Oil Industry News

  BIO DIESEL MANDATE

Effective May 1st 2010 , all diesel fuel for on road use sold in Pennsylvania will become a 2% bio-diesel blend. Act 78 of 2008, provides that when in state production of biofuel reaches 40 million gallons annually , on road diesel consisting of a 2% bioblend will be mandatory. The threshold reaches mandatory 5% when Pennsylvania production reaches 100 million gallons annually.

Talley Petroleum Enterprises Inc. plans to begin delivering the B2 blend to our customers the week of April 26th 2010.

Bio diesel consumers indicate that biofuel actually cleans the inside of the vehicles tank and an increase of filter changes may occur at first. Additionally , Talley Petroleum Enterprises Inc. recommends all on-road diesel customers use the winter additive when the time comes.

Please continue to monitor our website for additional info and links.

Oil industry experts are predicting crude oil prices to average between $70.00 and $80.00 per barrel in 2010.

Americans have curbed they're appetite for energy products during the current economic slowdown which has resulted in a lower demand and thus prices almost 50 percent less than the peak of $140.00 per barrel in July of 2008.

As always world events are likely to influence prices again this year and the strength or weakness of the economic recovery will impact prices as well.

Talley Petroleum Enterprises Inc. will continue to offer customers several different pricing plans which help to reduce or eliminate the volatility of oil prices.