Tuesday, September 30, 2008
Tue, September 30, 2008 | link
This is a very trying time for the U.S. economy. Bank problems, bailouts, stock
declines and wild fluctuations in the oil market. The price of fuel fluctuated almost 25 cents on Monday, closing down
23 cents. Today as I write this note it's up over 8 cents.
The moratorium on
offshore drilling is being lifted. Oil shale development in the western states has also been opened. This shift
in policy could take years to play out. Off shore oil in the gulf is coming back up to speed with 48% or 624,000 barrels
per day still offline. The Department of Energy is releasing oil to the gulf refiners to offset this lost production.
The best thing to do is get auto deliveries or better yet the budget and save 4 cents per gallon.
Another interesting day in the oil business.
Monday, September 22, 2008
The oil market has stopped its decline and we have had several days of increases. The first
day of fall is upon us. If you do not get automatic deliveries it's time to take a look at your oil tank.
Going into the cold weather with a full oil tank is always a good idea. If you haven't done a tune up on your system,
time is getting short. Book it now.
Mon, September 22, 2008 | link
Tuesday, September 16, 2008
The oil market is falling in step with commodities. The investment bank meltdown is having an impact on the price of
oil. No one can predict with any certainty where these prices are going. Your best bet is conservation.
Good tight windows, doors and oh yes a good efficient heating system. Stay tuned...
Tue, September 16, 2008 | link