January 8, 2014 | Vol. 65, No. 1
Dear PEI Member:
Phil Farrell, president of Double Check Company, Inc., Kansas City, Missouri, became the 64th president of the Petroleum Equipment Institute on January 1. He succeeds Terry Cooper, president of Acterra Group, Inc., headquartered in Marion, Iowa, in that post. Kevin McKinney, president of McKinney Petroleum Equipment, Mobile, Alabama, is PEI’s vice president for 2014.
One of Farrell’s first duties was to appoint committees for 2014. In all, 219 people were named to serve on 22 PEI committees, with 12 individuals appointed to a committee for the first time. The breakdown of committee members by membership division is more inclusive than that in most other distributor-based trade associations: 44% distributor, 16% manufacturer, 12% service and construction, 12% affiliate, 9% operations and engineering, and 7% government/trade association.
In past years we published the complete list of all committee members in this newsletter. The inclusion of all of those names got too unwieldy for this publication so we have made them available here:
We appreciate the willingness of all committee members to contributor their time and talent to serve the association and the industry. If you are interested in serving on a committee in the future, contact Bob Renkes with your committee preferences at email@example.com.
NPN CEASES PUBLICATION AFTER 105 YEARS
When Jimmy Newberry of Memphis and Fred Coffield of South Bend returned to their petroleum equipment businesses after World War II, they missed the sense of camaraderie they had enjoyed during the war effort. In late 1950, Newberry wrote a letter to NPN in which he expressed his conviction that there was a need for a national association of oil equipment jobbers and his interest in forming such an association. He solicited NPN’s help in publicizing an organizational meeting. Newberry’s letter was routed to A.W. "Al" Boulton, the then publisher of National Petroleum News who, by fortuitous circumstance, received a similar letter a few days later from Fred Coffield.
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The importance of the role played by NPN and Al Boulton in the formation of NAOEJ—PEI’s predecessor organization—cannot be overstated. In those days NPN was a weekly, edited and published in Cleveland. Boulton was the son-in-law of Warren Platt, the man who founded the publication in 1909. In the petroleum marketing industry, NPN’s influence was immense in the early 1950’s, and was to become even more so a few years later when the publication was sold to McGraw-Hill and its editorial offices were moved to New York City. Once, in the early 1960’s, NAOEJ conducted a survey of its members to see what trade publications they read. NPN was at the top of the list, with 100 percent readership. It was the industry bible.
NPN continued its strong editorial support of the new association for many years. For a decade or more the magazine also sponsored a reception for all registrants on the opening evening of NAOEJ’s annual convention. This continued backing by the industry’s leading trade journal was of enormous importance in getting the new association off the ground. Without it the fledgling organization known today as PEI probably would not have survived.
NPN’s support of PEI and its programs continued through the years until the magazine was shuttered. Keith Reid, NPN’s most recent editor-in-chief, now can be reached at email@example.com or 847-630-4760. Debbie Reschke-Schug, NPN’s managing editor, can be contacted at firstname.lastname@example.org or 312-560-2398.
UL ISSUES GUIDANCE ON USE OF ISOBUTANOL-GASOLINE
PETROLEUM RETAILERS WEIGH IN ON EMV AT CSNEWS
“On the topic of EMV, retailers expressed skepticism over both the readiness of the technology, which is already in use in 120 countries, as well as the practicality of the implementation dates. EMV is a set of guidelines that requires retailers to convert to a chip and PIN system for POS transactions by October 2015 for in-store and by October 2017 for pump transactions in order to avoid responsibility for fraudulent credit and debit card transactions.
'There’s no doubt that the banks are driving this [EMV implementation], but there are so many questions about the technology right now that they will probably push back the deadline,' Amir Wurzel of Alon Brands weighed in. 'Everyone is waiting to see what happens.'
“Added another retailer: 'We are not convinced these dates are hard deadlines, but the inside-the-store date is probably harder than the pump deadline.'
“The cost of converting to EMV-capable equipment will be substantial. One retailer said he heard an industry consultant peg the cost of converting fuel pumps to EMV at more than $160 billion for the industry—and that figure doesn’t include the cost of retailers’ communication bandwidths at the store level.
“Overall, the attendees agreed there is still much confusion surrounding EMV. 'I’m not opposed to the technology,' said Jim Xenos, vice president of store technology at Oklahoma City-based Love’s Travel Stops & Country Stores. 'But tell us when it will be ready for us to begin testing, what are the use requirements and when it will be used by consumers.'
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The TulsaLetter (ISSN 0193-9467) is published two or three times each month by the Petroleum Equipment Institute. Robert N. Renkes, Executive Vice President, Editor. Opinions expressed are the opinions of the Editor. Basic circulation confined to PEI members.