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Hedge Insite was born from recent ideas and concerns expressed by marketers, suppliers and accountants dedicated to the future profitability and strength of the petroleum marketing industry.

A panel discussion at 2006 Oilheat Visions Conference in Providence, RI, served as a launch pad for many of the features included in Hedge Insite. The topic at Visions centered on “Key steps to achieving performance goals in unstable markets (aka “Homeheat Meets (Business) Intelligence.”)

The panel participants included Santa Energy (Wes Lindquist, Controller); Gray,Gray,Gray (John Nardozzi, CPA); Citizens Bank (Matt Ide, VP- Energy); Hedge Solutions (Rich Larkin, CEO); Technology Assistance Group (Bob Levins, Pres.) and PetroTech Advisors (Kirk Blanchard, Mg. Director).

Those in attendance agreed with the panel that the traditional tools for planning and accounting no longer give marketers reliable control over their gross margins. Volatility in prices, weather and customer demands has added a level of complexity to our industry that conventional management methods and measurement tools do not adequately address.

Last fall Hedge Insite, LLC formed a team from industry veterans to develop a revolutionary tool that empowers marketers to reclaim control of their margins. Our team has nearly 30 years experience in each of the disciplines critical to succeeding in today’s petroleum marketplace. These include hedging, financial controls, technology and software systems.

The Hedge Insite Team:

Richard Larkin is a 22-year veteran of the heating oil industry. He founded Hedge Solutions in 1993 to offer marketers independent and trustworthy purchasing and hedging advice. Bringing clarity and wisdom to the complex has been a hallmark of his philosophy. He knows all the challenging buying and selling details of our industry with early roots extending to Wyatt Energy and Sid Harvey.

Kirk Blanchard is Managing Director of PetroTech Advisors, LLC, a technology consulting group serving the business systems needs of petroleum marketers. He was formerly CEO of Wyatt Energy and Co-founder of PetroVision, Inc. and Trustee of Energy Policy Research Foundation, Inc.,(Wash, DC); For 36 years in the heating oil industry he has also served in many capacities with IFTOA, NEFI and ICPA. He holds a BS from UNC and MBA from NYU.

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