Trade Commodity Futures » heating oil futures

use of solar panels with electric baseboard?

admin — Tue, 13 Jan 2009 05:10:48 +0000

Has anyone got a solar system (grid tie in / net metering) that the home is heated with electric baseboard?

I want to reduce the amount of oil heat that is used in my home. $4000 per season in oil is getting outrageous.
(I am hoping that someone steps up with a lower cost bio-diesel for heating oil in the future . . . . . .)

( I.E The greedy ones in Washington. Families are freezing to death)

I am thinking of putting a system in that "runs the meter backwards" during the summer to hopefully "break even" during the winter.

Any thoughts.

I have also thought about geo-thermal also.. or a small cylinder style windmill

GABY your math is a little off.
260,000 / 350 is 743 panels.
So using your math here's the logic.

In a Iowa cold winter I'm using 6700 or 233 kWh per day
233,000 per month or $261.00
They have 200 watt panels now.
200 * 7hr of sun light = 1400 watts per day per panel

233,000 / 1400 = 166 panels @ $800.00 ($4 per watt) = $132,800
$132,800 / 261 = 42 years to pay for themselves.

If they did a fair deal at $2 per watt
66,400 / 261 = 21 years pay back

In Spring Summer and Fall I average 1400 kWh at $130 electricity per month so lets say I just worried about 9 months non winter average of 47 kWh per day.

47,000 / 1400 = 34 panels = 27,200 (@ $4 per Watt) / $130.00 = 17.5 years payback. 20 years for 9 month seasons. because you still got to get help in the winter from the electric company. They charge
All electric discount plan.
.07 for 1st 1000 kWh and
.03 for every kWh after that.

At a fair deal of $2 a watt panels it's
47,000 / 1400 = 34 panels = 13,600 (@ $2 per Watt) / $130.00 = 9 years payback. 10.5 years for 9 month cheap
seasons. because you still got to get help in the winter from the electric company.

Panels are suppose to last 25 years

Still not a great investment but if that's your dream it may be dueable someday when they offer a fair deal at $2 a watt.
I think that 30 panels would fit on my house and my back roof faces south.

If the hours of sun light change per day the math will change.
But there will also be cloudy days.

Tweet This Post

Russia has stated oil will be $250 a barrel by the end of 2008, if this happens, whats next for America?

admin — Sun, 11 Jan 2009 02:54:54 +0000

How will America cope with $250 a barrel oil costs? What will be the price at the pump? What will be the costs of heating oil and natural gas which will surely follow with cost increases? Can it be possible for Americans to pay over $ 8.00 a gallon and how will that directly effect the economy and those who are unable to afford those increases? What will become of America under these conditions? Can America as we know it now withstand such high-prices and continue to exsist without having a massive crime-wave of those trying to have a basic-standard of living to sustain their lives, while facing hunger & homelessness? What is the answer to out of control energy costs that seem to have no solutions anywhere in the near future? Will President Bush be able to do anything before leaving office or has he already been rendered helpless? Will the U.S. Congress address this vital National Security issue or has the U.S. Congress surrendered our security? What are the answers?

Thirty days after the attack on Pearl Harbor, the US began churning out tanks, planes, guns and munitions of biblical proportions. We went from a military of under 100,000 to several millions in under a year….trained and ready to fight. We went from a job short economy of millions of poor people to a job rich environment that cried out for workers. The point here is that we're Americans, and Americans can do ANYTHING they set their minds to do. Expensive oil? So what? We can do what Brazil does and run our transportation on alcohol. We can institute rationing if that's what it takes. We can begin to build fuel sipping vehicals within 30 days, just as we began to build trucks and jeeps in that time frame in WW2. We can rebuild our passenger rail service in 60 days. We can put ten thousand hybrid buses on the streets of our cities….all it takes is to knock off the whining, accept the reality of the situation and demand leadership from 'our' government. In WW2 everyone and their brother planted Victory Gardens….nobody got fat, but nobody went hungry either. Within 30 days we could be building and installing as much solar and wind power as needed to keep the wheels on the road and the lights on. Sure, we may have to turn off a lot of our excess lighting, but in WW2 we had legally enforced blackouts….nobody complained because Americans don't complain….they turn to and get the damned job done. For me, this is a wake up call for the United States and an opportunity for a new industrial revolution. If the United States can't turn on a dime and do what has to be done then we're not the United States we were. $250.00 a barrel oil is a problem, but not a problem we can't get over, go under or go around. Yes WE Can! No kiddin'!

Tweet This Post

What are you thoughts about the speculation that a barrel of oil will be over $200 a barrel by July 4, 2008!?

admin — Thu, 08 Jan 2009 23:34:52 +0000

This being an election year, what do you believe will happen within America this year when it has been predicted a barrel of oil will sell for over $200 by July 4, 2008 & that it will be over $6 to $7 dollars a gallon in America at the pump? Diesel fuel will be over $8 & home heating oil will go to over $9 a gallon next winter? Saudi Arabia says, " OPEC will sell oil at whatever price it brings on the market, whether it is $80.00 a barrel or $1000 dollars a barrel!" America & Americans need to learn a lesson, they are no more special than any other nation where oil is a lot more costly. America needs to learn how to better conserve oil & stop being such "Oil consuming hogs"! This was stated on Arab TV, along with footage of George W. Bush visiting Saudi Arabia in an attempt to get them to produce more oil & bring the costs down to which the Saudi's told Bush…we will not increase production, America must learn to live within its means as oil may go over $200 a barrel in the future!

"Speculation" indeed. Who's doing the speculating? Where do you get this news? FOX? CNN? Who owns FOX and CNN? Do you realize that commodity speculation (i.e. gambling) drives the price of oil up independently of actual supply and demand?

Speculators in vital commodities are leaches. They perform no productive service to humanity, and in fact by driving up the prices of vital commodfities, to no other purpose than to make money, they do YOU harm.

Commodities speculation should be outlawed. In a truly free market, it would not exist, except maybe in back-room bookie dens.

Tweet This Post

Canadian Stocks

admin — Thu, 08 Jan 2009 19:46:34 +0000

Canadian Stocks – Each day at this time Stephen Whiteside of theuptrend.com takes a look at the major trend changes in the Canadian stock market. This analysis includes gold, crude oil, the Canadian dollar, and the US dollar. For more information please visit
www.theuptrend.com/energy/canadian-energy-stocks.html

Duration : 7 min 51 sec

Tweet This Post

Technorati Tags: canadian

Does todays garbage dump eventually turn into 'new' oil for future use?

admin — Wed, 07 Jan 2009 02:45:14 +0000

I've looked through other questions about where oil "comes from" (I didn't like the "middle east" as an answer). But another explains about the prehistoric animals/plants/etc under enough heat/pressure eventually turn into the 'hydrocarbon' we generically call _Oil_.

Does the garbage we've been burying for the last few decades in big repositories we call 'Garbage Dumps' fill that place that the animals/plants/etc did way-back?

The Earths surface was much more active millions of years ago than it is today, will this have an effect on the amount of time it would take? (since we aren't covering those dumps with more than the EPA (or whoever) says is the minimum amount of dirt I suspect we won't get the huge amounts of pressure that a shifting land mass would provide. How long does it take to turn from rotting biomass into oil?

I'm afraid no… We will not be able to get oil from garbage dumps ever (besides what we leave in there as "garbage"), but as the bio matter degrades and decomposes, the garbage does create methane gas (natural gas like we use to heat homes and run power plants). Oil actually comes from decayed oceanic plant matter mostly. It dies, falls down to the bottom of the ocean, and in the right conditions, is preserved. With time, the right temperatures and pressures, and with a proper reservoir, it becomes free oil. One thing about garbage dumps though. As steel, aluminum, and other metals become more scarce, I fully expect us to one day "mine" our garbage for resources we foolishly throw away today.

Tweet This Post

Where are all the plans form our presidental canidates to end our demand on oil and to lower fuel prices?

admin — Mon, 05 Jan 2009 01:47:14 +0000

Never mind worrying about birth certificates that will have to be proven before either is sworn in anyway, but the important stuff like candidates stepping up with their plan to deal with this home heating oil price surge and gas price surge where is that info published we really need to focus on whats important to ALL our futures, I have no idea how I am going to pay 1000 per month for 200 gallons of home heating oil come winter….lets hear it people where is the answer to that question?

It's going to take several presidents to fix the mess either Obama or McCAin will inherit. And it is an inherited problem, please remember that. Don't expect any real relief anytime soon. It may take decades. Be realistic on this.

The environmentalists have got to be defeated first. They are the powerhouse lobby that has caused our leaders to not allow domestic drilling. We must begin our own drilling here at home. We must build more refineries & dramatically upgrade those that exist.

If we don't drill here and not build & overhaul refineries, then no President can ever fix the problem, or at least get things under control.

But still don't expect substantially lower prices when/if that happens. Inflation is what it is. It won't be cheap labor doing the work. It will be skilled & highly paid people.

Tweet This Post

Where can I find spot steel prices on the internet?

admin — Sat, 03 Jan 2009 02:38:55 +0000

I would like to buy stock in a steel company, such as US Steel (X) or Nucor (NUE), but first, I'd like to have access to spot steel prices and possibly, future forecasts and reports. The NYMEX has spot prices for oil, gasoline, natural gas, heating oil, copper, gold and silver, but not steel. Does anyone know a website where I can find this?

look to the steel-related trade associations. check out the web sites of the exhcanges where steel futures and other steel derivatives are traded. like nymex maybe.

to pay, you can subscribe to services like Platt's, or Bloomberg, which has everything, but is PRICEY. all kinds of resources out there.

Tweet This Post

Why do people think Bush has manipulated the gas prices?

admin — Thu, 01 Jan 2009 02:03:45 +0000

Oil prices, from which gas prices are derived, are driven by the laws of supply and demand. The summer was driving season and is peak time for fuel consumption. In the fall, demand tapers off, before it regains steam for heating in the winter. As such, oil prices are a function of supply and demand.

Theoretically, all the oil companies could band together to push prices down, but that would be extraordinarily difficult.

Bush cannot control the price of gas.

Also consider all of the financial institutions that trade oil futures. They would not gain from depreciation (except from shorting) so they wouldn't manipulate it either.

Oil prices have dropped roughly 29% over the past 2 months and gas prices have subsequently dropped by 28-30%.
Thank you; I realize what OPEC is.

I also realize that individual countries produce beyond their OPEC-mandated quotas in order to generate more revenue. I also realize that the planned OPEC production cut is likely to affect MAYBE 1/2 as much as they say it will because member countries do not want to lose that income stream.

Also, OPEC provides 1/3 the world's oil, which is, of course, a huge number, but that still leaves 2/3.

If politicians could manipulate prices, gas would always be cheap.
If oil cos could manipulate prices, it would always be expensive.

Since the price fluctuates widely, I have to conclude that price is determined by factors out of their control.

There are those who seem incapable of accepting the fact that it is possible for things to happen withiut their being some vast evil conspiracy.

Tweet This Post

Average electricity bill per month in Belfast for 1 bed room apartment with economy 7 heating?

admin — Tue, 30 Dec 2008 02:13:18 +0000

Hi, I am going to hire a one bedroom apartment in Belfast, Northern Ireland, which is having economy 7 heating. I am wondering whether the electricity bill would be very high for such an apartment. Could somebody please give me an idea regarding the approximate monthly electricity bill for such an apartment? Also, if I hire an apartment having oil fired central heating system, would it be more economical than one having economy 7 heating?

The apartment is also having oven, freezer, fridge and washing machine. I may add a microwave oven and TV in future. How much would be my approximate electicity bill for that apartment including all the above appliances and economy 7 heating? I am living alone at the moment and will not be in the apartment during day time during normal working days.

Well I'm in England in an apartment with eceonomy 7. I got a bill for 9 weeks of £170, I'm disputing it cos I work full time too. Heaters are really expensive!!! Mind there are no instructions either so I've contacted landlord and I am awaiting an answer. I know prices have shot up, but at this rate we'll all be buying indoor BBQ's to heat our homes!!! it'll be a lot cheaper. Good Luck. xx

Tweet This Post

Was there a shortage of gas and oil?

admin — Sat, 27 Dec 2008 23:51:41 +0000

We were told there was a shortage of gas and oil, and that was keeping prices up. Now from AP comes this. We have been lied to again by the "liberal" media.

> Dec 5, 11:52 AM (ET)
>
> By JOHN WILEN
>
> NEW YORK (AP) – Energy futures were mixed Wednesday
> after the government reported an unexpectedly large
> decline in crude supplies but surprising increases in
> heating oil and gasoline inventories.

Did you really expect anything different from the LIEberal media? They've been lying to us for so many years that they can't tell the truth for fear of death and destruction. I've caught them in more lies than I care to remember and I've told them that when they try to call me to get a subscription out of me. What I can't believe is how many liberals believe everything they write. In the oil crisis back in the early 70s, there was no crisis. It was the government telling us that when it was a rubber crisis not oil.

Tweet This Post