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Why Are The Cheapest Oil Prices On The Stock Market Not Reflected By The Cheapest Oil Prices For Home Heating?
A question often asked is "why is home heating oil not the same price as it was when crude oil was this price?".
Such a question made headlines in NI (Northern Ireland) in late 2008. A home heating oil website that monitors the cheapest oil in Northern Ireland looked into whether there is a case to answer.
There may be discrepancies but the biggest reason for the difference is in the exchange rates (as oil is priced in dollars).
In November 2007, $64 would have been just over £30. In November 2008, $64 would be around £40. This sort of difference alone would mean oil priced at £300 in Northern Ireland one year could cost £400 the following year in Northern Ireland.
If the price of crude oil remains steady and the pound gains strength against the dollar then there is no reason why we can't see even cheaper home heating oil.
For the UK, including Northern Ireland, the big question should not be how many dollars a barrel of oil is but how many pounds a barrel of oil is. Although the crude oil price has dropped quite a bit, consumers haven't got the full benefit of it because oil is priced in dollars and the pound has been weak recently against the dollar. For example, anything that cost US$45 would translate as £22 in the summer but cost £30 now so the exchange rates have been working against the price drops of oil.
However there is only so far it can go. Oil distributors, including those in Northern Ireland, would be quick to point out that they sell kerosene, not crude oil and that other cost factors need to be taken into consideration. If the price of a barrel of oil was free, that doesn't mean someone is going to get it refined into kerosene and deliver it to your house for free. There are costs that are going to be more static than the stock market prices.
About the Author
Cheapest Oil Limited is behind the most popular home heating oil website for Northern Ireland.
Change Your Boat's Oil Efficiently and Reduce the Threat to the Marine Environment!
To prolong the life of the boat, most boat owners go through the tedious task of changing the oil and filter at least once a year. But, changing the boat's oil can be one of the most daunting tasks for any boat owner as there are possibilities of accidental oil spills, which in turn contribute to marine pollution and lead to Coast Guard fines. To avoid such situations, efficient methods for changing boat oil have to be adopted.
Here are some useful steps that you can follow while changing boat oil:
•Let your boat's engine run until it gets warmed up to 130 degrees. By doing so, the oil will be loosened from the engine. As a result, the oil will no longer be thick and will flow freely and also drain better.
•Open the oil plug and use an oil pump to drain the old oil into the catch pan. It is recommended that you go for oil pumps so that you can reach the oil plugs of inboard engines with ease.
•Once the old oil gets drained completely, proceed with changing the oil filter. Take extra care while changing the filter since there might be possible oil spills when it is unscrewed. To avoid such spills, a plastic bag can be fastened to the filter.
•Replace the oil plug and fill the oil receptacle with the appropriate amount of oil. Using a funnel for filling purpose can reduce oil spills to a great extent.
•Cleanup the oil spills and drips immediately using only eco-friendly oil spill cleaners. You can use Oil Gone Easy S-200 for effective oil spill cleanup as it works using bioremediation technology.
•Make sure that the oil does not seep into your boat's bilge tank as letting out oily bilge water into the sea can get you heavy Coast Guard fines.
•Run the engine for few minutes and most importantly dispose the old oil properly.
About the Author
For more details about Changing boat oil and Oil Spills visit our site oilgoneeasy.

US $5.56



















