US Northeast has cause for concern over heating oil supply but no cause for panic

Low inventories, memories of last January's cold snap, tight supplies of natural gas, and renewed threats to stability in the Middle East have all contributed to new worries about US heating oil supplies for the coming winter. These concerns have created pressures for government action at the federal, state, and local level. Some measures have already been taken: the creation of a Northeast Heating Oil Reserve, the recent offer of 30 million bbl of oil from the Strategic Petroleum Reserve, and new requirements imposed by New York and New Jersey that large, interruptible-gas customers hold 7-10 days of alternative supply.1 Others have been proposed, including a ban on distillate export...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected