$82 per barrel

[Mizmoon]

My home heating oil company owner told me I'd probably be better off locking in an oil price for the year now. Last winter he was paying $32/barrel. He expects to pay about $82/barrel this winter. Oy vey!

I can't imagine paying more this winter than we did last ... last winter the bills were brutal! :hide:

[justinsb]

1. It's just going to keep going up

pretty much forever. Here some analysts are predicting $100/barrel by the end of the year

[marmar]

2. If that happens...

this country will quickly slip into something much deeper than a recession...

:scared: :scared: :scared:

[RPM]

4. you mean like...

an insurrection?

[marmar]

LOL...

One of those might be coming regardless, cause we're just sick and tired of being sick and tired!!!

:silly:

[barb162]

15. An insurrection won't help. Why bother

[RPM]

21. cold, bored (and possibly starving) people won't care if it does any good

they would likely just want to break stuff.

[barb162]

22. LOL

Seriously, I am reading the "Long Emergency" by William Kunstler (on our way of life, peak oil, etc) and we aren't going to get out of this one

[RPM]

3. fredom is on the march

and gays can't marry.

Why, ever, would you complain?

:sarcasm:

[dogday]

5. Bushonomics 101 Raise the price of oil as much as you can

and f**k the American People in the process... This is a shame, you would think since we invaded an oil-rich country, we would have plenty of oil at decent prices.....

[barb162]

18. Yeah, but the Iraqis are buying it from other countries as the

terrorists blow up the oil infrastructure.

[skids]

6. Consider solar thermal panels.

If you have some space in your backyard, access to a "white goods" depot where you can pick up used water heaters, and some time and petty cash to build your own panels, you could save quite a lot in oil by setting up a solar thermal system.

Buying the components prefabricated won't save you much money, because the market is full of gougers looking to cash in on government tax subsidies, selling over-engineered roof-mount units. A DIY project, though, could probably pay you back in under two years the way oil prices are going these days.

[patcox2]

7. Umm, that would hurt trucking bad.

Right now I pay $1.99 a gallon for home heating oil, also known as diesel fuel, for my boat. They are the same thing, he is suggetsing a doubling of diesel prices over last years, which would mean $4 a gallon at the pump; that would hurt.

[maxsolomon]

12. @$4/gallon, i'll switch to B100 biodiesel.

its around $3.50 for B100 right now.

of course, so will everyone else.

i better git mah cord of wood now.

[NickB79]

25. Biodiesel costs will go up as well

We use petroleum to raise the soybeans needed to produce biodiesel. As petroleum prices go up, so goes the cost of any product produced on a farm.

[Medical Speaking]

8. Profits Up

Major oil companys profits are at a all time high.
Nice right, Are idiot leader wont do a thing about this.

[rman]

20. Production Down

Supply growth is at an all time low.

[trogdor]

9. Right.

And your barber told you you needed a haircut, and your mechanic told you your car needs a new "gonkulator". Consider the source, and "trust but verify."

True story: I was locked in at $1.69/gal. last winter. Our heating oil company stopped delivering in mid-March. I just got 142 gallons this past Monday, and they tried to charge me $2.19/gal. If I was on "automatic delivery," as they said, where were they in April, May, and June? Not only waiting for the lock-in price to expire, which I would have expected to happen around Memorial Day, but waiting for the price to peak so they could stick it in my ass.

Believe me, if heating oil hadn't already peaked, your oil company wouldn't be suggesting you lock your price in the middle of July.

[ArkDem]

10. Switch to something more environment friendly. That is worse than

a parking lot full of SUVs.

[Mizmoon]

11. Theo nly other option is natural gas

I'm not sure that's much better ...

[barb162]

16. Natural gas is also getting scarcer as utilities use it for peaker plants

[seemunkee]

13. I was thinking I should do that also

We now have gas in our neighborhood. Wonder if it would actually be cheaper to put in a gas furnace instead.

[OmmmSweetOmmm]

14. I use natural gas to heat my house and for some "inexplicable" reason

the price of gas seems to be in lockstep with the price of oil. Hmmmmmmmmmmmmmmmmm

[barb162]

17. We have natural gas too. It is getting more expensive each year

Same thing is happening to it as oil. We try to keep the heat turned down as much as possible in winter, have a very fuel efficient furnace, good insulation,great windows, etc. But, someday there won't be natural gas either

[liam_laddie]

24. natch'l gazz...

The price parallel has more to do with the cost of a Btu (British Thermal Unit,) a measure of the potential energy ouput from a material, sometimes measured in "therms" (100,000 Btu's.)
All energy commodities - petroleum, natural gas, coal - have a
Btu or therm "index," and generally these prices can be related to this measure. Plus the ol' supply-and-demand truism...

[SpiralHawk]

19. Thanks a pantload, George W. Bush

You and your oil republican cronies are responsible for this

[spanone]

23. The profits the oil co's are making are obscene. While America rots.

[anarch]

26. anybody who doesn't already believe we are all screwed...

I give them about six months to a year before they catch on.

[ThomWV]

27. And On What Day Did Retailers Start Dealing In Barrels?

Every drop of oil I've bought over the last 30 or so years was bought and sold by the gallon. The notion of a barrel goes away as soon as the shit lands on a tanker.