International investment firm acquires Luzerne County oil terminal

With millions of gallons of crude still pumped into the Gulf of Mexico and negotiations heating up over troops deployed to Middle Eastern oil fields, it would be easy to believe that nothing good can come from oil. While fossil fuels like oil often result in pollution and many environmentalists believe they should no longer be thought of as a long-term solution, oil creates millions of U.S. jobs every year and in some cases, drives innovation toward a world that shrinks pollution without shrinking employment numbers.

This can be a tough pill to swallow coming from oil companies who are already invested in the worldwide product of oil and would lose millions if America suddenly didn’t need it anymore. Which is why international investment firm El Maniel International’s most recent acquisition of a Luzerne County oil terminal came without a whimper from the media or local environmentalists. A publicly traded company with holdings in tobacco, oil, international banking, mining and the fine arts and collectibles industry, El Maniel purchased the terminal through their new division, El Maniel Energy, and immediately distanced themselves from other oil companies.

“Our long term future business plans include implementation of biodiesel production, says El Maniel Energy representative Jamie Khoo. “Biodiesel as a home heating fuel is an overlooked market.”

But El Maniel has made it clear that it doesn’t want to distance itself from all the legacies of oil companies. Luzerne County has a history of coal mining but during the depression, relied on oil to heat their homes. El Maniel hopes to serve as a provider to Scranton and other surrounding areas while they get their biodiesel business moving.

“Luzerne County has a population of over 300,000 people. We are fulfilling a need to have a wholesale distribution outlet of petroleum products strategically located in this area,” says Khoo. “Pennsylvania is one of the foremost states in the USA that promotes alternative energy. Incentives offered by the state of Pennsylvania for the production of alternative fuels are being considered.”

Source: Jamie Khoo, El Maniel International
Writer: John Steele