US Gas Boom or Boomlet


August 2019 / We all know instinctively that the U.S. is awash in natural gas. What may be surprising is that in some parts of the country, there isn’t even a drop to burn. As an illustration, earlier this year Con Ed and National Grid placed a moratorium on accepting any new natural gas customers in most of Westchester County, Brooklyn, Queens and Long Island. The reason is jammed-up supply...

Better Green Than Waterworld


JUNE-JULY 2019 / The NYC Council recently passed legislation setting new standards for greenhouse gas emission from buildings. The measure aligns with Representative Alexandria Ocasio-Cortez’s Green New Deal. The bill would cut pollution from city buildings by 40% over the next 10 years as part of New York’s overall environmental goal of reducing greenhouse gas emissions by 80% to...

Factors Affecting Crude Oil Prices


May 2019 / The Arab world is facing its own version of an Iron Curtain, imposed not by external actors but through domestic forces vying for power. — Jamal Khashoggi While America has been a superpower for almost a century, its emergence as a global energy superpower is relatively new. As an illustration, as recently as 2015 it was illegal to export oil. This all changed with the shale boom which...

Heating Oil Hedging, Explained


March 2019 / The year was 1978 and I was a newly-minted bank lending officer at Irving Trust Company in Manhattan. Fresh out of high school and desperate for any type of recognition, I volunteered to join a small group of adventurers involved in introducing a futures contract on the New York Mercantile Exchange (the Exchange) to local heating oil dealers. For the uninitiated, the Exchange opened...

They’ll Love Me When I’m Dead


January 2019 / If you want a happy ending, that depends, of course, on where you stop your story. — Orson Welles In the world of New York City diesel-based heating oil, the story for No. 6 residual oil came to an end in 2015, while No. 4 oil will be eliminated by 2030. With that looming timetable it is surprising to learn that as many as one-third of all New York buildings are still using No. 4...

Ron Spurga, United Metro Energy Corporation

Best-selling financial author, Wall Street investment banker, social commentator, award-winning poet, energy consultant, off-Broadway producer, and community organizer in Robert Kennedy’s presidential campaign, Ron Spurga is the ultimate Renaissance Man.

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