If you have been focusing on managing your business or budget, you may have missed that EPA has proposed to amend regulations pertaining to petroleum underground storage tanks for the first time since 1988. On September 25, 2014, EPA sent the proposed regulation to the White House Office of Management and Budget, one of the final hurdles to implementation.
There is no question that the regulations are coming and that you will have to manage the new regulations at some point. The regulations will absolutely affect your bottom line, especially if you are a “small business.” However, there is a lot of speculation and debate as to when, what, and how this regulation will affect a petroleum marketer.
We will be exploring whether the proposed regulations will be the end of the world or just another bump in the road. Stay tuned for the next 8 weeks as 7G provides an analysis of the main topics of the proposed regs and how they may affect your business. Check back in every week or subscribe to the 7G blog to stay informed.