http://domesticfuel.com/2014/11/07/biodiesel-to-play-role-in-lower-heating-oil-prices/
Biodiesel to Play Role in Lower Heating Oil Prices
Posted on November 7, 2014 by John Davis
Biodiesel is expected to play a role in lower home heating oil prices
this winter. The National Oilheat Research Allianace (NORA) cites a
conference from last month where the U.S. Energy Information
Administration (EIA) predicted the lower prices for consumers.
John Huber, President of [NORA], described the efforts of the heating
oil industry to improve its product. He reported on the efforts of the
Northeastern states to move to a low-sulfur heating oil product which
improves efficiency and dramatically reduces emissions. He said that
this step would also lead to long-term improvements in heating equipment
as it is offered to consumers.
Additionally, Mr. Huber described the efforts of the Oilheating industry
to move to ever-increasing blends of heating oil and renewable
biodiesel. These steps will reduced greenhouse gas emissions and
position the industry to be a long-term solution as a renewable fuel for
millions of American customers.
NORA says that EIA predicts homeowners will spend, on average, 15
percent less, on average, than last year if long-term weather forecasts
hold. Other factors cited for expected overall lower energy prices this
winter include pipeline and other infrastructure developments in the
U.S., more shale oil coming onto the market, and speculators trading
crude oil for less.
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