U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Maine
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 08-07-2011, 08:34 AM
 
1,594 posts, read 3,408,443 times
Reputation: 1092

Advertisements

Oil prices are going to fluctuate like crazy for the next month or so IMO while the fallout from the U.S. credit downgrade settles out. WTI crude has fallen from ~$91.50 to $87.25 in the past 72 hours (and briefly dipped below $84) on expectations of a severe economic decline in the U.S. this winter. At the same time, the dollar's value is dropping because of the credit downgrade, which usually pushes oil prices up. Then again, the European economic crisis will also affect prices. So I expect oil prices to whipsaw.

In the middle- and long-term, I wouldn't be surprised to see OPEC and other major oil producers (Russia, i.e.) seek a more stable currency platform to serve as the global oil price structure. China and Iran have already closed non-dollar oil deals, and Russia is negotiating similar offside trades. Again IMVHO, I think the dollar's days as the world reserve currency are numbered. When that happens, it gets very unpleasant.

IOW, another example of how events far away from Maine can bring trouble right to our doorsteps.

As for me, I'll be burning a lot of wood this winter.
Quick reply to this message

 
Old 08-07-2011, 08:38 AM
 
1,594 posts, read 3,408,443 times
Reputation: 1092
Quote:
Originally Posted by Newdaawn View Post
It would seem that many that are now going with the Bangor Natural Gas here that it would be a bit of competition for the oil dealers. Remains to be seen I guess. It is being installed on our street an about 40% or the people seem to be hooking in. We decided not to go for it. It would require us to have a new liner for the chimney, and a retro fit for the furnace. There is no reason to believe that it will be fewer dollars spent to heat the house for the winter. It will be interesting to see how people that hooked in like it come spring.
Natgas prices tend to echo oil prices, but without as much volatility and usually at a lower overall cost. Frankly, if we had the option here I'd hook up to natgas in a heart beat.

BTW, why would you need to have your chimney relined? When we lived in the Midwest, a lot of natgas furnaces just vented out a basement window or up a simple pipe through the roof.
Quick reply to this message
 
Old 08-07-2011, 08:41 AM
 
Location: Central Maine
1,472 posts, read 2,613,688 times
Reputation: 1276
Quote:
Originally Posted by Coaster View Post
Natgas prices tend to echo oil prices, but without as much volatility and usually at a lower overall cost. Frankly, if we had the option here I'd hook up to natgas in a heart beat.

BTW, why would you need to have your chimney relined? When we lived in the Midwest, a lot of natgas furnaces just vented out a basement window or up a simple pipe through the roof.
My guess is that his chimney is probably not lined, so adding anything new would require it to be fixed.

I agree, if I could get nat. gas, I'd be hooked into it immediately.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Maine
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top