Oil Prices Raise Appeal of Natural Gas

January 26, 2012

GreenHomeNYC board member, F.L. Andrew Padian, is featured in the following SmartMoney article discussing simple steps to take to improve the energy efficiency of your home before considering a switch from heating oil to natural gas. The European Union’s decision today to an embargo on Iranian oil sent crude prices soaring, and forecasts say they’ll continue to rise. Natural gas prices, however, are projected to remain low. For homeowners who use heating oil, the growing gap between oil and natural gas prices may make switching more attractive – but experts say homeowners should take some other simple steps first. Milder weather is protecting households from some of the impact of rising heating oil prices, but natural gas users are still better off, experts say. Read the entire article at: SmartMoney