This presentation will cover the importance of energy management strategies in today’s market; how to accomplish and stabilize pricing and purchasing of fuels; and how infrastructure plays a role in today’s markets.

16. In its early years, the NYMEX Division heating oil contract mainly attracted wholesalers and large consumers of heating oil in the New York Harbor area. Soon, its use spread to areas outside of New York, and it became apparent the contract was also being used to hedge diesel fuel, which is chemically similar to heating oil, and jet fuel, which trade in the cash market at a usually stable premium to NYMEX Division Heating oil futures. Today, a wide variety of businesses, including oil refiners, wholesale marketers, heating oil retailers, trucking companies, airlines, and marine transport operators, as well as other major consumers of fuel oil, have embraced this contract as a risk management vehicle and pricing mechanism.

23. US Gasoline Demand

27. Formation of Fuel Price Risk Management Program Corporate View Board/CEO Goals and Objectives (Philosophy of Risk Management) Operating Environment (Competition, Supply Chain, Channels of Distribution, etc.) Strategies Objectives Execution Measures Capability and Resources Required for Successful Execution of Strategies

33. Oil prices reached a low for the year of $34.03 per barrel in February 2009, and have since rebounded to about $70 per barrel. Oil rig counts began growing again 4 months later, and have since followed a similar trajectory to the price changes.

40. DTNMARKETWIRE ALERTS EIA's Weekly U.S. Petroleum Inventory Statistics Week-ending Week-ending Year-ago Weekly Weekly Yearly Yearly 6-Nov-09 30-Oct-09 6-Nov-08 Change % Change Change % Change STOCKS Crude Oil 337.7 335.9 314.1 1.8 0.5% 23.6 7.5% Gasoline 210.8 208.3 196.4 2.5 1.2% 14.4 7.3% Distillate Fuels 167.7 167.4 129 0.3 0.2% 38.7 30.0% Jet Fuel 44.7 45.2 38.3 -0.5 -1.1% 6.4 16.7% REFINERIES Crude inputs 13.825 13.970 -- -0.145 -1.0% -- -- Refinery run rate 79.9% 80.6% -- -0.7% -0.7% -- -- PRODUCTION Crude Oil 5.506 5.391 -- 0.115 2.1% -- -- Gasoline 8.919 9.040 -- -0.121 -1.3% -- -- Distillate Fuels 4.054 3.957 -- 0.097 2.5% -- -- Jet Fuel 1.321 1.351 -- -0.030 -2.2% -- -- IMPORTS Crude Oil 8.656 8.126 -- 0.530 6.5% -- -- Gasoline 0.732 1.077 -- -0.345 -32.0% -- -- Distillate Fuels 0.177 0.197 -- -0.020 -10.2% -- -- Jet Fuel 0.035 0.086 -- -0.051 -59.3% -- -- Implied Demand Gasoline 8.844 9.015 -- -0.171 -1.9% -- -- Distillate Fuels 3.543 3.570 -- -0.027 -0.8% -- -- Jet Fuel 1.381 1.482 -- -0.101 -6.8% -- -- Stocks in millions of barrels All other categories in million bpd r-revised

42. Formation of Fuel Price Risk Management Program Corporate View Board/CEO Goals and Objectives (Philosophy of Risk Management) Operating Environment (Competition, Supply Chain, Channels of Distribution, etc.) Strategies Objectives Execution Measures Capability and Resources Required for Successful Execution of Strategies