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'''Heating oil''' is used to [[fuel]] [[furnace]]s within buildings. It is usually [[dye|dyed]] to distinguish it from taxed vehicle fuel. Typically, delivery is by [[tanker truck]] to individual homes and commercial spaces, and the oil is stored in [[oil tanks]] in the [[basement]] or outside, next to the building.  Leaks in older facilities are an environmental concern.

'''Rachel Marsden''' is a [[New York]] based political analyst, author and conservative political operative, who has appeared on [[Fox News]], [[CNN]], [[CNBC]], [[CBC]], [[Global Television]], and [[CTV]], as well as a guest on various radio programs around the world.  She has written a weekly syndicated political column for [[Sun Media]] and has contributed to publications such as the [[New York Post]], [[Washington Times/United Press International]], and the [[Vancouver Sun]].  She was previously a twice-weekly national/international political columnist for the [[National Post]] – one of [[Canada]]’s two national newspapers.

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[[Image:Heating_oil_tanker_truck.jpg|right|thumb|200px|A tanker truck refilling a residential heating oil customer's home]] Heating oil, also known as ''No. 2 fuel oil'', accounts for about 25% of the yield of a barrel of [[crude oil]], the second-largest "cut" after gasoline. <ref>{{cite web|url=http://www.nymex.com/ho_pre_agree.aspx| title=NYMEX.com: Heating Oil|date=[[2006]]|accessdate=2006-12-21}}</ref>

[[Image:Cnnrach3.jpg|right|thumb|200px|Rachel Marsden on CNN]]  

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==Market info==

==Early Life==

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Born in [[1974]] in [[Vancouver]], [[Canada]], Marsden was raised in the birthplace of political talk-radio, where she also holds several major records in competitive swimming from her days as a national level competitor. The fully bilingual former print and runway model was schooled almost exclusively in French until high school. She graduated with a Bachelor of Science degree from [[Simon Fraser University]] before pursuing graduate studies in law and criminology, a journalism degree at the [[British Columbia Institute of Technology]], and then political journalism at the [[National Journalism Center]] in [[Washington, DC]]. For her academic efforts, she was awarded the Canadian [[Governor General]]’s medal for academic excellence.

Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels.  Prices are based on delivery in [[Directory:New York, New York|New York City]] harbor, the principal cash market trading center.  The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures.

After working as a producer, anchor, camerawoman, and reporter for a cable news outlet in her hometown, and as a videographer for [[Rugby Canada]] and [[BC Rugby]], her first major media position was with [[ABC News]]’ [[20/20]] in New York City, where she apprenticed under [[Connie Chung]].  Marsden worked in DC as a Director of a conservative think-tank that was a key component of President [[George W. Bush]]’s beltway coalition during the lead-up to the [[Iraq War]].

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[[Image:whletter.jpg|right|thumb|200px|White House letter to Rachel Marsden]]

==References==

==References==