This is from OPIS*********************

2000-02-07 10:50:25 EST ***NEW YORK HEATING OIL SUPPLY THREATENED UNLESS STATE GRANTS WAIVER The state of New York may allow marketers to sell off-spec heating oil for a limited time in supply-starved New York Harbor. The New York Department of Environmental Protection has already been granted a limited waiver from complying with a tight 0.2% sulfur spec due to an ongoing supply squeeze that has heating oil selling for nearly $2 gal in the Harbor in some instances. New York petroleum marketers are seeking a similar waiver, saying its the only way they can continue to serve customers in that market. Empire State Petroleum Association has urged Governor George Pataki to raise the sulfur requirement 0.2% to 0.37% for a period of two weeks, and allow imports that don't meet the strict New York City sulfur spec of 0.2%. The waiver granted to NYDEP allows for 0.37%. But marketers say the waiver won't do much good unless it's granted to everyone. The association is also urging the state to give New York heating oil marketers some financial aid. The specific request is for small business loan funds be set up for financially strapped heating oil dealers who have "all but exhausted" their bank lines of credit purchasing heating oil for resale. The record-high wholesale prices have made it very difficult for marketers to meet the 10 or 15-day payment terms when they bill residential customers on a 30-day basis, says ESPA. The state is also urged to pay all contract bills owed for heating oil and kerosene deliveries. One particular dealer is owed $1.1 million for fuel supplies over a recent three-week period, says ESPA. - Mary Welge

-- (cashtradr@aol.com), February 07, 2000

Answers

Heating Oil goes too far it'll become COB and THEN watch the fur fly. This is only just beginning, unless someone can show me why it ain't. They just got, what, 9 mil gal's end of last week?? and they are STILL in trouble?? Looks like the deliveries are like using a garden hose to put out a 2 acre grass fire, to me.

bive this another week or 2 and even if we DO get an early spring, the repercussions are gonna be large.

Chuck

(COB = Cash On the Barrelhead an old General Store term)

-- Chuck, a night driver (rienzoo@en.com), February 07, 2000.

They were supposed to have gotten 9 million by the weekend, but I'm wondering if they've been able to offload it. Remember when, at the end of the previous week, there were problems offloading supplies. Have to wonder if there aren't similar problems now.

-- (cashtradr@aol.com), February 07, 2000.

Where's Harbor Guy when ya really need'm

-- kevin (innxxs@yahoo.com), February 07, 2000.

(COB = Cash On the Barrelhead an old General Store term)

LOL. Chuck. I got barrelheads, but no cash.

-- rocky (rknolls@no.spam), February 07, 2000.

On an earlier post , it was noted that the 9 million was a " TWO DAY supply ! Get the idea ? Eagle

-- Hal Walker (e999eagle@FREEWWWEB.COM), February 07, 2000.