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Article: Lexington firm is just getting warmed up
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 15, 2007
- Author:
CopyrightCopyright 2007 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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GLOBE NORTHWEST 1 / Business
Like their customers, Arlex Oil Corp. executives John W. Maloney
and David Eagle are wondering whether there will be any relief this
heating season from escalating oil prices.
"We don't have a clue where the pricing is headed, and can only
hope that prices will stabilize or drop a bit," said Maloney, 67,
majority owner of the Lexington family firm, incorporated in 1940.
One thing is certain, and that is that traders are driving up the
crude oil price to record levels on world markets, said Eagle, 70,
president, during an interview last week in company offices off
Massachusetts Avenue near the Arlington line. "That's why this is a
murky business today," he added.
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