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Oil nears $123 on $200 oil prediction, supply concerns
May 06, 2008 - Associated Press
New York - Oil futures blasted to a new record over $122 a barrel Tuesday, gaining momentum as investors
bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices
edged lower, but appear poised to rise to new records of their own in coming weeks.
A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to
motivate much of Tuesday's buying, although a falling dollar and increasing concerns about declining crude
production in Mexico and Russia contributed, analysts say.
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Unstoppable Oil: Prices Hit Record High at $109 a Barrel
March 11, 2008 - Associated Press
VIENNA, Austria - Oil prices topped $109 a barrel for the first time Tuesday as investors sought
refuge from the anemic dollar.
Speculation that rising prices for oil and other commodities will offset the falling dollar has driven
oil up from $87 a barrel in January. Oil's latest rise came as the International Energy Agency said
crude prices will likely be underpinned by brisk demand in China and other emerging markets.
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NY Daily News stated that the price of a barrel of oil hit $100 Wednesday
January 3, 2008
Sending shivers through the economy, along with the specter of $4-a-gallon gas prices.
Experts say even the brief flirtation with triple-digit oil will pull up the cost of heating
your home, driving your car, flying in planes and just about everything else.
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Energy Officials Project Record High Prices for Heating this Winter
September 25, 2007
According to the National Energy Assistance Directors’ Association prices for winter home
heating are projected to increase by 10.5% for all families and reach record levels for home
heating oil, propane and electricity this winter. Prices for home heating oil, in particular,
are projected to be almost 28% higher than last year’s level. The average family is projected
to pay about $402 more for home heating oil than last year for a total of $1,834.
According to Mark Wolfe, Executive Director of the National Energy Assistance Directors’
Association, “these record prices will place a significant burden on low and moderate income
families this winter.
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Forbes.com
September 12, 2007 - Evelyn M. Rusli
The price of crude oil crossed the $80-a-barrel mark for the first time ever in New York
on Wednesday, as global supplies tighten. Although the time spent above the $80 threshold
was brief, a barrel of crude on the New York Mercantile Exchange went for $79.91 at the
close of trading, up $1.68 for the day.
The seemingly inexorable rise in oil -- which early this year was below $56 a barrel --
reflects global trends such as the red-hot economies of India and China, which are using
increasingly large amounts of energy. This surge in demand has drained supply, pushing up
the price of crude and, inevitably, gas pump prices. According to U.S. Energy Information
Administration Senior Economist Tancred Lidderdale, the global consumption for petroleum
has increased 1.5% this year, meaning the world is gobbling up 1.3 million more barrels
per day than it did last year.
Energy Costs: Get A Handle On Your Heating Bills.
Energy costs are a major household or business expenditure, especially in harsher winter climates. As a fuel source, wood -- in addition to being readily available and totally renewable -- is also very inexpensive compared to other fuel sources. In fact, the energy savings realized by heating with the Classic can often pay back the purchase price in the first two years. By adding a domestic water-to-water heat exchanger, the Classic can also provide all of your hot water. You can then turn your water heater off and realize big savings on your electric or gas bill. Over a ten-year period, a homeowner or business may save $10,000 to $50,000 or more on heating costs. Heating with a Classic outdoor wood furnace only makes ‘cents’ and lots of it!
Wood Heat: Good For You, Good For Our Environment.
A wood heating system is the right choice for the increasing number of people who are concerned about our environment. Unlike systems that rely on fossil fuels, wood is a totally renewable resource, which, when burned, results in no net carbon dioxide increase. Carbon dioxide is part of the natural plant-growth cycle and occurs naturally when trees are allowed to rot on the forest floor. On the other hand, fossil fuels, when burned, release carbon dioxide which otherwise would stay trapped in the earth. This causes a net increase in carbon dioxide, which is believed to be responsible for the heat-trapping "greenhouse effect." In addition, harvesting firewood has a pruning effect on forests, which allows new growth to flourish. And the wood you burn most likely comes from your local area -- it's not imported, as is the case with oil.
Eliminates your heating bill...
For many owners that cut their own wood or use scrap wood, they can entirely eliminate their heating bills.
Did you know...
Using wood as a heating fuel is endorsed by the U.S. Forestry Service.
By burning wood, a renewable resource, an average home will save enough nonrenewable fossil fuel to operate an automobile for a full year.
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Want to know how an outdoor wood furnace works?
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A safe, efficient outdoor furnace that can provide 100% of your heating needs.
Central Boiler manufactures and distributes the Classic Outdoor Wood Furnace, an Outdoor Wood-fired
Hydronic Heater that heats multiple buildings, hot tubs, pools, greenhouses, domestic water and more.
While burning a wood stove indoors can mean many problems, there is an alternative... The Classic outdoor wood furnace
from Central Boiler. Also known as an outdoor wood boiler, this Outdoor Wood-fired Hydronic Heater eliminates the problems associated with indoor burning and allows you to get
even more benefits from wood heat. This outdoor furnace can actually improve the indoor environment in your home or
business, while eliminating the time-consuming chore of tending a traditional wood stove.
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