The Committee on Small Business and Entrepreneurship, chaired by Senator John Kerry (D-Mass.), will hold a public hearing entitled, “Examining Solutions to Cope with the Rise in Home Heating Oil Prices,” next Wednesday at 10:00 a.m., in room 428A of the Russell Senate Office Building in Washington, DC. The hearing will examine the high cost of home heating oil and its effect on homeowners and small businesses, and look at innovative programs and renewable alternatives to help consumers in the Northeast.

It’s estimated that heating oil costs have risen 116% since 2005, and heating prices in New England are currently as high as $4.65 per gallon, or $2 per gallon higher than last year. Over 6.2 million households in the Northeast rely on heating oil to heat their homes.

Testimony will focus on the high cost of heating oil, and what is being done to mitigate the effects of record prices on distributors and their customers. Witnesses will include David F. Johnson, Deputy Assistant Secretary for Petroleum Reserves, and Michael Ferrante, president of the Massachusetts Oilheat Council.

WHAT: Committee on Small Business and Entrepreneurship Hearing on “Examining Solutions to Cope with the Rise in Home Heating Oil Prices”

WHEN: Wednesday, June 25, 2008, 10:00 a.m.

WHERE: 428A Russell Senate Office Building

WHO:
Senator John Kerry (D-Mass.)
Senator Olympia J. Snowe (R-Maine)
David F. Johnson, Deputy Assistant Secretary for Petroleum Reserves, U.S. Department of Energy, Washington, DC
Michael Ferrante, President, Massachusetts Oilheat Council, Wellesley Hills, Massachusetts
Michael Stoddard, Deputy Director and Attorney, Environment Northeast, Portland, Maine
Jennifer Brooks, Community Relations Manager, Penquis, Bangor, Maine

Sandra Farrell, Owner, Northboro Oil Company, Northboro, Massachusetts