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Heating oil is widely used in both the United States and Canada, with U.S. residential use most common in the northeastern states of New York and Pennsylvania and in New England, collectively accounting for 85% of total U.S. residential heating oil use. [4]
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 ...
Established in 1950, NEFI represents approximately 1,500 dealers and marketers of heating oil and biofuels for home heating applications (such as bioheat). According to the association's statements, a majority of its member companies are classified as small businesses. NEFI membership also includes heating oil and biofuel transporters and ...
On Oct. 5, the Organization of the Petroleum Exporting Countries (OPEC) and its oil-producing allies that comprise OPEC+ announced they would be cutting oil production by two million barrels a day...
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The region burns oil to generate electricity when it doesn’t have enough natural gas—and it doesn’t have enough natural gas. Oil and Gas Investor Op-ed: The New England Oilers Skip to main ...
Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015
High oil prices in the 1970s induced investment in oil production by non-OPEC countries, particularly for reserves with a higher cost of production. [39] [40] These included Prudhoe Bay in Alaska, the North Sea offshore fields of the United Kingdom and Norway, the Cantarell offshore field of Mexico, and oil sands in Canada. [41] [42] [43]