The Industry’s Inexact Science
January 1, 2008 By LP Gas
There was no method to Sam McTier’s madness. This, he admits. When it came to ridding water from a large propane container, the industry veteran tried just about everything.
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There was no method to Sam McTier’s madness. This, he admits. When it came to ridding water from a large propane container, the industry veteran tried just about everything.
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The ranch spans 40,000 acres and houses some of the largest deer in Texas. In this state, hunting is a billion-dollar industry.
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In this second column of a series, we address the financial fundamentals of a startup retail propane operation. This two-dimensional visual is useful in talking about the important financial components of your startup operation.
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In the Frank Capra classic It’s a Wonderful Life, an angel is sent down to shepherd and protect one of the flock. Through insight and intervention, Clarence the angel earns his wings by looking out for George Bailey, a man who has lost sight of his priorities and purpose.
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Perhaps December really is the season of miracles. For the first time in more than 30 years, Congress has passed and the president has approved an increase in the corporate average fuel economy standard (CAF?) as part of the new energy law. Congress approved the measure overwhelmingly – 314-100 in the House and 88-6 in the Senate.
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When computer programs streamlined for propane companies hit the market, ReedGas chose its own route. Instead of buying another company’s product for its in-house programming, the southwest Louisiana propane business built its own from scratch.
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Important issues for the propane industry are near the finish line as Congress returned in December to complete its business for the year. Will they cross the finish line or run out of gas?
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Tom Nichols had little choice. Working in the electronics industry, he had to embrace technology and adapt to change, or the world and his competitors would pass him by.
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Once the federal government merged nearly two dozen agencies into the new Department of Homeland Security five years ago in the name of combating terrorism, two results were inevitable – more regulations and more fees to pay for those regulations.
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What are the critical challenges facing propane retailers, and how are they being addressed?
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