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09 Feb 2007 Oil prices rise as chill sets in

Crude oil has experienced strong growth following cold and snowy weather, with US fuel topping $60 (£30.77) per barrel.

Oil+storage+tanks For the first time in more than a month, US crude has risen to over $60, settling at $60.42 after a 1.2 per cent increase. London Brent Crude added 30 cents, rising to $59.33 a barrel.

"The weather has been a key factor this month," Dariusz Kowalczyk, chief investment strategist with CFC Seymour, told Bloomberg.

Following strong snowfalls, the Met Office yesterday claimed that weather conditions were slowly improving; however it warned of the possibility that further freezing weather could hit the UK in the near future.

"Through the weekend and early next week, there is a risk that weather systems could bring more wintry conditions with snow and ice to some parts," forecasters predicted.

Such conditions may impact upon oil prices, causing an increase in demand. Domestic heating oil customers should ensure that they have plenty of fuel stocks to keep them warm during the cold snap.

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The technician should be able to provide proof of his Oil Heating License; law requires it.
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Smart controls: The latest in micro-processing technologies allows the system to automatically adjust itself to changing environmental requirements resulting in fewer on/off cycles. This reduces fuel consumption, wear on equipment, exhaust emissions and electrical usage by the system.

High-pressure flame retention burners: Hotter flames with less air and fuel required are evidence of improvements in the high-flow atomization and vaporizing technologies used in the newer burners today.

Safe: Fuel oil, in its natural liquid state, wont burn. It must be vaporized to ignite. It will not burn if a lit match is thrown into a puddle of it. By virtue of this quality, it cannot explode when exposed to a spark or flame. Also, heating oil fumes are not poison like natural gas.

Clean Burning: The average oil burning system emits 6 ounces of particulate emissions (soot) per year or roughly 1/8th of a pound of soot for every ton of fuel oil burned. That marks a 95% improvement over the last 25 years or so. There are no federal regulations on heating oil emissions.

If you heat with another source of energy or are building new, then you should be aware that heating oil is a viable option to meet your familys heating needs.

Heating oil technology has kept pace with the competition from other heating options and in some cases surpassed it. If you currently heat with oil, then it is a safe bet that it will continue to serve you well into the new century before us.

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