HEAT President Andrew Heaney in the Wall Street Journal

President of HEAT USA Andrew Heaney is quoted in an article in today’s Wall Street Journal that examines the effect of the credit crunch on heating oil retailers and consumers. As banks have tightened their lending in response to the global credit crisis, heating oil distributors are finding it more difficult to secure the credit they need to extend credit to their retail customers. The lack of credit has led to some customers who have had trouble paying their heating oil bills to lose their supplier and has also caused some distributors to go out of business.

Mr. Heaney’s quote appears near the end of the article, a preview of which can be found here. To access the compete article, perform a Google News search for “Andrew Heaney.” The article, titled “Heating-Oil Distributors Fear Tough Winter,” will be the top search result.