Waste Energy News Articles
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Short-Term Energy Outlook
USEIA, May 10, 2011
http://www.eia.doe.gov/emeu/steo/pub/contents.html
West Texas Intermediate (WTI) crude oil spot prices averaged $89 per barrel inFebruary, $103 per barrel in March, and $110 per barrel in April. During the first week of May WTI crude oil prices fell by nearly $17 per barrel to $97 per barrel, along with a broad set of commodities, and then rebounded by almost $6 per barrel yesterday. However, EIA still expects oil markets to tighten through 2012 given projected world oil demand growth and slowing growth in supply from countries that are not members of the Organization of the Petroleum Exporting Countries (OPEC). Projected WTI spot prices average $103 per barrel in 2011 and $107 per barrel in 2012, reductions of about $4 and $6 per barrel respectively from last month's Outlook Read More....
Rising price of home heating oil fuels concerns
By John Burgeson, Westport News, April 7, 2011
http://www.westport-news.com/default/article/Rising-price-of-home-heating-oil-fuels-concerns-1327617.php
A 250-gallon heating oil delivery will set you back about $1,000. That same delivery just nine months ago would have been nearly $300 less.
Oil prices have spiked, and even though the price we pay now is actually 95 cents per gallon lower than it was in the last spike in the summer of 2008, that's cold comfort to those trying to keep their families warm.
Unrest in the Middle East is usually cited as the reason for the rise, but U.S. Rep. Jim Himes, D-4, said that he isn't buying that argument. Read More....
Heating Oil Suppliers Feel The Heat Of Rising Prices
By Tovia Smith, NPR, March 4, 2011
http://www.npr.org/2011/03/04/134253842/Local-Heating-Oil-Suppliers
Higher oil prices are not just taking a toll on consumers; they are also wreaking havoc on home heating oil suppliers. Especially for small family-owned businesses, buying oil has become a highstakes gamble. Dealers are grappling with the much more complex world of futures and hedges. Read More....
Will Rising Price of Oil Help Sell Green Homes?
By Barbara Correa, AOl Real Estate, March 1, 2011
http://realestate.aol.com/blog/2011/03/01/will-rising-price-of-oil-help-sell-green-homes/
What does the revolt in Libya have to do with green home design? Well, now that the price of oil has spiked to over $100 a barrel, energy-efficient green homes are looking better and better.
One reason is that the price of heating oil, the main source of heat for more than 8 million U.S. homes, moves in tandem with petroleum. Today, heating oil costs 25 percent more than it did just two months ago due to fears that popular uprisings across the Middle East could disrupt oil supplies. Read More....
Gas, home heating oil prices still rising
By TOM INCANTALUPO, newsday.com, December 15, 2010
http://www.newsday.com/long-island/nassau/gas-home-heating-oil-prices-still-rising-1.2545621
Gasoline prices continue to rise, nudging the $3.30 mark Wednesday on Long Island - the highest since fall 2008.
Regular averaged $3.297 in Nassau and Suffolk counties Wednesday, according to a daily survey of credit card transactions at 100,000 stations nationally done for the AAA - up another 2.4 cents from the average a week earlier. Read More....
Election promises and bailout bill provisions suggest upturn
By Sam Mamudi, Market Watch, October 10, 2008
http://www.marketwatch.com/news/story/alternative-energys-muddled-future/story.aspx?guid={EC763511-1297-4EEF-B9B5-80CD05796BA4}&dist=msr_92
NEW YORK (MarketWatch) -- Buried among the 451 pages of the bailout bill, alongside tax breaks for Puerto Rican rum producers and auto-racing tracks, were clauses that will have a major impact on the alternative energy sector -- and which could create buying opportunities for investors.
The bill extended tax credits for companies that invest in, and produce solar energy for another eight years and for wind energy for one year. It also extended these credits to utility companies for the first time.
There are two ways in which this can help investors: the eight-year extension creates some certainty for the solar industry, and the extension for utilities should encourage major players to enter the alternative energy arena. Read More....
Crude Prices Fail to Translate into Lower Heating Costs
By Timothy C. Barmann, Providence Journal, September 17, 2008
http://www.projo.com/business/content/bz_winter_heating_costs17_09-17-08_52BJV5U_v22.1b2c832.html
Although crude oil prices have fallen sharply from their peak this summer, Rhode Islanders may be in for another winter of record-breaking heating costs.
The average price of home heating oil in Rhode Island on Monday was $3.749 a gallon, up 6 cents from the previous week and $1.34 from a year ago, according to the Rhode Island Office of Energy Resources.
If the current average price remains unchanged, winter heating costs will set another new record high. A household that uses 666 gallons of oil will pay $2,555 for the heating season that runs from July 1, 2008, to June 30, 2009, according to calculations by The Journal.
That is $218, or 9.3 percent, higher than last year’s average of $2,337, and 89 percent higher than the $1,350 it cost five years ago.
The U.S. Department of Energy offered a less optimistic projection last week.
The department’s Energy Information Administration predicted that heating oil will average $4.13 a gallon this winter, about 25-percent higher than last heating season. Under that scenario, the average household that uses oil as its main heating fuel will pay an extra $585, or 30 percent more, than last winter. Read More....