OPEC to cut production
Jan 1, 2017 marks the start of OPEC's recently accepted plan to cut oil output by 1.2 million barrels/day, 1.8 million b/d with the help of Russia for the first 6 months of 2017. This is the first hault in production of this magnitude since 2008. With OPEC's hope of rebalancing the market, U.S. shale production had been predicted to increase. That is just what seems to be happening. Industrial service company, Baker Hughes reports that U.S. oil producers added two oil rigs this past week (Keitz). That brings the count up to 525 oil rigs in the U.S. Some speculate with a cut in production, prices of crude could be up to $60/barrel in little as a few weeks. Others argue that OPEC will fail to reduce their production to the extent of the agreenment. OPEC members are consistently boosting their production even admist all the talk of production cuts.
Keitz, Anders. "U.S. Oil and Gas Producers Boost Rig Count Ahead of OPEC Production Cuts." TheStreet. TheStreet, 30 Dec. 2016. Web. 01 Jan. 2017.
"OPEC Reaches a Deal to Cut Production." The Economist. The Economist Newspaper, 03 Dec. 2016. Web. 01 Jan. 2017.
Using our new online ordering tool
Hello everyone! The purpose of this blog post is to give a brief summary on how to use our new online ordering tool. As simple as it may be, further explanation is always a good thing. After you click "Place an order" on our homepage you will then be brought to the screen below:
Working your way down the form you will notice it is very straight forward and easy to fill out.
Things to remember are:
After clicking continue, you will then be brought to the page where you enter the delivery information. First and Last name, phone number, delivery address. Scrolling down you will see the summary of the order, the place where you will enter your credit card (Visa, Mastercard, Discover), and our terms and conditions. A portion of the page will look like the image below:
Once filled out, click "Complete Order" and that's it! You just ordered your oil delivery without ever having to pick up a phone and you did it in just a few minutes. You can then print out your receipt and expect your delivery in a maximum of 2 business days!
Thank you so much for your continued support!
Happy Holidays from our family to yours.
How much oil do i order?
There is often a lot of confusion when it comes to how many gallons of oil to order. The first thing to do is look at your tank's gauge, keep in mind the average tank size is 275 gallons. Many people would think that if their tank reads 1/2 full then around 135 gallons should fill it up. However, between air and debris being at the bottom of the tank it simply will not accommadate exactly 275 gallons of oil. This is completely normal and below is a picture and chart of when to order oil and how much.
Learn how your heating system works.
Ever wonder what exactly is going on when you turn up your thermostat or when you hear your furnace kick on? When heating with oil, your home will be equipped with one of these three systems: Forced hot water, by means of baseboard, steam which utilizes radiators, or warm air which would be blown through vents. The thermostat works by sensing when the room temperature falls below the set temperature. Once that happens a signal will be sent to your heating system to turn on. Once engaged, oil travels from your tank into the burner. As the fuel and air mixture is injected into your burner it is then ignited in the combustion chamber. For heating that uses water, there will be either a cast iron or steel boiler where the water is heated. From there it will be circulated through your baseboards or, in the steam system, heated up and turned into steam to then go through your radiators. With warm air, instead of heating water, your furnace simply heats air which is then dispersed through your home by means of a blower. Your chimney is the last step of this process. Emissions caused from the combustion process is then emitted through a flue vent right out your chimney. Keep in mind that with today's ultra low sulfur fuel oil we are leaving a smaller footprint than ever before all while efficiently and cost effectively heating our homes.
OUR expanded service area
With the heating season well underway we're happy to announce we have included several towns in our service area. Ashburnham, Ashby, Fitchburg, Gardner, Lancaster, Leominster, Shirley, Sterling and Townsend and Westminster are now towns we will be delivering in. If your town is listed, give us a call and take advantage of our discounted price and speedy delivery! We'll see you around town, keep and eye out for the blue truck.
Fitchburg Economy Oil
David A. Champa