January 4, 2016
Steve Yetiv is a professor of international relations at Old Dominion University and the author of "Myths of the Oil Boom: American National Security in a Global Energy Market" Oil prices have fallen dramatically to the mid-$30s on the New York Mercantile Exchange from more than $105 per barrel in 2014. Such extraordinarily low prices are affecting global stock markets, big oil exporters, and consumers worldwide. How can we explain this crash, and where are oil prices headed?
September 7, 2015 |
The U.S. oil boom has been a salvation for the Philadelphia area's embattled refineries, creating an abundant source of discounted petroleum that instantly improved their competitiveness. Those refiners now fear that a movement in Congress to lift a ban on exporting crude oil will erase their newfound market advantage. They worry that overseas refiners will gobble up U.S. crude and sell it back to Americans in the form of gasoline, diesel, and heating oil. "By lifting export restrictions and sending our crude overseas, we would be sending American jobs overseas, as well," Jeffrey Warmann, chief executive of Monroe Energy refinery in Trainer, testified at a Senate Energy Committee hearing in March.
March 15, 2015 |
Edmund E. Anyzek Sr., 80, of Gloucester City, owner of Anyzek Fuel there since 1957, died of cardiac arrest Tuesday, March 10, at Virtua Marlton Hospital. Born in Camden, Mr. Anyzek graduated from Camden High School and worked for a time at the former GAF paper mill in Gloucester City. In 1957, he became owner of the firm founded by his father, Edward S., in 1932. "We specialize in residential and commercial heating oil and diesel fuel deliveries," Mr. Anyzek's son, Edmund E. Jr., said.
June 21, 2014 |
By July 2015, all home heating oil sold in Philadelphia would have to meet new sulfur limits unanimously passed Thursday by City Council. The limits would "make a tangible difference in the health of our citizens" by improving air quality, said Councilwoman Blondell Reynolds Brown, who sponsored the measure. It now goes to Mayor Nutter, who is expected to sign it. The bill was intended to put the city in alignment with sulfur standards in surrounding states - so the city would not become a dumping ground for dirtier fuel - but the timetable actually moves the city to the forefront.
June 13, 2014 |
A measure to reduce sulfur in home heating oil - saving lives and health-care dollars, as well as easing air pollution, its advocates say - passed unanimously out of Philadelphia City Council's environment committee Wednesday and heads to the full Council today. The bill, proposed by Councilwoman Blondell Reynolds Brown, would lower the sulfur limit from 2,000 parts per million - a level passed in 1978 - to 15 parts per million, putting the city in line with neighboring states. Only Pennsylvania has a higher limit - 500 parts per million.
January 18, 2014 |
PHILADELPHIA A charitable fund used primarily to buy heating oil for poor elderly Philadelphians may be out of money within a week. "It's very dire," said Holly Lange, president and CEO of the Philadelphia Corp. for Aging (PCA), which administers the Emergency Fund for Older Philadelphians on behalf of a coalition of 22 social-service agencies. The fund is considered a service of last resort - the safety net beneath all other safety nets - because people can receive payments from it only if they have already exhausted government programs that provide energy assistance.
June 23, 2012 |
The Pennsylvania Public Utility Commission on Thursday approved the transfer of pipelines connected with the ConocoPhillips refinery in Trainer, removing an obstacle to the refinery's sale to Delta Air Lines Inc. The PUC approved the late-hour request on a fast track after the companies involved in the sale realized that some pipelines came under the jurisdiction of the utility commission, and that regulatory approval was required. The application was filed on May 25. Commission chairman Robert F. Powelson extolled the PUC's contribution to efforts to assist in the Delaware County refinery's sale, which is being supported with $30 million in grants from the Corbett administration.
March 20, 2012 |
Devon Crawford was happy to run into some of his old coworkers Monday, but he wished they were meeting a few miles away along the Delaware River, amid the grit and refinery flares. "It's unfortunate that we have to see each other like we're seeing each other," he told them. The occasion was a congressional hearing in Aston Township, Delaware County, on the closing of oil refineries in nearby Trainer and Marcus Hook and an impending shutdown in South Philadelphia. Crawford, the father of boys 10 and 14 who worked as a pump operator at ConocoPhillips in Trainer, is among the hundreds who have lost their jobs.
July 6, 2011 |
Boyd C. Davis Jr., a former West Chester Borough Council member and a scion of a gasoline and heating-oil fortune, was arrested Tuesday on charges of "massive theft" from the estates of his parents, Boyd Davis Sr. and Nelda Wynn Davis. Chester County Deputy District Attorney Ronald Yen said the case against Davis, 70, included allegations of forgery and receiving stolen property "in excess of $100,000" from fraudulent transactions made primarily between 2006 and 2007. The 45-page affidavit of probable cause details 105 instances in which Davis is alleged to have used his power of attorney to misappropriate money from his parents' accounts, or put up their properties as collateral.