For another, dumping 30m barrels of crude oil on to the market will not necessarily lead to a greater availability of heating oil.
WASHINGTON, July 21 (Reuters) - A bipartisan group of U.S. lawmakers on Friday urged major oil companies to raise production of home heating oil as soon as possible to avoid supply shortages in the Northeast this autumn and winter.
Why is the price of oil going up driving up the cost of gasoline, heating oil and many other products you rely on every day?
Former U.S. Rep. Joseph Kennedy II recalled that Chavez and the people of Venezuela donated 200 million gallons of heating oil to Citizens Energy, which distributes oil to lower income families in 25 states and Washington, D.
Former U.S. Rep. Joseph Kennedy II recalled that Chavez and the people of Venezuela donated 200 million gallons of heating oil to the group he heads, Citizens Energy, which distributes oil to lower income families in 25 states and Washington, D.
The price of home heating oil in Northern Ireland has hit an all time high.
But there is good reason to think that the market has not yet peaked: the northern hemisphere's winter is only now approaching, heating oil stocks are at extremely low levels on both sides of the Atlantic, and the price of natural gas (oil's chief rival for home heating) has lately gone through the roof.
Private-sector inventories of distillates like heating oil are unusually low as winter nears.
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"Regulation of the home heating oil industry could provide consumers with transparency and reassurance that the price they are being asked to pay is fair, " he said.
The members of Congress said while national attention has focused on high prices and low supplies of gasoline, heating oil stocks have fallen to "dangerously" low levels, down 63 percent on the East Coast from a year ago.
This June it broke ground in Paterson, New Jersey, just east of its U.S. headquarters, on a prototype family home with insulation that reduces the amount of oil required for heating and cooling by 80%.
The committee will also draw up programmes of humanitarian aid, including heating oil for the winter.
It carried out an 18-month investigation into the price of petrol, diesel, heating oil and marine diesel.
But in November 2005, it signed a deal with the US state of Massachusetts to provide cheap heating oil to poor households.
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The firm said it had also been hit by warm weather, which reduced demand for heating oil, and lower sales of jet fuel as the aviation industry struggled to recover from the aftermath of 11 September.
When gas first began to be used a lot in the 1960s it was a substitute for home heating oil, and so it made sense to tie its price to that of oil.
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And families cannot throw away more and more of their paychecks on gas and heating oil.
Washington also released 2 million barrels a day of diesel from the Northeast Home Heating Oil Reserve, bound for New York and New Jersey.
You started your career of service as a community organizer and now we are hearing from people like -- organizations like the CBC is saying rebuilding our economy on the backs of the most vulnerable Americans is something that is simply not acceptable, like the cuts to the Community Service Block Grants, Pell Grants, heating oil assistance, and freezing salaries of federal workers.
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Third, the President authorized the Secretary of Energy to tap the Northeast Home Heating Oil Reserve.
And get ready, Nymex, ICE will be introducing gasoline and heating oil contracts through its electronic trading network as of Friday.
In the wake of the events in Egypt, the government raised heating oil allowances for public sector workers after an earlier plan to withdraw subsidies that drain the national budget.
Kennedy II from Citizens Energy Corp. met with Venezuelan Hugo Chavez and engineered a deal in which Venezuela would supply winter home heating oil at a 40 percent price reduction to thousands of low-income Massachusetts residents.
One of the Rice University scientists conducted experiments in which flakes of rust were made into nanoparticles by heating them in coconut or olive oil at 350C and could then be used in water purification.
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About 75 percent of our heating comes from heating plants and private people who have changed their oil furnaces to something renewable.
Crude oil accounts for a hefty 23% weighting, and along with gasoline, heating oil and natural gas, the energy complex totals nearly 40% of the entire index.
Even Mr Clinton's officials concede that most of the released 30m barrels will not, in fact, end up as heating oil.
The government bought this oil, which it calls the Northeast Heating Oil Reserve, in late August by trading in 2.8 million barrels of valuable crude and taking the hit for a nasty refining markup.
Finished energy goods registered their fifth consecutive month of gains, up 3.3% on rising prices for gasoline, home heating oil, and residential electric power. (Read Why World Food Prices Will Keep Climbing).
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