OCEANPORT, N.J., July 25 /PRNewswire/ -- A new website - http://www.Oilintel.com - was launched today to provide the public with free petroleum and renewable fuel news, market intelligence and spot prices. The site is owned and operated by a privately held New Jersey company, Oil Intelligence Link, Inc., which also has offices in Houston, Texas, and Sidney, Iowa.

"Energy prices drive the world economy," said President and CEO Tom Waterman. "We have developed and tested this site over the past 18 months and feel comfortable we have a valuable and reliable product. Those who log on will have the capability to search news archives, chart spot and futures data, watch key spot markets for gasoline, heating oil, diesel fuel and domestic crude oil tick - all in a virtually live format."

"Initial feedback to our site - http://www.Oilintel.com - has been tremendous," Waterman added. "This site will be the first of its kind to provide - free of charge - professional petroleum market intelligence to those who otherwise could not afford to have these tools at their fingertips," he said.

Oil Intelligence Link, Inc. is also the publisher of The Ethanol Monitor, a highly regarded weekly market-based newsletter on the ethanol industry. Free trials of the newsletter are available through the website.

"This is just Phase 1. We intend to offer the same type of market intelligence in other energy fields such as natural gas and electricity in Phase 2, which should be ready later this year," said Waterman.

Tom Waterman has been in the energy field for 23 years and was the founder and publisher of Btu, one of the leading natural gas and electricity wire services and newsletter publishing companies in the industry.

     CONTACT:

     Rainey Thynne, 732-222-5578

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Source: Oil Intelligence Link, Inc.