Who needs heating oil in this age of global warming?
"Oil heat bills are expected to soar" October 13, 2011|By Erin Ailworth, Globe Staff
Households that heat with oil are expected to spend a record amount this winter to stay warm, with bills projected to rise nearly $200 over last year, according to a federal forecast released yesterday.
The US Energy Information Administration said the nation’s heating oil customers - most of whom live in the Northeast - will probably pay more than in any previous winter as heating oil costs rise to an average $3.71 per gallon. The average household is estimated to spend nearly $2,500 between now and March.
The biggest reason for the increase: the rising price of a barrel of crude, the main component of heating oil, as demand rises in emerging markets such as China and the Middle East....
That is because of your ever-declining dollar, Americans -- as the paper blames it on those it wants to go to war with.
--more--"
Related: Washington Keeps Poor Out in Cold
Also see: Feds authorize release of heating funds
Exxon Mobil profit rises 41 pct on higher prices
I'm feeling warmer already.
