Certified Energy Specialist
Need a Fuel Sample Tested?
| We Can Have Samples Tested For;|
- Microbes (Bugs)
- Bio Content
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We Work With CamVac USA to Clean Dirty or Contaminated Tanks!
Contact Shaun for more info.
PLC Energy Division News and Comment
Trouble Getting Your Tractor or Semi Started in the Winter?
Maxtron Enviro Edge 5W-40 Full Synthetic Diesel Engine Oil is your Answer.
This relativly new Cenex product has been receiving positive feedback from customers. They seem to really like the cold flow properties compared to a 15W-40 or 10W-30 and they tell me that their equipment starts much easier at colder temps. Considering that most engine wear occurs at startup, using an oil that lubricates quicker and easier at startup prolongs your engine life.
This is also a full synthetic product, which allows you to extend your drain intervals. For example, here at PLC we were changing the oil (15W-40) in the grain division's semi's every 10,000 miles. We tested the Maxtron Enviro Edge 5W-40 by extending the drain intervals and sending samples to the lab to make sure the oil was holding up. As a result, we are now on 25,000-30,000 mile oil chage intervals. Triple the oil life for only 50% more cost means you save money too.
New EPA Tank Requirements Take Effect 2013
*The Compliance date has been moved to September 30th, 2013*
|Beginning September 30, 2013, the EPA will begin enforcement of Spill Prevention, Control, and Countermeasure (SPCC) rules. All facilities with more than 1,320 gallons of aggregate aboveground fuel* storage are subject to the SPCC rules, which means that secondary spill containment will be required around all storage vessels. |
- Secondary containment must be able to hold a volume equal to the storage vessel(s) it encloses plus additional runoff
- Double wall tanks do not require secondary containment
- The cost of a single wall tank with a suitable secondary containment system is approximately the same as the cost of a double wall tank of the same size.
For detailed information on specific SPCC provisions, visit:
Charting the Market 5/21/13
U.S. dollar vs. Crude Oil
July crude oil climbed to a 2-week high after the dollar weakened and after the S&P 500 posted yet another record high, which may bolster economic confidence and energy demand. The dollar index closed lower yesterday while crude finished 69 cents higher. The chart demonstrates the strong inverse relationship over time between the U.S. dollar and crude oil. Lately we have seen days when both crude and the dollar have both gained.
Topics Impacting Today's Energy Market 5/21/13
Group 3 Gasoline Basis: Group 3 gasoline basis dropped 11 cents mid-day yesterday in spite of a band of severe weather that stretched from Texas to Minnesota killing at least 51 people in the suburbs of Oklahoma City. There have been no storm related production upsets so far. Thin stocks and refinery work across the region have been supportive to Group 3 basis but has lost over 20 cents over the last few days as refiners are bumping up rates. Current Group 3 unleaded basis is trading at 39 cents over NYMEX.
Brent Crude: The European benchmark crude is lower this morning on concerns that the U.S. Federal Reserve might scale back its quantitative easing program. The Brent to WTI spread was down to $7.62
Syria: Crude oil rose yesterday as Syrian government forces started an offensive against rebels, renewing concern that conflict may spread and destabilize the Middle East further.
Inventory: Bloomberg is expecting tomorrow morning’s DOE inventory report to reflect a 800,000 barrel crude draw, a 550,000 barrel gasoline draw, a 1 million barrel distillate build. Refinery rates are expected to increase to 88.4 percent, up 0.4 points from last prior week and the highest rate in 4 months. Today’s API report will be released at 3:30 pm central time.
Comments: Crude is slightly lower on a higher dollar this morning and ahead of API and DOE reports which will measure market fundamentals. Traders will also be watching for comments from the Fed which are expected to shed light on whether their bond purchasing program will be scaled back.
The information contained herein is accurate to the best of our knowledge and belief. This report and any views expressed herein are provided for information purposes only and should not be construed in any way as an inducement to buy or sell. CHS Inc. does not accept any liability for any loss or damage howsoever caused to anyone trading in reliance upon such information. Any prices indicated are subject to change with market conditions.