The industry is facing its greatest threat since…the last greatest threat. Whether it is price spikes, embargoes, utilities, environmentalists, government, warm winters, etc., the industry has overcome many challenges. Today, electrification is the threat.
What is it that we have done successfully in the past that we need to refocus on? How is an industry that in 1859 sold “Pure Sperm Oil, Pure Straits Oil, Elephant Oil…No. 1 Lard Oil and Neat’s Foot Oil” still in business today? Perseverance.
Our presenter, Alan Levine has been here through it all. He helped develop the first MERC heating oil contract in 1977. When Alan started selling commodities futures, heating oil futures and WTI crude oil futures were the only two energy hedges. Today there are more than six hundred. Alan has had to adapt his business as he has helped his customers adapt theirs. A reminder of how we have persevered before is instructive as to how we will do so again.
3 сен 2020
