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Oil's bright future
BloombergView
In January 2011, during his State of the Union speech, President Barack Obama called oil "yesterday's energy." Here's the reality: Oil has been "yesterday's energy" for more than a century. And yet, it persists — because of continuing innovation that allows drillers to produce more oil and gas faster and more cheaply than ever before.
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Legislative Updates



Will new EPA power plant rules trade carbon for methane?
The Christian Science Monitor
The Environmental Protection Agency's new regulations aimed at reducing carbon emissions by 30 percent will no doubt lead to a cleaner economy. But the road there will be paved with methane. By requiring reductions in the energy intensity per megawatt-hour of electricity generation, utilities will have the ability to choose from an array of options for how to meet the targets.
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House GOP unveils energy spending bill
Politico
House Republicans proposed a $34 billion energy and water budget that restores almost $1 billion in White House cuts from the Army Corps of Engineers and instead takes money from renewable energy programs prized by President Barack Obama.
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Sen. Collins: Rest rules for truckers backfiring
Portland Press Herald
U.S. Sen. Susan Collins of Maine helped move the Senate a step closer to suspending federal regulations requiring certain hours of rest for long-haul truck drivers. Highway safety advocates, including a mother from Lisbon whose son was killed by a tired trucker, said Collins' amendment could increase the risk of fatal accidents involving tractor-trailers.
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 MEMA Special Events

Date Event More Information
June 10-11 New England Fuel Institute's 2014 Visions ConfrenceDCU Center, Worcester
June 22-24 60th Annual Convention The Samoset Inn & Spa
July 30 MTEC Technician TailgateCabela's Scarborough
Aug 25 22 Annual J Garrie Murray Golf Classic Penobscot Valley Country Club, Orono Maine



Industry Headlines



OPEC ministers signal output to remain on hold
The Associated Press via ABC News
All is not well within OPEC as the oil cartel focuses on how much crude to pump for the rest of the year. Kurds in Iraq are defying the central government and selling their oil directly abroad. Nigeria is hurting due to shale oil production in the United States, its most important customer. While worrisome for the two countries, such problems may help global supplies. But there is trouble in production, as well. Sales from Iran, normally second only to Saudi Arabia, are severely crimped by sanctions. And internal conflicts and domestic chaos have slashed Libya's exports. The upshot is that OPEC oil ministers are likely to keep their production targets unchanged at their meeting.
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Railroads wrangle with states to keep oil shipments secret
Bloomberg Businessweek
The Department of Transportation ordered railroads to start giving state emergency response teams basic information about trains hauling crude oil through their cities and towns. The idea is that if armed with at least some details on these shipments — when they're arriving, how much oil they're hauling — state emergency teams can be better prepared just in case something happens. Like a train derails. But railroads aren't so keen on providing that information.
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$100,000 awarded to promote bio-based manufacturing
Mainebiz
The Environmental Health Strategy Center has received a $100,000 grant to develop and promote bio-based manufacturing in Maine as part of its "Plants to Products" initiative. The nonprofit group received the grant from the Elmina B. Sewall Foundation, according to a press release.
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Propane supplier Ferrellgas sees revenue jump, earning rise a bit
The Kansas City Star
Ferrellgas Partners of Kansas City said revenue in its recent quarter rose 20 percent, to $722.1 million, but earnings were up just 1.6 percent because of higher propane and gas costs.
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LAST WEEK'S MOST POPULAR ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Augusta's Mayfair neighborhood not yet warming to natural gas (Kennebec Journal)
Maine Energy IQ campaign is underway (MEMA)
Group challenges Maine, New England gas-line expansion plan (Portland Press Herald)
Maine provides additional funding for Mainers to install heat pumps (Maine.gov)
Got wood? Firewood dealers say don't wait for fall (Portland Press Herald)

Don't be left behind. Click here to see what else you missed.


Convenience Stores



The American convenience store turns 50
CBS MoneyWatch
Before there was 7-Eleven or Wawa, there was John Roscoe, the forefather of the modern convenience store. On June 10, 1964, Roscoe began selling gasoline at his Big Top convenience store in Westminster, Colorado, outside Denver, from a 2,400-square-foot building that sold grocery staples such as milk, bread and soda. This was a radical idea at the time, when the vast majority of gas stations were full-service and convenience stores were just starting to open.
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TravelCenters of America 'widening the road into c-stores'
CSPnet.com
TravelCenters of America LLC may be on the prowl for additional convenience store deals following its acquisition of 31 Minit Mart c-stores in Kentucky and Tennessee for $67 million from Fred's Minit Mart LCC, Bowling Green, Kentucky, in late 2013.
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MEMA Randoms
Colby Horton, Vice President of Publishing, 469.420.2601
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Domini Davis, Content Editor, 469.420.2661  
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