Hurricane Harvey left many in the US propane industry with hopes that export capacity affected by the storm would be thwarted to a level to allow US inventory to reach adequate levels in time for the winter. However, the latest EIA inventory data and export data from IHS Waterborne shows that the United States propane inventory build is not accelerating at the pace necessary for adequate inventory builds for the winter season. Exports for September are now expected to be much higher post Hurricane Harvey than prior to the hurricane.
The winter of ’16-’17 is one of the warmest America has experienced in recent years. Despite this, according to NPGA’s Inventory Trends Analysis Report, propane inventories were approaching 20 days of supply—a number that is considered critically low. Part of this severe drawdown of propane supply can be attributed to increased exports. More than 50 percent of the country’s domestic propane supply is now being exported. In previous years, increased production kept pace with increased exports. However, the level of exports now exceeds even the record propane production.
The Occupational Safety & Health Administration (OSHA) finalized a rule in 2010 to require third-party certification every five years of crane operators working in construction activities. New propane tank-setting operations are covered under the rule. OSHA later delayed the compliance date for third-party certification to November 10, 2017 to allow it to finalize changes to […]
As part of the Republican agenda for this year, Congress is looking for the first major overhaul of the nation’s tax code in 30 years. Building off of the Tax Reform Blueprint that House Republicans unveiled last year, tax reform is one of the major topics of discussion this year. There are many provisions put forth in the Blueprint that NPGA has supported over the years. These include: Lowering of the corporate and individual tax rates; a full repeal of the Estate Tax; and immediate and full expensing of business purchases.