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The average home using heating oil is projected to pay $1,851 to keep warm, compared to $601 for an average home using natural gas or $1,063 for electricity, the EIA said.
In September, the U.S. Department of Energy’s Office of Petroleum Reserves announced it would sell up to 10 million barrels of crude oil to be delivered from the Strategic Petroleum Reserve (SPR ...
American petroleum refining largely grew out of oil shale refining. When the Drake Well started producing in 1859, the oil shale industry was growing rapidly, and establishing refineries near cannel coal deposits along the Ohio River Valley. As oil production increased, the oil shale refiners discovered that their refining process worked just ...
On July 10, 2000, President of the United States Bill Clinton directed Energy Secretary Bill Richardson to establish a 2,000,000-US-barrel (63,000,000 US gal; 240,000,000 L) home heating oil component of the Strategic Petroleum Reserve in the Northeast. The intent was to create a buffer large enough to allow commercial companies to compensate ...
In England, Scotland and Wales, there are two types of heating oil: commercial heating oil – referring to gas oil, i.e. red diesel – and domestic heating oil – meaning kerosene, specifically BS 2869 Class C2 kerosene. [8] Heating oil is used for home heating in England, Scotland and Wales, typically in premises away from mains gas.
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