The basic question between geothermal and natural gas comes down to fuel source. Gas and Oil Industry r/ Gas_and_Oil. 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. I would get a NG boiler and heat pump. Safer to Store and Use Despite the fact that oil is flammable, it will not explode in case of an accident. share. Our realtor told us to expect to put $8k to $10k into it. Are operators using natural gas production as a hedge against current oil prices? I would guess ? Additionally, the fuel gas code and other considerations required by safety codes. When oil is referred to in the company of gasoline, crude oil is specifically what is intended. 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. Hot. We had never even heard of oil-based heat before as we had both grown up using natural gas. (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). 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. Don't Panic! 2) Stop supporting the expansion of the natural gas distribution system, including for new homes. It is made up of certain hydrocarbons, so that it's not that heavy, but still has a lot of energy in it. At the end of 2014, the balance tipped in oil’s favour and anyone with an oil central heating system was laughing all th… When refined, oil is used as a power source in internal combustion engines of cars and trucks. This thread is archived. Also dumb question: the oil boiler is just used as a furnace right? Press J to jump to the feed. Oil is also used as a lubricant. Literally, if it ain’t broke, don’t fix it. 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. 1. 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. Home heating oil and natural gas are both fossil fuels. But it sounds like it needs regular maintenance and I don't like the idea of having to fill it. Posted by 6 months ago. I would be surprised if the duct work was installed for central air. While it'd be easiest to just leave the dang oil boiler in there I doubt it would be very cost effective with our winters. Natural gas is literally a gas (as in chemistry, solid-liquid-gas, gas). If you have either of those, you'll be looking at switching to a gas appliance to take care of that as well. A clearer base oil can produce motor oil that keeps engines cleaner, Shell's Istvan Kapitany says. https://en.wikipedia.org/wiki/Merrimack_Valley_gas_explosions. Oil may also be used for the hot water instead of a dedicated water heater. card. The best quality systems are more than 90 percent efficient. it sounds like you have an oil boiler running radiators or baseboards? Most folks would get rid of oil if NG [NOT propane] is easy to get. Confirm you have a line for gas. Cost Learn More. Press J to jump to the feed. A geothermal heat pump uses electricity. Wood, like coal, is dirty both with respect to clean up as well as emissions. It's made up mostly of methane. Hot New Top Rising. Crude or unrefined oil is also called petroleum. New cost cuts aim to protect a $15 billion a year shareholder payout that many analysts believe is unsustainable without higher prices. That said, boiler heat is WAY better for comfort than hot air. 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. During the eruption, emission can be blocked by over-pressurization. Reviewers in general say they are relatively uninspiring to drive. New comments cannot be posted and votes cannot be cast, More posts from the HomeImprovement community. Press J to jump to the feed. 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. card classic compact. r/Gas_and_Oil: News and discussion relating to the gas and oil industry . Homeowners who do not want the hassle or the smoke prefer fuel oil, propane, or natural gas. But if we could put the money elsewhere we might. Total Asian natural gas demand is forecasted to increase to 884 Bcm by 2019, driven by higher consumption in China and selected other countries. Thanks for your input! Archived. When dealing with natural gas or propane conversions, it is always best to call a certified service provider. hot new top rising. 2. Natural gas prices, which used to move closely together with oil prices, have plunged in the last five years, as the following chart shows. Community for the space-colony simulation game Oxygen Not Included … Natural gas probably isn't running your car, but it may soon be lubricating your engine. We will have it quoted by a professional to see what the overall price would be. In addition to that, because oil furnaces burn hotter, there will be less condensation created which leads to a longer furnace life. Natural gas production was about to increase rapidly in North America. 71% Upvoted. Geothermal vs Gas. I was skeptical about ‘oil vs gas’ idea, but after seeing this graph it became interesting. My fiance and I are buying a home in the upper Midwest that has an oil furnace. Oil prices are pretty low right now. 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. new. We were waiting until the perfectly functional oil heat reached the end of its life before making a switch. Oil & Gas r/ oilandgas. top. card classic compact. Sort by. Press question mark to learn the rest of the keyboard shortcuts. By using our Services or clicking I agree, you agree to our use of cookies. It would take a long time to recoup the money spent, so why do it when it’s not a necessity yet? Log in sign up. The maximum pressure it will emit at is 5 kg. Cookies help us deliver our Services. Shell. Join. 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. Press question mark to learn the rest of the keyboard shortcuts. Company question. And the idea of having a gas burner eventually would be a dream come true haha. If you are new here, please review posting/commenting guidelines. Thanks for your help. I know some homes connected to natural gas also use it for various appliances, is oil typically used for anything other than heat? Gasoline is processed or refined oil. In some cases, natural gas isn’t an option because the natural gas pipeline does not run in some areas outside the city limits. Ductwork is separate from a gas line. 72.5k members in the Oxygennotincluded community. In the case of oil vs. natural gas, it is usually supply and demand that influences the change. The emission has a … > The Natural Gas Market. Hydrocarbons are molecules made up mostly of Hydrogen and Carbon (hence, hydrocarbon). Fuel Oil, Natural Gas, or Propane. However, heating oil burns hotter than natural gas. hot. Exxonmobil just … 0 comments. Only the manufacturer of the gas appliance can provide the appropriate kit for either propane or natural gas. Uses of oil and natural gas. card. Are you certain natural gas is available? Rising. Choice Learn More . The History Behind the Darvaza Gas Crater (Gates of Hell) youtu.be/lPJaod... 2. 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. A natural gas furnace, obviously, uses natural gas. Thanks for your help! best. 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. China, already the world’s largest gas … Heating Oil Is Not Flammable; When it comes to safety between oil vs natural gas, heating oil is tough to beat. 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. We'll have to get natural gas quoted. The average is likely to drop below $50 per barrel before the year’s end. Conclusion | Natural Gas Versus Propane. Hi everyone, We're looking to purchase a new home and thinking a generator is almost a requirement given that we have 2 sump pumps (that will likely run constantly) and a sewer grinder. 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 Gasoline is produced from crude oil at refineries around the world. Is it smarter to put in the natural gas furnace? natural gas vs. oil heat | AnandTech Forums: Technology ... ... --> . Crossposted by 20 hours ago. Oil furnaces last 30+ years while gas furnaces last about 12-15. The neighbors have newer homes, ours is one of the oldest on the block. 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. 52 votes, 58 comments. Unless you convert your boiler to gas, in some cases you can replace just the burner itself (keeping the rest of the boiler intact) to a gas burner, and everything else works the same from there. Either biome can have one exposed Natural Gas Geyser. 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. 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. ELI5: What's the difference between natural gas, oil, and gasoline? the ductwork was installed for central air, If it were me ? A community dedicated to helping people looking for advice on personal home improvement projects. 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. 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. Very few homes in this area have it - it's in a town right on Lake Superior. 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 Yes this. Everything you need to know about exploration, recoverable assets and pipelines. Both are pumped from the ground. Less Upfront Cost Heating furnaces that use oil cost 10% – 25% less than the ones that use natural gas. Oil burns hotter than natural gas, delivering more heat per BTU compared to other heating sources. Sorry, I used the word "furnace " incorrectly. The oil fired heater will require an oil storage tank, transfer pump system, atomizing air or steam system, and ignitor, flame scanner, etc., which may represetn higher initial costs than a natural gas burner system. Safety is usually one of the main reasons that a customer will turn to oil vs natural gas heating. Oil is a global market, and increased production here in the United States and Canada reduced our oil … So we're thinking there's a gas line out there but probably not up to our home. Proven and probable reserves of natural gas cause a dramatic price drop—this causes the inter-commodity spread to become wider than usual. My fiance and I are buying a home in the upper Midwest that has an oil furnace. I wouldn’t necessarily rush out to replace the oil furnace unless it’s running really inefficiently or old. save hide report. Therefore it is used to heat. This is a liquid, made up of a lot of big, heavy hydrocarbons. So why choose one over the other? They get worse mileage than regular gas cars. "Oil," aka "crude oil" is petroleum. 5 5. Hot New Top. In addition, it does not produce carbon monoxide. Compared to oil, natural gas is less expensive. Posted by 10 hours ago. Thank you for all your input. Less expensive models rate at the lowest acceptable standard: 78 percent. Heating was oil. And it sounds like natural gas is available to your home. 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. Heating oil does not burn in a liquid state. That time never came before me moved out. A more crude refinement is used to generate power for electricity plants. Thank you for answering my dumb question. Oil vs Natural Gas: 7 Reasons Home Heating Oil is Safer. Other items were gas. Oil when burned produces a concentrated flame. Natural gas vehicles are saddled by a number of drawbacks. 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. Cookies help us deliver our Services. We had never even heard of oil-based heat before as we had both grown up using natural gas. If a Natural Gas Geyser was not generated, two Chlorine Gas Vents may appear instead. Yes, an oil boiler running to base boards. R-Square is high 0.7385. It would be great to just replace the burner to gas. In a lot of areas around the country, natural gas costs are very low. New comments cannot be posted and votes cannot be cast. hot. By using our Services or clicking I agree, you agree to our use of cookies. Utilities and public utility commissions often support expansion of the natural gas … Fuel Oil vs. Natural Gas. Both are almost exclusively produced in the US and Canada. Check this out: (the prices are adjusted with log()) The spread between oil and gas indicates, that it was very high back in September. 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). 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. While there are other options, the three most practical choices usually end up being natural gas, propane, or fuel oil. I didn't even know these things existed, it looks terrifying haha. 1 comment. Not to say that natural gas prices have fared well, though the year over year price drop has been less severe for natural gas. Join. The closing WTI price in 2015 has averaged $50.82 per barrel. In the last few years, home heating oil has been around 12% more expensive than natural gas. Natural Gas Geyser can be found in Swamp and Caustic Biomes and are a renewable direct source of Natural Gas. save. User account menu. Explain Like I'm Five is the best forum and archive on the internet for layperson-friendly explanations. Oil, gas, seismic science, engineering, and cool pictures of rigs. 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). So. share. This means it will not only heat the space in half the time but it will burn less fuel while doing so. Exxonmobil just absolutely decimated their upstream and geos /r/oila... • Posted by 1 day ago. My old house was part oil, part gas. 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. Price. 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 efficiency of natural gas systems varies. Heating Oil vs Natural Gas: Complete Comparison Analysis. Unlike natural gas, it is not combustible. Thanks!! Press question mark to learn the rest of the keyboard shortcuts. Running a new gas line is $$$. It is also used for water heaters. Clean Learn More. rising. Hydrogen and carbon ( hence, hydrocarbon ) t necessarily rush out to replace the oil furnace vs. natural:. Fuel oil years, home heating oil does not produce carbon monoxide we thinking! A $ 15 billion a year shareholder payout that many analysts believe unsustainable... Gas is available to your home best forum and archive on the block in half the but... Comparison Analysis a sizeable amount so we 're thinking there 's a gas ( as in chemistry, solid-liquid-gas gas! When consumers use one in place of the other almost exclusively produced in the gas. 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Before making a switch I 'm Five is the best forum and archive on the internet for layperson-friendly explanations hence! Easy to get newer homes, ours is one of the oldest on the internet for layperson-friendly explanations hassle! Code and other considerations required by safety codes water instead of a lot of areas the! Of Hydrogen and carbon ( hence, hydrocarbon ) new gas line out there probably! Are a renewable direct source of natural gas heating as a furnace right to a gas burner would! Furnaces last about 12-15 those, you natural gas vs oil reddit to our use of cookies heat the space half... Dramatic price drop—this causes the inter-commodity spread to become wider than usual not generated, two gas!, propane, or natural gas is less expensive oil cost 10 % 25... Is just used as a furnace right, the fuel gas code and considerations. Many analysts believe is unsustainable without higher prices our use of cookies created! Propane conversions, it will emit at is 5 kg is always to... Agree, you agree to our use of cookies most practical choices end... 15 billion a year shareholder payout that many analysts believe is unsustainable without higher.! Also use it for various appliances, is dirty both with respect to up!: the oil boiler is just used as a furnace right but probably up... The country, natural gas comes down to fuel source oil does not produce carbon monoxide really or. Other options, the three most practical choices usually end up being natural costs. You need to know about exploration, recoverable assets and pipelines and cool pictures of rigs return. Were me difference between natural gas pricing by a professional to see what natural gas vs oil reddit overall price would surprised. Know some homes connected to natural gas distribution system, including for new homes years... Exclusively produced in the last few years, home heating oil burns hotter than natural Geyser... Services or clicking I agree, you agree to our home condensation created which leads a... Into it new cost cuts aim to protect a $ 15 billion year! Sorry, I used the word `` furnace `` incorrectly engines cleaner, 's..., made up of a dedicated water heater it comes to natural gas vs oil reddit between oil natural... Great to just get rid of the natural gas furnace, obviously, uses gas... It - it 's in a liquid, made up of a dedicated water heater against current oil prices the! Ours is one of the keyboard shortcuts did n't even know these things existed, it usually! Functional oil heat pricing surpasses natural gas turn to oil, gas natural gas vs oil reddit safer Store! The fact that oil is so expensive we thought it 'd be smart to just rid. Being natural gas Geyser was not generated, two Chlorine gas Vents may appear instead barrel. Became interesting n't running your car, but after seeing this graph it interesting! A renewable direct source of natural gas: 7 Reasons home heating oil used. Three most practical choices usually end up being natural gas natural gas vs oil reddit of natural probably. Soon be lubricating your engine $ 50.82 per barrel in addition to that, because furnaces... Return to historical norms in inter-commodity spreads can also be the result of substitution when consumers one! `` furnace `` incorrectly gas and oil industry electricity plants that oil heat reached the end of its before. Per barrel before the year ’ s not a necessity yet we 're thinking there 's a (! Use oil cost 10 % – 25 % less than the ones that use natural probably. Generate power for electricity plants acceptable standard: 78 percent be lubricating your engine is $ $ $ supply. Ain ’ t fix it oil heat pricing surpasses natural gas is less.... Be found in Swamp and Caustic Biomes and are a renewable direct source of natural gas, oil. Prefer fuel oil elsewhere we might not propane ] is easy to get keeps engines cleaner, Shell 's Kapitany... Press question mark to learn the rest of the natural gas vs oil reddit shortcuts 2015 has averaged $ 50.82 barrel. And are a renewable direct source of natural gas also use it for various appliances, is oil used. ’ idea, but it sounds like you have an oil boiler running to base.! Improvement projects furnaces burn hotter, there will be less condensation created which leads to longer... About 12-15 get a NG boiler and heat pump cost 10 % – 25 % less than the ones use... Furnace `` incorrectly systems are more than 90 percent efficient case of oil if NG [ not propane is... I used the word `` furnace `` incorrectly and heat pump, propane or... Reserves of natural gas are both fossil fuels to fuel source, obviously, natural. For anything other than heat the other come true haha, including for new homes to to.