Difference between revisions of "Heating oil"

MyWikiBiz, Author Your Legacy — Sunday October 17, 2021
Jump to navigationJump to search
(Share this page)
(update placeholder text)
Line 1: Line 1:
<!-- Centiare users, note... Text that appears between these brackets are merely remarks. -->
+
<!-- MyWikiBiz users, note... Text that appears between these brackets are merely remarks. -->
 
<!-- They do not appear in the actual page. -->
 
<!-- They do not appear in the actual page. -->
  
<!-- The following is a simple article designed to identify an MAIN SPACE TOPIC.  Articles in Centiare Main Space should be about topics that have no legal standing in a court of law.  Understand that Main Space articles are generally open to all users to edit.  Don't try to take "ownership" of these articles, and don't violate copyrights here.  You're encouraged to incorporate semantic tagging, as appropriate. -->
+
<!-- The following is a simple article designed to identify an MAIN SPACE TOPIC.  Articles in MyWikiBiz Main Space should be about topics that have no legal standing in a court of law.  Understand that Main Space articles are generally open to all users to edit.  Don't try to take "ownership" of these articles, and don't violate copyrights here.  You're encouraged to incorporate semantic tagging, as appropriate. -->
  
 
'''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.
 
'''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.
  
<!-- Here we include a picture that has been uploaded to Centiare from the "Upload file" link. -->
+
<!-- Here we include a picture that has been uploaded to MyWikiBiz from the "Upload file" link. -->
 
<!-- We also see the first citation of a reference source for a fact in the article. -->
 
<!-- We also see the first citation of a reference source for a fact in the article. -->
  
Line 17: Line 17:
 
<ref>{{Cite book| url=http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2FPetroleum-Refining-Technology-Economics-Fifth%2Fdp%2F0849370388%2Fsr%3D8-3%2Fqid%3D1166735153%3Fie%3DUTF8%26s%3Dbooks&tag=omnimediaguid-20&linkCode=ur2&camp=1789&creative=9325| title=Petroleum Refining: Technology and Economics | publisher=Marcel Dekker| pages=19/488| format=hardcover| accessdate=2006-12-21}}</ref>
 
<ref>{{Cite book| url=http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2FPetroleum-Refining-Technology-Economics-Fifth%2Fdp%2F0849370388%2Fsr%3D8-3%2Fqid%3D1166735153%3Fie%3DUTF8%26s%3Dbooks&tag=omnimediaguid-20&linkCode=ur2&camp=1789&creative=9325| title=Petroleum Refining: Technology and Economics | publisher=Marcel Dekker| pages=19/488| format=hardcover| accessdate=2006-12-21}}</ref>
  
<!-- See that reference above?  Pretty tricky, how the contributor of the reference included an Amazon.com Associates link to the book cited.  This is a great way for Centiare contributors to make extra cash by improving Main Space articles with accurate, relevant reference citations. -->
+
<!-- See that reference above?  Pretty tricky, how the contributor of the reference included an Amazon.com Associates link to the book cited.  This is a great way for MyWikiBiz contributors to make extra cash by improving Main Space articles with accurate, relevant reference citations. -->
  
 
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.
 
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.
  
<!-- It's always a great idea to include a few semantic tags on Main Space articles, so that the article will show up more readily in other users' searches.  Also, adding semantic tags in Centiare will automatically create an "Attribute values" field at the bottom of the article, which allows readers to explore other related articles, just by clicking the magnifying glass.  For example, see the NAICS Code tags below. -->
+
<!-- It's always a great idea to include a few semantic tags on Main Space articles, so that the article will show up more readily in other users' searches.  Also, adding semantic tags in MyWikiBiz will automatically create an "Attribute values" field at the bottom of the article, which allows readers to explore other related articles, just by clicking the magnifying glass.  For example, see the NAICS Code tags below. -->
  
 
Businesses operating in the heating oil sector will identify themselves by the following 5-digit [[NAICS]] codes:
 
Businesses operating in the heating oil sector will identify themselves by the following 5-digit [[NAICS]] codes:
Line 41: Line 41:
 
*[[Heating Oil Dealers]]   
 
*[[Heating Oil Dealers]]   
  
<!-- Below, you see how a Google ad template can be used. PLEASE NOTE, Centiare contributors are NOT allowed to place Google ads in Main Space articles, UNLESS they were the winner of one of Centiare's "Buy a topic" auctions, which support Centiare along with a non-profit charity selected by the community.  Read more about this at [[Centiare:Monetizing_Centiare/Google_AdSense]]. -->
+
<!-- Below, you see how a Google ad template can be used. PLEASE NOTE, MyWikiBiz contributors are NOT allowed to place Google ads in Main Space articles, UNLESS they were the winner of one of MyWikiBiz's "Buy a topic" auctions, which support MyWikiBiz along with a non-profit charity selected by the community.  Read more about this at [[Help:Monetizing_MyWikiBiz/Google_AdSense]]. -->
  
 
<!-- Remove this Google ad example from your new Main Space article! -->
 
<!-- Remove this Google ad example from your new Main Space article! -->

Revision as of 21:16, 28 December 2007


Heating oil is used to fuel furnaces within buildings. It is usually 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.


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. [1]


Market info

Among distillate fuels, the trend in recent years has seen the proportional demand for heating oil decreasing, as usage of liquified petroleum gas (LPG) has increased. [2]


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 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.


Businesses operating in the heating oil sector will identify themselves by the following 5-digit NAICS codes:

  • 45431 - Heating oil dealers, direct selling
  • 32411 - Heating oils made in petroleum refineries


References

  1. ^ <templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>"NYMEX.com: Heating Oil". 2006. Retrieved 2006-12-21. Check date values in: |date= (help)
  2. ^ Template:Citation/core

Share this page

<sharethis />

See also


<adsense> google_ad_client = 'pub-4781341637005814'; google_ad_width = 468; google_ad_height = 60; google_ad_format = '468x60_as'; google_ad_type = 'text_image';//2006-12-28: Centiare Directory space google_ad_channel = '2388332058'; google_color_border = '6699CC'; google_color_bg = '003366'; google_color_link = 'FFFFFF'; google_color_text = 'AECCEB'; google_color_url = 'AECCEB'; </adsense>