Pellet Stove Prospects: Will Supply Meet Demand?
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Homeowners searching for a reliable way to reduce heating costs can take a few lessons from these recent ups and downs in both conventional and alternative heating fuels. The first is that prices of oil and gas are likely to remain volatile because of dwindling domestic supplies and instability in many oil producing countries. The second is that for pellet fuel, the most secure supply is likely to be local, so it’s worth investigating where the nearest pellet plant is and how committed the manufacturer is to producing them. The third lesson is that the price of fuel corn is likely to be unpredictable, too, because of challenges to federal corn subsidy programs and the increasing demand for ethanol transportation fuel, most of which uses corn as the feedstock.
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We live in an era of roller coaster fuel prices, and nothing on the horizon suggests stability. Before putting your money down on a new alternative fuel heating appliance, do your research and determine whether or not the fuel you’ll need will be available at a price you can afford.
— John Gulland
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