House, Senate still at odds over policy
August 1, 2005 By LP Gas
Conferees are trying to iron out differences in the Energy Policy Act of 2005 passed by each House.
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Conferees are trying to iron out differences in the Energy Policy Act of 2005 passed by each House.
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Over the past few years, propane industry distributors have been more and more concerned about their role as the link between equipment manufacturers and propane retailers. These distributors, who have been among the staunchest supporters of the industry, say price-cutting competitors offering lower prices, but virtually no customer service, are squeezing them out. They’re frustrated over losing business to competitors who sell exclusively on bargain-basement pricing.
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In my 20-plus years of experience in the retail propane industry, working with one major and many independent marketers, I have seen many different ways to operate a propane company. So, what distinguishes the better operators that produce superior financial results and organic market growth from the laggards?
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At this writing, two teams in the National Basketball Association will have won their respective conferences and will square off in a couple of days to play a seven-game series to determine the world champion.
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I remember running home on the last day of grade school. Soon we would pack the old car and head up to the lake for the summer.
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The Department of Transportation issued a series of new rules this spring governing the transportation of propane.
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No matter what the weather and how efficiently and effectively your propane business runs, nothing happens — and no money is made — without customers.
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A problem in the propane industry today is that a lot of companies are struggling financially because prices are increasing, leading to higher accounts receivable balances.
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From mid-2001 through mid-2003, the $23 million spent for consumer education generated a $35 million net increase to the propane industry’s bottom line income – a 17.5 percent return on investment in the residential market over a 10-year period, according to a Virginia research firm.
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