Hunts Point Fuel actively supports efforts by leaders of the Oilheat industry to restore fairness to energy markets in the U.S. and abroad.
The markets are inadequately regulated, and speculators are allowed to trade oil contracts behind closed doors with no public records of their transactions. That lack of transparency has made it easy for hedge funds and other large investors to trade oil contracts as if they were stock and cause exaggerated price swings that wind up raising consumer fuel costs.
Oilheat is a relatively small energy market, but our industry leaders have been highly influential in development of proposed new policy and regulations. We believe that the availability of fairly priced energy products is critical to our country's economic well-being, and we will continue to press for market reform.