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holy moley

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Old May 21, 2008 | 06:23 PM
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Default holy moley

I just checked heating oil futures for next winter.
december, january, and february are all over $4.00 at wholesale.

that's probably 4.50 delivered.
at this rate we could see $5.00 a gallon next winter.

this is nuts.
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Old May 21, 2008 | 06:28 PM
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[QUOTE=boltonblue,May 21 2008, 10:23 PM] I just checked heating oil futures for next winter.
december, january, and february are all over $4.00 at wholesale.
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Old May 21, 2008 | 06:29 PM
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Which is one big reason it looks like we decided to hold off buying a house 'til next year. For now, we stay in the townhouse and save money, partially because it's cheap to live here, and partially because I'll save thousands of $$ not having to heat a house.
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Old May 21, 2008 | 06:44 PM
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Natural Gas is up too, but not as bad as home heating oil.....you guys are gonna get nailed.

A side note, I'm starting to read that some analysist are suggesting a bit of a bubble on oil prices....it would be nice if it popped.
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Old May 21, 2008 | 07:05 PM
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I wont need to heat, ill be in South Carolina! WOOO HOOO!!!! Yall can have the cold!
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Old May 21, 2008 | 07:07 PM
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Originally Posted by Cubs2k,May 21 2008, 09:44 PM
Natural Gas is up too, but not as bad as home heating oil.....you guys are gonna get nailed.

A side note, I'm starting to read that some analysist are suggesting a bit of a bubble on oil prices....it would be nice if it popped.
Actually, I think it is a very big bubble. The next group of people to get burnt will be those holding top dollar oil futures when the bubble pops.
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Old May 21, 2008 | 07:08 PM
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Originally Posted by s2k11,May 21 2008, 11:05 PM
I wont need to heat, ill be in South Carolina! WOOO HOOO!!!! Yall can have the cold!
BTW it gets below freezing there also Mr Ty
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Old May 22, 2008 | 02:04 AM
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the poor people and the people living on the edge will get hurt the most

the big two concerns on the wood stove forums are there will be many folks buring wood in unsafe conditions this year ie un-permitted installs and having the stove too close to combustibles which can lead to death and the fact that the prices of firewood will increase because of the demand, less new housing (means less trees being cut down) and fuel costs to get the wood to the buyer
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Old May 22, 2008 | 03:41 AM
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Originally Posted by s2k11,May 21 2008, 11:05 PM
I wont need to heat, ill be in South Carolina! WOOO HOOO!!!! Yall can have the cold!
Don't worry. My sister in NC pays 250+ a month to stay cool from April until October
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Old May 22, 2008 | 04:16 AM
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It's gonna get ugly as people have to shift their priorities in order to pay just to heat their homes (and many who can't afford it period)...

It'll be interesting to watch the oil barons play their game to continue to keep us addicted to the slick stuff.

Starting to make geothermal (or even electric heat) look good.
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