The oil well runs dry at Macungie bus...

The oil well runs dry at Macungie business

There are 28 comments on the The Morning Call story from Mar 8, 2008, titled The oil well runs dry at Macungie business. In it, The Morning Call reports that:

Prepaying home heating oil is usually a very good investment. But that's assuming the oil dealer will make good on his promise to deliver the fuel -- something R.P. Hutchinson Inc.

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Nick

Nazareth, PA

#1 Mar 8, 2008
you would be insane to buy a house with oil heat
mac8

AOL

#2 Mar 8, 2008
Anyone that pays ahead of time for anything is asking for trouble, I love these people the prepay for their funeral expense! Seems Macungie is a target, even the former TWSP supervisor had their hands in the cookie jar.
Ok know it all

Bethlehem, PA

#3 Mar 8, 2008
Everyone knew this for 100 years, right?
The problem is the oil companies make the average Joe sign a contract. No pay, no oil. BUT when the price goes up, its ok for them to not deliver. Bullsh*t. The customer can never win. They have a contract. There'd be a lawsuit.
Caveat Emptor

AOL

#4 Mar 8, 2008
Let the Buyer Beware.
Joe Blow

Bristol, PA

#5 Mar 8, 2008
Thank God I converted my house to natural gas heat about 3 years ago...
moral hazard

Bethlehem, PA

#6 Mar 8, 2008
"Thank God I converted my house to natural gas heat about 3 years ago..."

I wonder if you'll be saying that next year.
rich G

Saint Petersburg, FL

#7 Mar 8, 2008
I believe all those affected by the oil companys failure to deliver the prepaid oil should be allowed to tap into the owners assets to reclaim the monies owed so the victims can afford to by heating oil from another supplier. ( he probably to the prepaid monies and gambled the price would come down and he could make a killing'howevere oil went sky high and now he can 't afford to buy same.
Not suprised

Stroudsburg, PA

#8 Mar 8, 2008
This isn't the only oil company that has closed down. Some are making sure they have little or no assets, and some are filing bankruptcy. Was this company around for a long time, or fairly new? Our oil company has been around for many years and last year they did not sell any pre-paid oil plans. I, myself would not buy a pre- paid plan. People would be better off putting the money in savings and getting a small interest on it. Then, take the money out as you need it to pay for your oil. As for Yeager's, I think they should get their act together, businesswise. You don't give oil to customers without getting paid. Stop giving out oil on credit.
Make the customer's pay cash or use a credit card, that way the oil comapny isn't stuck.
Jmo
Davey

Bethlehem, PA

#9 Mar 8, 2008
Nice to see Reichley earning his illegal pay raise.
comment

Korea

#10 Mar 8, 2008
One business's failure is his competitors gains.

Should have used a hedge against the contracts he issued! Business is big stuff and these little dealers do not know how to use derivatives properly to lock in their risk exposure.

He is something for you in the Lehigh Valley. Lehigh University has M.S. degree in Analytical Finance which specilizes in quantitiative financial and financial instruments. It also has an MBA, some of these companies should part with $100,000 per year and go higher some of these bright young minds. They will help you improve your business and lower your risk exposure.
Timing

Center Valley, PA

#11 Mar 8, 2008
This was a pretty good story ... in the Express-Times yesterday.
i suppose

Philadelphia, PA

#12 Mar 8, 2008
Nick wrote:
you would be insane to buy a house with oil heat
People are insane to buy homes with electric heat too.
hombre

Kernersville, NC

#13 Mar 8, 2008
All you people who believe the malarky given on TV, radio and print ads by "The Better Home Heat Council" take warning. They are nothing but a MARKETING, ADVERTIZING and LOBBYING association of oil heat dealers out to convince you that their product "oil heat" is a better, safer value. Try checking with non-profit energy groups and see which is actually a better heating value on a true per gallon per heating BTU ratio. Better yet call up your heating oil contractor and tell them you are switching to natural gas or propane and see how fast they tell you that they also handle propane! Most heating oil companies in the valley all within the last five years or so started handling propane cause they know it is a better fuel and GREED makes them want to get in on it too. Most companies also have several branches and several names and depending which of their phone numbers you call you get the same office but different oil prices for the same product delivered in different trucks from the same business. Most oil discounters are all part of the local big name companies. By the way, the Hutchinson company has been around for probably 40 plus years.
goon

Allentown, PA

#14 Mar 8, 2008
comment wrote:
One business's failure is his competitors gains.
Should have used a hedge against the contracts he issued! Business is big stuff and these little dealers do not know how to use derivatives properly to lock in their risk exposure.
He is something for you in the Lehigh Valley. Lehigh University has M.S. degree in Analytical Finance which specilizes in quantitiative financial and financial instruments. It also has an MBA, some of these companies should part with $100,000 per year and go higher some of these bright young minds. They will help you improve your business and lower your risk exposure.
That's great. All we need is more "financial instruments" like collateralized debt obligations (CDO's)that can daisy chain a few bad mortgages into tanking an economy.All while creating a super wealthy elite class, and having very little to offer for ordinary workers and the middle class.
hombre

Kernersville, NC

#15 Mar 8, 2008
PPL even handled propane for a while the last few years cause they knew they were losing electric heat customers to propane dealers!
yep

Nazareth, PA

#16 Mar 8, 2008
comment wrote:
One business's failure is his competitors gains.
Should have used a hedge against the contracts he issued! Business is big stuff and these little dealers do not know how to use derivatives properly to lock in their risk exposure.
He is something for you in the Lehigh Valley. Lehigh University has M.S. degree in Analytical Finance which specilizes in quantitiative financial and financial instruments. It also has an MBA, some of these companies should part with $100,000 per year and go higher some of these bright young minds. They will help you improve your business and lower your risk exposure.
After all that pretentious crap you just spewed, you actually said absolutely nothing productive you fool. Sure lets all go higher high paid employees with masters degrees. If you understood small business, apparently your college never taught that, you would see how ludercrious that advice you gave would be.

“Go O's!”

Since: Dec 07

Reading, PA

#17 Mar 8, 2008
comment wrote:
One business's failure is his competitors gains.
Should have used a hedge against the contracts he issued! Business is big stuff and these little dealers do not know how to use derivatives properly to lock in their risk exposure.
He is something for you in the Lehigh Valley. Lehigh University has M.S. degree in Analytical Finance which specilizes in quantitiative financial and financial instruments. It also has an MBA, some of these companies should part with $100,000 per year and go higher some of these bright young minds. They will help you improve your business and lower your risk exposure.
Hire the higher college student. Yep, that's the answer, Dude!
At least I know how to use the form of hire/higher when putting my thoughts in writing. And all I did was go through High School... or was it Higher School?

As far as oil goes, I truly feel for those that prepaid and are now stuck. The oil market is so risky anymore.
I can only imagine how the asphalt and sealer companies are keeping up with changes, let alone the trucking industry and other shipping outfits.
bob

Allentown, PA

#18 Mar 8, 2008
And the reason this country is in trouble is because of higher education bs.

The financial markets are a mess and there are well educated people there.

The American business model is no longer working. We need to go back to the basics to straighten this country out.
comment

Korea

#19 Mar 8, 2008
Excuse my quick typing and occassional incorrect word typing.

What do you consider a small business? A business with multiple millions of billings in a year?

Then some of you then talk about how risky the oil market is. Who do you think firm hire for assessing risk management and implimenting financial solutions?

Her is the choice for the anti education, anti everything, anti spending money on competent solutions, either don't do it and go bankrupt or figure out a way to hire people who can provide value added competence to your organization so that you may have a chance to stay in business.

Maybe small business fails because they lack the expertise as they grow to a certain size and the complexity of competition changes.

For all those who reject the notion of learning and building experise through education, I hear the local butcher is offering pre-paid surgery for clogged arterys. Step right up, for most of you imbiciles, a knife is a knife right. We don't need no stinking educated people in Pennsylvania.

I guess there must be so many options for uneducated people in Pennsylvania. This explains the 10% college degree holders in PA and the high percentage of high school dropouts and teenage pregnancys.

Enjoy Pennsylvania as you deal with low paying jobs and high commodity inflation. As for me, I went semiretired in my late 30's with my wealth from that useless education. I also grew up an orphan, for those with next smart ass comment that I inherited it.
AmericanWoman

Allentown, PA

#20 Mar 8, 2008
Just one of the reasons I sold my house. I could not afford the heating oil costs.
I'm now in an energy efficient apartment with electric heat. My first electric bill went from $292 in the old house (3br 1 bath) to $129 in my 3br 2bath apartment.

I never will have to worry..... uh oh, i have to order oil for that damm furnace.

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