Winter storages

Winter’s coming on summer’s almost gone. Well, not yet, but you better hurry if you want to save in your heating bill. Why is this? Most of the oil consumption is taking place on the Northern Hemisphere, where the rich Western countries are located. During the winter these countries have to use lot of energy to heating.

As the demand on elsewhere in the world remains just about the same, we will have a certain consumption spike. This will raise the oil – and related products’ – prices. Act now and fill up the storages to avoid high winter prices. However remember that it is always a bit of a gamble. If we have a mild winter, actual winter time prices might level off as everybody is already stocked and do not need any extra.

Log home and log cabin owners are especially keen to follow the price development as these dwellings are usually on slightly remote areas where there is no easy tapping into a power grid and oil has to be used to create both heat and electricity. This nice article goes into more detail on this. (If the link doesn't work while you are reading this, maybe you can Google it using " Many opt to lock in for a long, cold winter")