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Before 2012 comes to a close, we want to thank our readers and those that have secured advertising in The Advantage news. Our goal is to bring you regular up-to-date energy news and small business tips. For your reading pleasure, we've put together a recap of the most accessed articles from 2012. Our regular publication will resume Wednesday, Jan. 2. We wish you a Merry Christmas and a Happy New Year!

What's driving heating oil prices?    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From Feb. 8, 2012: Heating oil contracts ended at the end of January at their highest level in 11 weeks, despite warmer than normal winter temperatures cutting into heating demand, Reuters reports. Heating oil futures contracts, bought and sold by energy traders on world commodity markets, settled on Feb. 3 at $3.1144 a gallon. It was the highest settlement since Nov. 16. Heating oil contracts gained 4.4 percent for the week, or 1.43 percent, extending gains for the second consecutive week. These movements dictate the price heating customers and dealers pay for their fuel. But the upward pressure on prices might have folks scratching their heads given mild winter temperatures across the U.S. More

The Department Of Energy just increased its outlook for oil prices by $20 per barrel
Business Insider    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From June 27, 2012: The Department of Energy's Energy Information Administration has released its Annual Energy Outlook for 2012, and the big theme in the report is uncertainty. But it's pretty sure oil prices are going to go up. More

Heating oil expenditures to hit new record highs    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From Feb. 15, 2012: Despite much of the country experiencing its fourth warmest winter on record, residential heating oil expenditure is still tipped to hit record highs this winter, giving little reprieve to struggling homeowners. In its weekly petroleum report, the U.S. Energy Information Administration said the average household is forecast to spend $2,326 heating their home with fuel oil this winter. That's slightly higher than the previous record high of $2,300 posted last winter. The EIA says two main factors drive heating oil expenditure — temperature and price. And while temperatures have waned, heating oil is still commanding strong prices on world commodity markets for a number of reasons. More

US was net oil-product exporter for 1st time since 1949
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From March 7, 2012: The U.S. exported more gasoline, diesel and other fuels than it imported in 2011 for the first time since 1949, the Energy Department said. Shipments abroad of petroleum products exceeded imports by 439,000 barrels a day, the department said in the Petroleum Supply Monthly report. In 2010, daily net imports averaged 269,000 barrels. U.S. refiners exported record amounts of gasoline, heating oil and diesel to meet higher global fuel demand while U.S. fuel consumption sank. More

Home heating oil for a penny per gallon?
WBZ-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From Feb. 15, 2012: VideoBriefIt's one of the worst bills we have to pay: The one to keep our houses warm. In the past, the only option to save money was to turn the thermostat down and grab another sweater. But Neighbor Oil, a new company based in Andover, Mass., promises to save homeowners big bucks by earning points. Neighor Oil keeps track of your points and calculates your lower price every time your order oil. The savings can add up fast for the average client. "We are saving them 30-35 percent over last year's price," said CEO Paul Harkins. More

US releases heating oil reserves for 1st time ever
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From Nov. 7, 2012: On Nov. 2, The Energy Department announced it would release fuel from the northeast heating oil reserve to help in the Hurricane Sandy recovery efforts. This release includes diesel fuel for emergency equipment and buildings, including electrical generators, water pumps, GSA buildings, trucks and other vehicles. This is the first time fuel has been released from the heating oil reserve. More

Which alternative energies will lead us into the future?    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From Feb. 29, 2012: When Tom Murphy, associate professor of physics at the University of California, first approached the topic of societal energy in 2004, he became aware for the first time that our energy future was not in the bag, and proceeded to explore alternative after alternative to judge the viability and potential pitfalls of various options. He studied the scales at which different energy sources might contribute and the practical complexities involved. More

New York Times article generates support for Maine oil company
WCSH-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From Feb. 8, 2012: VideoBriefAn article in the New York Times about a small town oil company in Maine has caught the attention of people across the country and captured their hearts. Since the article appeared on the Times front page Feb. 4, the owner of Hometown Energy in Dixfield, Maine, has been fielding calls and opening cards and letters from people across America. It all started when Ike Libby agreed to an interview with a reporter from the New York Times who was doing a story on people struggling to heat their homes. He recalled a couple he had delivered oil to a few times, even though they couldn't pay the bill. More

Oil delivery to wrong address spells doom
UPI    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From Nov. 21, 2012: A home heating oil delivery to the wrong address on Canada's Vancouver Island created a hazard and the house had to be torn down, officials said. The new owner of the property was renovating the house and had recently switched from oil heat to electric. He wasn't there when a tanker truck pulled up and pumped almost 80 gallons of oil into the disconnected tank. More

Shortage of Freon worries HVAC contractors
Sacramento Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From March 7, 2012: A jump in the cost of a common refrigerant is putting building owners in a jam — and could force some to pay for unplanned and expensive HVAC upgrades. R-22, a gas also known by the Dupont brand name Freon, is used in most commercial and home air conditioners. The wholesale price went from $4 per pound in 2010 to around $10 per pound in January. Some dealers report the price rising as much as 60 percent in the past month alone. More

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Colby Horton, Vice President of Publishing, 469.420.2601
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