the most
recent edition of EIA’s
Short-Term Energy
Outlook:
• EIA expects that falling crude prices
will help national average regular
gasoline retail prices fall from an
average $3.63 per gallon in 2012 to
annual averages of $3.44 per gallon
and $3.34 per gallon in 2013 and
2014, respectively. Diesel fuel retail
prices averaged $3.97 per gallon during
2012 and are forecasted to fall to an
average of $3.87 per gallon in 2013 and
$3.78 per gallon in 2014.
• EIA expects the Henry Hub natural gas
price will average $3.74 per MMBtu in
2013 (compared to $2.75 per MMBtu in
2012) and $3.90 per MMBtu in 2014.
• EIA expects that the Brent crude oil
spot price, which averaged $112 per
barrel in 2012, will fall to an average
of $105 per barrel in 2013 and $99 per
barrel in 2014. The projected discount
of West Texas Intermediate (WTI)
crude oil to Brent, which averaged $18
per barrel in 2012, falls to an average
of $16 per barrel in 2013 and $8 per
barrel in 2014,
• EIA expects total U.S. liquid fuels
consumption to rise slowly over the
next two years to an average 18.8 mil-
lion bbl/d in 2014, driven by increases
in distillate and liquefied petroleum gas
consumption, with flat gasoline and jet
fuel consumption.
Petroleum
It’s time to
get in gear.
What are you doing to adapt to dramatic changes in the retail
energy industry? Now is the time to shift your focus to the future
with a business plan developed through our
5-Year Strategic
Planning Exercise for Energy Dealers
. Call Joe Ciccarello today
to schedule a
5-SPEED
session for your company.
Vision
s
Direction
s
Success
ACCOUNTANTS
|
BUSINESS ADVISORS
781-407-0300
Gray, Gray & Gray’s
5-Year Strategic Planning
Exercise for Energy Dealers
