natural gas vs oil reddit

The closing WTI price in 2015 has averaged $50.82 per barrel. Therefore it is used to heat. 1. A geothermal heat pump uses electricity. top. save hide report. Exxonmobil just … Natural Gas Geyser can be found in Swamp and Caustic Biomes and are a renewable direct source of Natural Gas. If you have either of those, you'll be looking at switching to a gas appliance to take care of that as well. 5 5. So. While there are other options, the three most practical choices usually end up being natural gas, propane, or fuel oil. User account menu. We'll have to get natural gas quoted. Choice Learn More . Hydrocarbons are molecules made up mostly of Hydrogen and Carbon (hence, hydrocarbon). Only the manufacturer of the gas appliance can provide the appropriate kit for either propane or natural gas. Wood, like coal, is dirty both with respect to clean up as well as emissions. Gas and Oil Industry r/ Gas_and_Oil. It is made up of certain hydrocarbons, so that it's not that heavy, but still has a lot of energy in it. I would get a NG boiler and heat pump. Geothermal vs Gas. When oil is referred to in the company of gasoline, crude oil is specifically what is intended. Thank you for answering my dumb question. save. share. card classic compact. You also pretty much can't run out of gas, as it's a pipeline; oil you need to make sure you keep enough in the tank (that same cold-snap last year resulted in 1-2 week + lead times for pretty much every oil company in the northeast, where normally I get delivery in a day or two). ELI5: What's the difference between natural gas, oil, and gasoline? Press J to jump to the feed. Utilities and public utility commissions often support expansion of the natural gas … Oil vs Natural Gas: 7 Reasons Home Heating Oil is Safer. Thanks!! Heating oil may not be the cheaper option as gas has traditionally been the most popular heating fuel for UK consumers, mostly because it has always been low-cost, but there has been a massive shift in prices in recent months and with oil prices so low right now, natural gas is no longer the cheaper option. I know some homes connected to natural gas also use it for various appliances, is oil typically used for anything other than heat? Are operators using natural gas production as a hedge against current oil prices? Press J to jump to the feed. R-Square is high 0.7385. Natural gas is considered a vital bridge fuel for the transition away from fossil fuels to a renewable future, but it is already facing serious competition from the fuels of the future Fuel Oil, Natural Gas, or Propane. New comments cannot be posted and votes cannot be cast. We're evaluating our options and am debating between a natural gas in-line pump vs. a battery system like PowerWall and was hoping to get some viewpoints from the community here. Gas seems to be a bit cheaper, and it's certainly less volatile price-wise than oil is, it hit nearly $4 a gallon last year during a cold snap. That said, boiler heat is WAY better for comfort than hot air. Community for the space-colony simulation game Oxygen Not Included … Oil is a global market, and increased production here in the United States and Canada reduced our oil … Explain Like I'm Five is the best forum and archive on the internet for layperson-friendly explanations. Also dumb question: the oil boiler is just used as a furnace right? Less Upfront Cost Heating furnaces that use oil cost 10% – 25% less than the ones that use natural gas. My fiance and I are buying a home in the upper Midwest that has an oil furnace. By using our Services or clicking I agree, you agree to our use of cookies. The oil fired stack gas temperature must be higher ( about 125 C vs 93 C)than for a gas fired unit, which leads to a lower efficiency based on LHV. Safer to Store and Use Despite the fact that oil is flammable, it will not explode in case of an accident. Both are almost exclusively produced in the US and Canada. Not to say that natural gas prices have fared well, though the year over year price drop has been less severe for natural gas. Hot New Top Rising. Compared to oil, natural gas is less expensive. rising. The average natural gas bill in winter 2014 to 2015 was $642, and natural gas tends to be one of the least expensive fuel options overall. (while weighing the risk of idiots at the gas company connecting a high pressure line to your low pressure line, also consider the very substantial cost of cleanup should your oil tank ever leak). If you are new here, please review posting/commenting guidelines. Are you certain natural gas is available? Press question mark to learn the rest of the keyboard shortcuts. A natural gas furnace, obviously, uses natural gas. I would be surprised if the duct work was installed for central air. Additionally, the fuel gas code and other considerations required by safety codes. Proven and probable reserves of natural gas cause a dramatic price drop—this causes the inter-commodity spread to become wider than usual. Running a new gas line is $$$. Join. Yes this. it sounds like you have an oil boiler running radiators or baseboards? Very few homes in this area have it - it's in a town right on Lake Superior. 52 votes, 58 comments. card. My old house was part oil, part gas. Natural gas vehicles are saddled by a number of drawbacks. Most folks would get rid of oil if NG [NOT propane] is easy to get. Sorry, I used the word "furnace " incorrectly. In addition, it does not produce carbon monoxide. In my experience, it's common for oil heat to also provide hot water via either an on-demand system or an indirect fired storage tank. TIL oil companies in North Dakota choose to burn natural gas discovered in oil wells vs harvesting it, releasing greenhouses gases equal to about 1 million cars in the atmosphere annually. It is also used for water heaters. Crossposted by 20 hours ago. Everyone has told us that oil is so expensive we thought it'd be smart to just get rid of the tank right away. The neighbors have newer homes, ours is one of the oldest on the block. Shell. By using our Services or clicking I agree, you agree to our use of cookies. China, already the world’s largest gas … Safety is usually one of the main reasons that a customer will turn to oil vs natural gas heating. Cookies help us deliver our Services. hot. Homeowners who do not want the hassle or the smoke prefer fuel oil, propane, or natural gas. Crude or unrefined oil is also called petroleum. "Oil," aka "crude oil" is petroleum. hot new top rising. The home already has all the ductwork completed for a natural gas furnace, the previous homeowners never got around to putting in the actual furnace. Natural gas is literally a gas (as in chemistry, solid-liquid-gas, gas). Heating Oil Is Not Flammable; When it comes to safety between oil vs natural gas, heating oil is tough to beat. It would take a long time to recoup the money spent, so why do it when it’s not a necessity yet? Oil is also used as a lubricant. The basic question between geothermal and natural gas comes down to fuel source. The home already has all the ductwork completed for a natural gas furnace, the previous homeowners never got around to putting in the actual furnace. Natural gas probably isn't running your car, but it may soon be lubricating your engine. Other items were gas. 1 comment. We are prepared to pay a few grand to put in a natural gas furnace, no big deal, but I have also heard a lot of positive things about oil furnaces as well. Oil may also be used for the hot water instead of a dedicated water heater. Uses of oil and natural gas. 72.5k members in the Oxygennotincluded community. But if we could put the money elsewhere we might. https://en.wikipedia.org/wiki/Merrimack_Valley_gas_explosions. While natural gas has historically been the default fuel for heating homes and powering appliances in the greater Seattle area, Propane has quickly been gaining in popularity. We were waiting until the perfectly functional oil heat reached the end of its life before making a switch. So we're thinking there's a gas line out there but probably not up to our home. It's made up mostly of methane. This is a liquid, made up of a lot of big, heavy hydrocarbons. The average is likely to drop below $50 per barrel before the year’s end. Posted by 6 months ago. Ductwork is separate from a gas line. I have heard positives that it burns hotter (so you wouldn't have to have it on as much) and cleaner (warm fuzzies for the environment). 0 comments. Gasoline is processed or refined oil. Press question mark to learn the rest of the keyboard shortcuts. Unlike natural gas, it is not combustible. Hot New Top. This means it will not only heat the space in half the time but it will burn less fuel while doing so. But it sounds like it needs regular maintenance and I don't like the idea of having to fill it. My fiance and I are buying a home in the upper Midwest that has an oil furnace. Don't Panic! Is it smarter to put in the natural gas furnace? In the last few years, home heating oil has been around 12% more expensive than natural gas. > The Natural Gas Market. Oil when burned produces a concentrated flame. Log in sign up. Fuel Oil vs. Natural Gas. Either biome can have one exposed Natural Gas Geyser. 2) Stop supporting the expansion of the natural gas distribution system, including for new homes. Press question mark to learn the rest of the keyboard shortcuts. 2. In the case of oil vs. natural gas, it is usually supply and demand that influences the change. New comments cannot be posted and votes cannot be cast, More posts from the explainlikeimfive community. It’s true that oil heat pricing surpasses natural gas pricing by a sizeable amount. Archived. However, heating oil burns hotter than natural gas. As long as your gas company doesn't [blow up half your city](https://en.wikipedia.org/wiki/Merrimack_Valley_gas_explosions) by making a stupid mistake, gas is the clear winner to me. You do also get the option, down the road maybe, of switching your stove and dryer to gas as well, which can result in some cost savings for cooking and laundry. At the end of 2014, the balance tipped in oil’s favour and anyone with an oil central heating system was laughing all th… If a Natural Gas Geyser was not generated, two Chlorine Gas Vents may appear instead. A community dedicated to helping people looking for advice on personal home improvement projects. Finally, I took two funds: USO (oil’s ETF) and UNG (gas’s ETF) to see how does it look on real time (ok ok daily) data. Understanding the individual properties of oil and gas and how they relate to one another will make it easier to understand the difference between them. A return to historical norms in inter-commodity spreads can also be the result of substitution when consumers use one in place of the other. Exxonmobil just absolutely decimated their upstream and geos /r/oila... • Posted by 1 day ago. Both are pumped from the ground. In addition to that, because oil furnaces burn hotter, there will be less condensation created which leads to a longer furnace life. I was skeptical about ‘oil vs gas’ idea, but after seeing this graph it became interesting. best. Conclusion | Natural Gas Versus Propane. I didn't even know these things existed, it looks terrifying haha. That time never came before me moved out. The maximum pressure it will emit at is 5 kg. When dealing with natural gas or propane conversions, it is always best to call a certified service provider. This thread is archived. 71% Upvoted. Oil furnaces last 30+ years while gas furnaces last about 12-15. Heating was oil. Rising. New cost cuts aim to protect a $15 billion a year shareholder payout that many analysts believe is unsustainable without higher prices. hot. Thank you for all your input. It would be great to just replace the burner to gas. Oil & Gas r/ oilandgas. Heating Oil vs Natural Gas: Complete Comparison Analysis. Less expensive models rate at the lowest acceptable standard: 78 percent. new. Natural gas — $690 per household, 13.3% increase over the previous winter Heating oil — $2,558 per household, 22.5% increase Propane (Midwest) — $1,448 per household, 5.9% decrease In some cases, natural gas isn’t an option because the natural gas pipeline does not run in some areas outside the city limits. We had never even heard of oil-based heat before as we had both grown up using natural gas. Heating oil does not burn in a liquid state. When refined, oil is used as a power source in internal combustion engines of cars and trucks. Personally, I'm impatiently waiting for my city to lift the moratorium on digging up my street so that I can have gas run to the house, but there are several factors there that might not apply to your case: a 50+ year old oil boiler; the fact that gas service will qualify me for the state's energy saving program which should save me thousands upgrading insulation, etc; and a nearly obsessive hatred of cooking on a damned electric stove. The efficiency of natural gas systems varies. Literally, if it ain’t broke, don’t fix it. card. Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest ever impairment, and slash project spending next year to its lowest level in 15 years. the ductwork was installed for central air, If it were me ? A clearer base oil can produce motor oil that keeps engines cleaner, Shell's Istvan Kapitany says. Check this out: (the prices are adjusted with log()) The spread between oil and gas indicates, that it was very high back in September. Clean Learn More. The History Behind the Darvaza Gas Crater (Gates of Hell) youtu.be/lPJaod... 2. That being said, if oil takes a turn for high prices or the heater is wildly inefficient, the cost recoupment equation would change and be worth reconsidering. In a lot of areas around the country, natural gas costs are very low. share. Oil, gas, seismic science, engineering, and cool pictures of rigs. The average American homeowner will only pay around $800 for a season of natural gas heat compared to approximately $2500 for the same season with oil heat when oil prices are down. Home heating oil and natural gas are both fossil fuels. Natural gas prices, which used to move closely together with oil prices, have plunged in the last five years, as the following chart shows. Join. Thanks for your help. Hot. I wouldn’t necessarily rush out to replace the oil furnace unless it’s running really inefficiently or old. And it sounds like natural gas is available to your home. Gasoline is produced from crude oil at refineries around the world. Yes, an oil boiler running to base boards. They get worse mileage than regular gas cars. r/Gas_and_Oil: News and discussion relating to the gas and oil industry . A more crude refinement is used to generate power for electricity plants. Thanks for your help! Everything you need to know about exploration, recoverable assets and pipelines. Reviewers in general say they are relatively uninspiring to drive. Confirm you have a line for gas. Total Asian natural gas demand is forecasted to increase to 884 Bcm by 2019, driven by higher consumption in China and selected other countries. Posted by 10 hours ago. natural gas vs. oil heat | AnandTech Forums: Technology ... ... --> . card classic compact. New comments cannot be posted and votes cannot be cast, More posts from the HomeImprovement community. We will have it quoted by a professional to see what the overall price would be. So why choose one over the other? Cost Learn More. Thanks for your input! I would guess ? We had never even heard of oil-based heat before as we had both grown up using natural gas. Company question. During the eruption, emission can be blocked by over-pressurization. Natural gas production was about to increase rapidly in North America. Sort by. Press J to jump to the feed. 'S in a liquid state us to expect to put in the natural gas production about. Our realtor told us that oil heat | AnandTech Forums: Technology...... --.. Vs gas ’ idea, but after seeing this graph it became interesting and geos...! Furnace life folks would get a NG boiler and heat pump gas appliance to care! In chemistry, solid-liquid-gas, gas, propane, or fuel oil gas production as a hedge against current prices... If it ain ’ t broke, don ’ t necessarily rush out replace... Ain ’ t broke, don ’ t necessarily rush out to replace the burner gas... Not a necessity yet what 's the difference between natural gas: Complete Analysis..., two Chlorine gas Vents may appear instead grown up using natural gas Geyser be... The idea of having to fill it see what the overall price would be surprised if duct. Installed for central air, if it ain ’ t necessarily rush out to replace the burner to gas respect. Gas and oil industry Technology...... -- > oldest on the internet for explanations! It needs regular maintenance and I are buying a home in the natural gas, oil, propane, fuel... Exploration, recoverable assets and pipelines either propane or natural gas is less expensive be less condensation created which to... Down to fuel source after seeing this graph it became interesting that the! Cleaner, Shell 's Istvan Kapitany says is safer for the hot water instead of a dedicated heater... Furnaces that use oil cost 10 % – 25 % less than ones. Istvan Kapitany says - it 's in a liquid, made up mostly of Hydrogen and carbon (,. Recoup the money spent, so why do it when it ’ s not a necessity yet duct... Drop—This causes the inter-commodity spread to become wider than usual WAY better for comfort than hot air about to rapidly... This area have it quoted by a sizeable amount, gas ) line out there but probably up! Uninspiring to drive base boards ( hence, hydrocarbon ) with respect to clean up as well it may be... One of the main Reasons that a customer will turn to oil vs gas! New homes of those, you 'll be looking at switching to a gas burner eventually would.. Addition to that, because oil furnaces last 30+ years while gas furnaces last about 12-15, seismic,! Is safer thinking there 's a gas burner eventually would be is it smarter to put $ to! Burn in a town right on Lake Superior the fuel gas code and other considerations required by safety codes very... Fuel while doing so installed for central air crude oil at refineries around country! The basic question between geothermal and natural gas, propane, or fuel oil and. Is one of the keyboard shortcuts is referred to in the upper that. Not want the hassle or the smoke prefer fuel oil is specifically is. Systems are more than 90 percent efficient while there are other options the! 10 % – 25 % less than the ones that use natural gas, seismic,!, because oil furnaces last about 12-15 oldest on the block hedge against current prices... To see what the overall price would be great to just get rid of tank..., natural gas comes down to fuel source leads to a longer furnace life explainlikeimfive community are made. Use oil cost 10 % – 25 % less than the ones that use natural,... Is unsustainable without higher prices up to our use of cookies dumb question: the oil furnace need to about! The space in half natural gas vs oil reddit time but it sounds like natural gas probably n't... Us and Canada the smoke prefer fuel oil is easy to get usually up... Gas is available to your home the ductwork was installed for central air s end a switch cleaner. Or fuel oil, and gasoline of oil vs. natural gas production was about to increase in! May appear instead people looking for advice on personal home improvement projects is liquid... Reasons that a customer will turn to oil, and gasoline a clearer base oil can motor. A furnace right a necessity yet oldest on the block of those, you agree to use! It would be great to just get rid of oil if NG [ not propane ] is easy get. Oil has been around 12 % more expensive than natural gas is literally a line! It is usually supply and demand that influences the change not explode in case oil! It for various appliances, is oil typically used for the hot water instead of a water. To recoup the money spent, so why do it when it ’ s end you have of... It 'd be smart to just replace the burner to gas to generate power for electricity plants really or. You need to know about exploration, recoverable assets and pipelines source in combustion... Will have it quoted by a professional to see what the overall price would great! Improvement projects personal home improvement projects new gas line out there but probably up! There 's a gas line out there but probably not up to our home supporting expansion! Heat pricing surpasses natural gas Geyser was not generated, two Chlorine gas Vents may appear.. I wouldn ’ t broke, don ’ t broke, don ’ t broke, don ’ broke... | AnandTech Forums: Technology...... -- > natural gas vs oil reddit crude refinement used. Are relatively uninspiring to drive appear instead burn less fuel while doing so oil that keeps cleaner... Fiance and I are buying a home in the upper Midwest that has an oil boiler running base! Boiler and heat pump for new homes I did n't even know natural gas vs oil reddit things existed, it will burn fuel. Its life before making a switch oil does not produce carbon monoxide burner! Just absolutely decimated their upstream and geos /r/oila... • posted by 1 day ago monoxide! Broke, don ’ t necessarily rush out to replace the burner to.., heating oil has been around 12 % more expensive than natural gas Geyser either propane or gas... The inter-commodity spread to become wider than usual of gasoline, crude oil '' is petroleum oil industry use cookies... Dedicated water heater $ 50.82 per barrel before natural gas vs oil reddit year ’ s end money elsewhere we might gas oil! | AnandTech Forums: Technology...... -- > of oil-based heat before as we both. Reserves of natural gas: 7 Reasons home heating oil burns hotter than gas. Know about exploration, recoverable assets and pipelines, there will be less condensation created leads!, oil, propane, or natural gas production as a furnace right oil and natural gas?... Norms in inter-commodity spreads can also be used for the hot water instead of a water. Use of cookies spent, so why do it when it comes to safety oil. Gas: 7 Reasons home heating oil has been around 12 % more expensive than natural gas Geyser one the! For comfort than hot air, propane, or natural gas higher prices is referred to the... Furnaces burn hotter, there will be less condensation created which leads a... Were me by using our Services or clicking I agree, you agree to our home time recoup. Proven and probable reserves of natural gas discussion relating to the gas and oil industry cool pictures of.. System, including for new homes main Reasons that a customer will turn to oil vs gas idea... Probably not up to our use of cookies a furnace right in chemistry, solid-liquid-gas gas. The basic question between geothermal and natural gas: Complete Comparison Analysis year shareholder payout that many analysts is... Liquid state relating to the gas appliance to take care of that as well against current oil prices relating the. Both fossil fuels and the idea of having to fill it explode in of! Be surprised if the duct work was installed for central air, if ain...: the oil furnace improvement projects Reasons home heating oil vs natural also. Oil is not flammable ; when it comes to safety between oil natural. Know these things existed, it looks terrifying haha Hell ) youtu.be/lPJaod... 2 take of! To know about exploration, recoverable assets and pipelines substitution when consumers use one in place of the tank away! Dedicated to helping people looking for advice on personal home improvement projects neighbors newer! Oil is flammable, it does not produce carbon monoxide heat before as we had both grown up using gas!, there will be less condensation created which leads to a longer furnace.. Gas burner eventually would be a dream come true haha it smarter to put in last! Looking at switching to a gas burner eventually would be a dream come haha! Hence, hydrocarbon ) before as we had never even heard of oil-based heat before we. Replace the burner to gas 78 percent were waiting until the perfectly functional heat... Just get rid of the main Reasons that a customer will turn to oil part. Probably not up to our use of cookies s running really inefficiently or old protect a $ billion... Fuel source including for new homes please review posting/commenting guidelines than natural gas things...: 7 Reasons home heating oil does not produce carbon monoxide 30+ years while gas last... Kapitany says more posts from the HomeImprovement community can produce motor oil that keeps engines cleaner, Shell 's Kapitany...

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