PMAA’s Immediate Past President Sam Bell met this week with
Senator Tim Scott (R-SC) to discuss the huge cost of the
proposed EPA ozone regulations. Sam was in town to
participate in emergency preparedness meetings with the Oil
and Natural Gas Sector Coordinating Council (industry) and
the Oil and Natural Gas Government Coordinating Council.
Because PMAA is actively involved in the national
development of emergency preparedness and response systems
and policies, PMAA is available to assist you and answer questions from government officials not only before and
after a disaster, but also if you are visited by government
officials who plan to review your emergency plans.
U.S. REFINERS CONTRIBUTIONS TO CLEAN AIR
The American Fuel and Petrochemical
Manufacturers (AFPM) reports that emissions from U.S. fuel
manufacturers have decreased substantially over the last two
decades, even as U.S. petroleum fuel production increased
during the same time period. These findings, combined with
other Environmental Protection Agency (EPA) data showing
continuous and significant reductions in all criteria
pollutants economy-wide, raise further questions regarding
EPA’s rationale for proposing new National Ambient Air
Quality Standards (NAAQS). The study commissioned by AFPM
and conducted by Sage Environmental Consulting, revealed a
significant reduction in both criteria air pollutant (CAP)
emissions and hazardous air pollutants (HAP) emissions
during the period of investigation from 1990 to 2013.
The analysis also highlights that despite density and
sulfur content of crude oil feedstocks increasing over 16
percent during the study period, the primary CAP emissions –
sulfur dioxide, nitrogen oxides and volatile organic
compounds – fell by 91 percent, 67 percent and 69 percent,
respectively. The total HAP emissions similarly declined by
“The numbers don’t lie. EPA’s data shows
U.S. air quality continues to improve, despite arguments to
the contrary, and domestic refiners have significantly
contributed to that trend. The air is cleaner today than it
ever has been and so are fuel manufacturing operations,”
AFPM President Charles T. Drevna said.
EPA is in the
process of finalizing new emissions control standards to
reduce ground-level ozone from the current level of 75 parts
per billion (ppb) to between 65 and 70 ppb, a rulemaking
that could reduce U.S. Gross Domestic Product (GDP) by as
much as $140 billion per year according to a recent report.
The current standard was enacted in 2008, but the Agency did
not finalize implementation regulations until February 2015.
“The refining industry’s demonstrated commitment to
improving efficiencies and investing in technological
advancements to process both heavier and lighter crude oils
will guarantee further emissions reductions without overly
burdensome new requirements,” Drevna said. “It is important
to recognize that ozone-forming emissions will continue to
decrease due to the 2008 ozone standard, the implementation
of which did not even begin until earlier this year.
Revisiting the standard now typifies the proverbial analogy
about moving the goal posts. Policy makers need to look at
these facts before approving little-to-no benefit
regulations that will impose additional costs on domestic
ENERGY SECRETARY COMMENTS ON CRUDE OIL EXPORT BAN
Energy Committee Chairwoman Talks Jones Act
Secretary Ernest Moniz said this week that major oil companies
still have not presented a compelling case for lifting the ban
on U.S. crude oil exports. Moniz said, “This is a Department
of Commerce issue, so I'm not for it or against it,” Moniz
said. “I'm just saying from an economic perspective, we still
import 7 million barrels of crude a day, so I don't think the
economic arguments have been compelling.” The Energy Secretary
also said that U.S. exports of liquefied natural gas (LNG)
will hit 10 billion cubic feet per day within a decade while
declining to comment on the Keystone XL pipeline.
Meanwhile, Senate Energy and Natural Resources Committee
Chairwoman Lisa Murkowski (R-AK) continued her push for full
repeal of the crude oil export ban while acknowledging that
passing legislation to repeal the ban faces an uphill battle.
“We're negotiating with Iran, which could result in 1 million
barrels of Iranian oil to the global market every day. Our
crude export ban equates to a sanction against ourselves,”
Murkowski said. The Energy Committee Chairwoman also said that
while she supports the Jones Act, she is not against reviewing
it to see how it impacts oil and refined product markets.
PMAA JOINS COALITION TO FIGHT PROPOSED AFUE STANDARDS FOR RESIDENTIAL BOILERS
PMAA is participating in a newly formed coalition to oppose
a Department of Energy proposed efficiency standard for
boilers. The proposed rule would amend existing annual fuel
rating efficiency (AFUE) standards for residential boilers
using natural gas, propane and heating oil. AFUE is the
ratio of annual heat output of the furnace or boiler
compared to the total annual fossil fuel energy consumed by
a furnace or boiler. The DOE’s Notice of Proposed Rulemaking
(NPRM) proposes new minimum AFUE levels of 85 for gas and 86
for oil fired hot water boilers. Currently the AFUE standard
for gas and oil fired hot water boilers are 82 and 84,
PMAA is concerned that the proposed
standards are not technically feasible for natural draft
systems and imposes an unjustified economic burden on both
manufacturers and consumers. The NEFI lead coalition is
partnering with NORA and other interested parties in a new
laboratory and field study on oil heating appliance venting
and how these issues may affect AFUE efficiency standards.
The coalition will seek to delay any change in AFUE
standards until results from the study are completed. The
coalition will also testify at a DOE public meeting on the
subject later this month.
FEDERATED’S RISK MANAGEMENT CORNER
An Impossible Skill
As you’re reading this article, are you doing something else
at the same time? Maybe you’re eating, listening to the radio,
or even planning your day. You might think you’re
multitasking, but—and this may come as a surprise—you’re not.
Scientists have learned that our brains don’t process more
than one stream of information at a time.
When you read, your brain absorbs the information it receives
through the act of reading. You may be conscious of the radio
in the background, but, to be fully aware of the song that’s
playing, your brain drifts to the music for a few seconds.
When that happens, you no longer comprehend the words on the
page. The time “away” is so fleeting that you may not realize
you’re not fully focused on the original task of reading,
leading you to believe you’re multitasking.
click here to read this article in its
entirety. For additional information or to discuss this in
further detail, please contact your
Federated regional representative or PMAA’s National
Account Executive Jerry
PMAA PARTNER SPOTLIGHT FEATURING: MERIDIAN ASSOCIATES, INC.
What Beats Petroleum
unknowingly make decisions that literally drive their
business worth DOWN in the last few years before they sell.
Do they mean to do that? Of course not! Their decisions are
rational and warranted in their minds. But those decisions
send their value tumbling.
We catch these faux pas
because in our Meridian valuations we tell marketers how to
increase their company’s value, something that CPA firms
typically don’t dare risk.
Please read Betsi’s full
here to find out what the six common
tragic pitfalls are and how to avoid them. To learn more
about PMAA’s Platinum Partner, Meridian Associates, please
visit or contact them at 800.728.9008.
PMAA MEMBER SERVICES SPOTLIGHT FEATURING: CORD FINANCIAL SERVICES
Benefits of ATMs in Your Store
owners must find ways to attract customers to their stores
and more importantly spend money there. A MasterCard study
shows that consumers may use debit cards for routine
purchases, but they still visit ATMs more often for small
cash withdrawals. ATMs are also an essential part of a
merchant’s business. Please read about the benefits of
having an ATM in your store
To learn more about getting your ATM
placement in your business, please visit,
email or call
800.410.5217, Option 4.