Macmillan Oil Company

FIU Graduate Was the No. 1 Shot Blocker in the NCAA in 2020

Since the early 1950s, Macmillan Oil Company has been marketing and distributing fuels and lubricants. The Florida-based company serves clients in the retail, agricultural, transit, aviation, and maritime industries. Outside of these endeavors, Macmillan Oil Company supported Florida International University (FIU) section at the 2020 Conference USA Championship Basketball Program.

In 2020, the FIU basketball program had one of the NCAA’s best shot blockers as a team member. Osasumwen Osaghae led the country in blocked shots during his senior year. His story is unique in that basketball was not his first choice to participate in as a sport, and he was a late bloomer.

He would not actually begin to play basketball until he was 16 while at Miami Southridge High on the advice of his parents who believed that his 6-foot-7-inch build was more suited to the game. Osaghae played for two years before realizing that he enjoyed the game and wanted to play college ball, except for one thing. He was close to 300 pounds.

When one of his coaches told him that he would never play Division I basketball, he decided to take the first step in preparing himself to become a college-level athlete. He changed his diet, exchanging chips and candy for natural meats and vegetables, and lost 60 pounds.

Osaghae would eventually go on to walk on to the FIU basketball team, eventually playing more in his sophomore year. He went on to earn a scholarship and became one of the leading blockers in the NCAA last season.

FIU Hires New Women’s Basketball Assistant Coach

Miami-based Macmillan Oil Company is a leading distributor of fuel and lubricants to clients that belong in the retail, industrial, aviation, agricultural, and residential industries throughout South and Central Florida. Macmillan Oil Company supports the FIU 2020 Conference USA Championship Basketball Program.

A May FIU article published on the sport’s program website reported that the women’s basketball team has chosen someone to fill the assistant coach position. Tim Sylver will join the team as an assistant coach after working in various capacities at the University of South Florida (USF) and Stetson College.

Before being hired, Mr. Sylver spent one year at Stetson and five seasons working at FIU. Some of the positions included video coordinator for the USF women’s and men’s (one season) basketball teams, and he also oversaw the program’s community services efforts, in addition to being a liaison Enhancing U, a program that transitions students from college to career.

Responsibilities directly related to basketball include overseeing the women’s practice squad.
Mr. Sylver graduated from USF with a communications degree in 2013. As a student, though, he worked as an assistant with the women’s basketball team for four seasons.

Coach Ballard Caps FIU’s 2019-2020 Basketball Season with 19 Wins

Headquartered in Hialeah, Florida, Macmillan Oil Company is a premier distributor and marketer of fuel and lubricants. Serving the South and Central Florida community, Macmillan Oil Company also supports Florida International University (FIU) Basketball.

Before the 2020 basketball championships were suspended on March 12, 2020, the FIU Panthers were having one of their best seasons ever. The team was just three wins away from its second NCAA Tournament berth in history. It had just beat Rice 85-76 a day earlier and was scheduled to play Charlotte on March 12 when the Championship was suspended. Had FIU won that game, it would have reached an impressive 20 wins for the second year in a row. By the time the season ended, it was at 19-13.

Jeremy Ballard, FIU’s coach, was shocked by the turn of events. He was just having a meal with his players when the announcement was made. He thought the season would resume in a week but that was not the case. Coach Ballard’s two-year record since joining the team now stands at 39-27, the most two-year wins in the team’s history. FIU went 20-14 in the 2018-2019 season.

Petroleum and Gas Still Power Most of America

Established in 1951, Macmillan Oil Company provides high-quality fuels and lubricants to businesses from various industries across South and Central Florida. A recognized leader in the oil industry, Macmillan Oil Company distributes petroleum products to end-users in the Sunshine State, helping fuel America.

Petroleum and gas are still the United States’ primary sources of energy, according to the US Energy Information Administration (EIA). In its recent analysis of 2019 data, the EIA found that the country consumed a total of 100.2 quadrillion British thermal units (Btu) over a year across five core energy-use sectors, including electric power, transportation, industrial, residential, and commercial. Up to 37 percent of consumed energy came from petroleum. Natural gas was second with 32 percent, coal and renewable energy were tied for third with 11 percent each, and nuclear power was fourth with 8 percent. Renewable energy comprised of hydroelectric, biomass, solar, wind, and geothermal.

Transportation used up the majority of petroleum, accounting for 70 percent of petroleum consumption. Another 24 percent of petroleum was consumed by industrial facilities. With regard to natural gas, 36 percent of it was consumed by the electric power sector, 33 percent by industries, 16 percent by residential clients, and 11 percent by commercial clients.

Wholesalers Distribute Products to Retailers Around the Country

Macmillan Oil Company has been distributing and marketing petroleum and petroleum products since 1951. Based in Hialeah, Florida, Macmillan Oil Company operate within the wholesaler business sector, which means they act as an intermediary between suppliers and retailers.

Also known as distributors, wholesalers provide support to suppliers in a number of product categories, which are divided between durable and nondurable products. These include alcoholic beverages, packaged foods, household products, and electronics. Petroleum products are among the leading categories in nondurable goods for wholesalers, along with groceries and pharmaceuticals. A few larger wholesalers provide products from a combination of these categories.

These types of companies must maintain a regular inventory of products they distribute, which requires that they develop relationships with suppliers and coordinate regular shipments. That way, they can ensure fulfillment for their customers, who are usually large retailers. Once retailers receive products from distributors or wholesalers, they are then able to sell off those products in smaller quantities to individual consumers through their retail locations.

Fed Addresses Crude Oil Issues

Florida-based Macmillan Oil Company has marketed and distributed petroleum and lubricant products since the early 1950s. Macmillan Oil Company customers include retail, industrial, maritime, aviation, and residential users.

Since the beginning of March, however, crude oil has been a major issue globally with the Coronavirus (COVID-19) all but shutting down the travel and hospitality industries. In response, the government is expected to increase the country’s oil reserves.

As of March 16, the crude oil industry has experienced a sharp decline in production by almost 10 percent. Many analysts believe that this sharp decline is directly related to the current COVID-19 pandemic that has culminated in increased travel restrictions.

In the US, cities across the nation are placing major restrictions on public dining and the number of people who can gather in one place, and this is expected to interfere with oil sales, since consumers will not drive as much. Ultimately, this sharp decrease in demand is expected to continue.

While oil prices could decline sharply for many consumers, it also might be disastrous for oil-producing companies. According to a March 16 article reported in Al Jazeera, this drop could translate into bankruptcy for some companies and make the US oil industry non-competitive.

To avoid the collapse of a needed industry, the president stated the US will supplement the nation’s oil reserves. The US Department of Energy reported that it had a capacity of 713 million barrels of oil but could take on an addition 77 million barrels. This move could potentially prevent domestic oil suppliers from losses as a result of dropping oil prices.

Sustainable Fracking Methods

MacMillan Oil Company has been around since the early 1950s and is a leading distributor of crude oil in South Florida. Government, industrial, retail, and aviation industries, among others, are MacMillan Oil Company’s customers.

Oil production in recent years has introduced new technologies, namely fracking. Fracking, while it has a number of detractors, has proven to be one of the more efficient ways to extract oil from beneath the Earth’s surface.

More recently, researchers have developed a more environmental-friendly way of extracting oil. Instead of relying on a water solution to break up sediment, a gel containing propane is used to break up rocks. This substance is believed to be better than the water solution because it contains hydrocarbons, which are also found in the earth, so these deposits seep back into the ground.

Another method for reducing the environmental impact of fracking is through reducing the amount of methane released into the air. Businesses could significantly reduce the amount of emissions by plugging up methane wells. Using infrared cameras, inspectors can target areas where there are methane leaks (a contributor to greenhouse emissions) and plug these leaks.

Companies can also switch machine equipment for some that reduces methane emissions. Using solar-powered pumps and operators rather than conventional-pressure pneumatic controllers, operators can eliminate close to six billion cubic feet of methane annually.

How Technology is Shaping the Oil Industry

Closeup of electronic circuit board with CPU microchip electronic components background

Based in Hialeah, Florida, MacMillan Oil Company distributes oil throughout the central and southern parts of the state. Established in 1951, MacMillan Oil Company has grown significantly, now serving retail, industrial, agricultural, and government interests-to name a few.

In recent years, the usually embattled industry has experienced a boom, and technology has influenced much of this growth.

Through technology, companies have employed fracking, AI, machine learning, and cloud computing to become more efficient and generate more oil. Fracking has been around for a few years, and its main benefit to oil producers is that it allows them to drill far beneath the earth’s surface to harvest oil. This technology has allowed companies to drill in places that would be too expensive to harvest without assistance.

More recently, AI, machine learning, and cloud computing have created systems that function more efficiently. For example, AI technologies provide companies with the ability to prevent the loss of billions because of equipment outages. Moreover, machine learning technology allowed one company to reduce electricity costs simply through technology that would detect the change in weather. Right now, companies use cloud computing to integrate technologies leading to greater innovation within the industry.