Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:56 AM

GasBuddy News Article

51
votes
Fuel oil industry feeling the heat

The Boston Globe -- After 64 years in the heating oil business, Brown’s Oil and Air Conditioning of Needham faced a choice as it lost customers to cheaper natural gas: close or sell. Vin Brown, the second-generation owner, chose to sell, merging his company with the larger MacFarlane Energy in Dedham.

“Financially, it just became a necessity, ” Brown said. “Right now natural gas is really doing a number on the oil business.”

Brown’s story is the story of the Massachusetts heating oil industry, which has been shrinking in recent years as fuel prices jumped and natural gas prices plunged. Today, less than one-third of Massachusetts homes — 31.8 percent — heat with fuel oil, down from about 40 percent a decade ago, according to the census.

Natural gas heats more than half the state’s homes, up from about


Read the Full Article

Submitted Jan 02, 2013 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Fuel oil industry feeling the heat Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,180
Points:2,059,290
Joined:Nov 2008
Message Posted: Jan 5, 2013 4:40:14 AM

tomok: gotta ask.. are you part parrot?
Profile Pic
tomok
Champion Author Portland

Posts:41,868
Points:2,794,935
Joined:Aug 2006
Message Posted: Jan 4, 2013 11:41:10 AM

Fuel oil industry feeling the heat? If house heating or hot water costs go up, people will find a way to reduce those costs. If fuel oil for heating costs more then other sources then people can change to electrcity, natural gas or whatever is available. Fuel oil may Not be a good choice for most heating.
Businesses selling fuel oil may have to change in some way to stay in business. If selling or merging is the answer - then so be it.
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII! - The Day After......
Profile Pic
vcsuksu21
Champion Author Oklahoma City

Posts:2,543
Points:896,285
Joined:Dec 2010
Message Posted: Jan 3, 2013 9:33:50 PM

Need heat
Profile Pic
rabbit_tdi
Sophomore Author North Carolina

Posts:138
Points:551,730
Joined:Sep 2005
Message Posted: Jan 3, 2013 8:38:48 AM

Sure, heating by natural gas may now be cheaper than by fuel oil, but who wants to bet this will always be the case?

Might be a good idea to keep the old fuel oil furnace in place and ready to use, and install the new gas furnace in conjunction. This way one is able to burn whichever fuel is currently the cheapest. Furthermore, the fuel supplier is more likely to be attentive, since one is not a locked-in customer...
Profile Pic
12mpgnavigator
Champion Author Seattle

Posts:2,844
Points:674,835
Joined:Jun 2009
Message Posted: Jan 3, 2013 6:42:36 AM

Happy New Year everyone!
Profile Pic
remay
Champion Author Houston

Posts:8,911
Points:2,558,415
Joined:May 2006
Message Posted: Jan 3, 2013 6:19:31 AM

Sign of the times...
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:4,825
Points:1,112,375
Joined:Jan 2010
Message Posted: Jan 3, 2013 12:15:44 AM

Glad we have nauural gas.
Profile Pic
pa79th
Champion Author Pennsylvania

Posts:3,903
Points:1,650,600
Joined:Jun 2007
Message Posted: Jan 3, 2013 12:09:42 AM

You'd think that would increase the supply of gasoline...and it does,...but that's just another blatantly greedy excuse to jack the prices up.
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,801
Points:1,525,905
Joined:Jun 2005
Message Posted: Jan 3, 2013 12:09:33 AM

This is a win for the environment.
Profile Pic
naspa
Champion Author Cleveland

Posts:3,500
Points:801,250
Joined:Jan 2012
Message Posted: Jan 3, 2013 12:08:25 AM

They are all suffering, poor gas industry CEOs
Profile Pic
diesel8888
Champion Author Salt Lake City

Posts:3,054
Points:785,175
Joined:Nov 2011
Message Posted: Jan 3, 2013 12:08:18 AM

I hope to see this happening on cars as well.
Profile Pic
FortVancouver01
Champion Author Washington

Posts:1,543
Points:635,370
Joined:Jul 2012
Message Posted: Jan 3, 2013 12:07:22 AM

We switched over three years ago and have cut our heating bill in half. We will have the new system paid for in less than two more years.
Profile Pic
jdevlin
All-Star Author Ontario

Posts:812
Points:1,782,200
Joined:Sep 2008
Message Posted: Jan 3, 2013 12:07:20 AM

NG is cheaper if yo can get it.
Profile Pic
Darwin00
Champion Author Mississippi

Posts:1,861
Points:665,070
Joined:Dec 2010
Message Posted: Jan 3, 2013 12:05:49 AM

Go natural gas!
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:3,093
Points:845,380
Joined:Jan 2012
Message Posted: Jan 3, 2013 12:01:23 AM

Good.
Profile Pic
gasmack
Champion Author Ventura

Posts:3,240
Points:1,065,910
Joined:Feb 2011
Message Posted: Jan 2, 2013 11:57:00 PM

Good luck to those staying with the heating oil business.
Profile Pic
WanderDan
All-Star Author Dayton

Posts:670
Points:369,635
Joined:Nov 2012
Message Posted: Jan 2, 2013 11:55:40 PM

need more renewables,,,
Profile Pic
AKmailman
Champion Author Alaska

Posts:7,781
Points:2,002,445
Joined:Jul 2004
Message Posted: Jan 2, 2013 11:51:56 PM

it nice when you HAVE a choice
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:894,940
Joined:Mar 2006
Message Posted: Jan 2, 2013 11:47:46 PM

Hmm
Profile Pic
beachmanglen
Champion Author Tampa

Posts:1,617
Points:818,670
Joined:Aug 2011
Message Posted: Jan 2, 2013 11:44:42 PM

Boone Pickens is right. Natural gas is the answer.
Profile Pic
BanTheEPA
Veteran Author Dayton

Posts:285
Points:70,000
Joined:Jun 2008
Message Posted: Jan 2, 2013 11:39:55 PM

Now your talking DEG!!
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Jan 2, 2013 11:36:40 PM

Oh my.
Profile Pic
CharlieC08
Champion Author Colorado

Posts:8,106
Points:1,493,805
Joined:Oct 2008
Message Posted: Jan 2, 2013 11:35:22 PM

Things do change.
Profile Pic
defiancegasman
Champion Author Ohio

Posts:7,188
Points:1,355,355
Joined:May 2006
Message Posted: Jan 2, 2013 11:34:19 PM

They could of went into the NAT GAS HEATING BUSINESS, nothing beats it!
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,043
Points:2,579,440
Joined:Apr 2007
Message Posted: Jan 2, 2013 11:32:44 PM

I wish NG to take more of that business away.
Profile Pic
DEG
Champion Author Las Vegas

Posts:19,666
Points:3,926,355
Joined:Jul 2003
Message Posted: Jan 2, 2013 11:31:19 PM

End all subsidies for all forms of energy (gas, natural gas, wind, solar, etc.) and let the market sort it out (with the caveat that the refined products stay in North America or are charge a large excise tax).
Profile Pic
BanTheEPA
Veteran Author Dayton

Posts:285
Points:70,000
Joined:Jun 2008
Message Posted: Jan 2, 2013 11:25:34 PM

This wouldn't be an issue if our government were willing to reign in out of control prices, especially for a product produced and consumed domestically. It does not matter how much oil India or China are using. They are not camped out in our backyards using our oil. Any excess we have, then we can sell to them or whomever at jacked up rates, but our government needs to adopt an a America First philosophy and base domestic product on reasonable prices. It is sad that people who have to use heating oil can spend a few thousand dollars to switch to a natural gas furnace and be able to recoup that cost in one or two years max.
Profile Pic
Marson
Champion Author Scranton

Posts:11,014
Points:2,516,150
Joined:Oct 2006
Message Posted: Jan 2, 2013 11:24:38 PM

Not a surprise.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,412
Points:2,116,090
Joined:Jan 2008
Message Posted: Jan 2, 2013 11:24:14 PM

basic economics of competition
who uses heating oil anyways?
Profile Pic
69Bonne
Champion Author Gary

Posts:2,705
Points:808,340
Joined:Sep 2005
Message Posted: Jan 2, 2013 11:24:06 PM

A small business trying to find a new way to survive. Good for him. If that was a big company, they would have shut it down and laid off more people. Small business is the core of this country.
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,047
Points:2,302,240
Joined:Mar 2003
Message Posted: Jan 2, 2013 11:21:19 PM

Interesting!
Profile Pic
KhelbenArunson
Champion Author Michigan

Posts:6,577
Points:1,161,980
Joined:Apr 2008
Message Posted: Jan 2, 2013 11:19:26 PM

Good.
Profile Pic
Buddy2264
Champion Author Tampa

Posts:13,839
Points:2,809,395
Joined:Oct 2005
Message Posted: Jan 2, 2013 11:07:22 PM

I would guess that is the way to go, natural gas, as fuel oil now in new furnaces is converted to a gas when burned. I would go with the cheaper fuel. Sorry for the business loss, but would think they could convert to working on natural gas equipment.
Profile Pic
mrbee
Champion Author Little Rock

Posts:5,900
Points:2,913,175
Joined:Oct 2005
Message Posted: Jan 2, 2013 11:02:54 PM

Go natural gas.
Profile Pic
serrog
Champion Author Nova Scotia

Posts:7,701
Points:1,959,335
Joined:Oct 2008
Message Posted: Jan 2, 2013 11:02:47 PM

greed rules here too
Profile Pic
sickhp
Champion Author San Antonio

Posts:3,015
Points:940,210
Joined:Sep 2011
Message Posted: Jan 2, 2013 11:01:35 PM

I enjoy using Natural Gas.
Profile Pic
wayoung56
Champion Author Alabama

Posts:4,815
Points:1,252,510
Joined:Oct 2006
Message Posted: Jan 2, 2013 10:58:16 PM

Hmmm...
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,013
Points:2,014,865
Joined:Nov 2008
Message Posted: Jan 2, 2013 10:56:01 PM

Less demand on oil is good
Profile Pic
rjoeh
Champion Author Michigan

Posts:9,205
Points:2,916,650
Joined:Jun 2004
Message Posted: Jan 2, 2013 10:48:46 PM

Oil is still good... but has failed to remain competitive as new supplies of natural gas come on line. Its a matter of adapt or sink.
Profile Pic
30mpg80
Champion Author Lexington

Posts:13,770
Points:1,935,830
Joined:Nov 2008
Message Posted: Jan 2, 2013 10:47:42 PM

Natural gas will go back up, but still may stay cheaper than fuel oil.
Profile Pic
lowspeed
Champion Author Akron

Posts:2,803
Points:637,655
Joined:Aug 2008
Message Posted: Jan 2, 2013 10:44:46 PM

there are better ways to heat
Profile Pic
medic319
All-Star Author Akron

Posts:756
Points:554,300
Joined:Mar 2012
Message Posted: Jan 2, 2013 10:44:28 PM

My dad does everything he can to keep from burning fuel oil. He built several "heat grabbers" from Mother Earth News plans.
Profile Pic
sarasotasingle
Champion Author Sarasota

Posts:2,892
Points:677,655
Joined:Jun 2012
Message Posted: Jan 2, 2013 10:44:22 PM

GREED !!!!!!!!!!!
Profile Pic
seahawks
Champion Author Washington

Posts:4,677
Points:2,292,550
Joined:Sep 2005
Message Posted: Jan 2, 2013 10:40:33 PM

just pure greed!!!
Profile Pic
toadNY
Champion Author Albany

Posts:9,227
Points:1,962,325
Joined:Apr 2008
Message Posted: Jan 2, 2013 10:35:52 PM

Gas prices have not jumped like oil!
Profile Pic
spunky4443
Champion Author Washington

Posts:5,603
Points:1,407,165
Joined:May 2005
Message Posted: Jan 2, 2013 10:34:10 PM

Always said that the Oil Companies were screwing themselves with high price of fuel.
Profile Pic
bhb2009
Veteran Author Flint

Posts:294
Points:1,116,130
Joined:Jul 2009
Message Posted: Jan 2, 2013 10:33:51 PM

supply and demand
Profile Pic
yyc2yow
Champion Author Ottawa

Posts:1,037
Points:650,705
Joined:Dec 2009
Message Posted: Jan 2, 2013 10:33:30 PM

good for them
Profile Pic
snerd
All-Star Author Pennsylvania

Posts:935
Points:666,700
Joined:May 2005
Message Posted: Jan 2, 2013 10:32:09 PM

Roll with the changes or get out of the way.
Profile Pic
jb107
Champion Author New Jersey

Posts:11,658
Points:3,065,550
Joined:Sep 2005
Message Posted: Jan 2, 2013 10:20:04 PM

Natural gas is best if you can hook up to it.
Post a reply Back to Topics