Robert Weygand: “The Northeast has traditionally been a geographically hard location for much transportation of resources, like home…”

“The Northeast has traditionally been a geographically hard location for much transportation of resources, like home heating oil and gasoline. We also have a very older style of architecture which often causes us to have very inefficient buildings and, unfortunately, that leak during the wintertime of heat and resources and energy. We also have a much colder environment in the Northeast than most parts of the country. All these factors lead to us as being big consumers of home heating oil. Unfortunately, also over the years we have reduced the amount of inventory that we have traditionally had the capability of keeping in the Northeast. In 1991 we had about 4 million barrels of home heating oil on reserve in the Northeast. Since the Gulf War, we have traditionally built it up, to last year we had about 17 million barrels on hand. But this year we dropped to almost an all-time low back down to about 4.5 million barrels. Inventory is an important part of making sure that the Northeast has an adequate supply to provide for home heating oil. This bill will go a long way to improving the inventory.”