The price of home heating oil in Northern Ireland has hit an all time high.
Third, the President authorized the Secretary of Energy to tap the Northeast Home Heating Oil Reserve.
He also wants the Energy Department to release the 2 million barrel petroleum stockpile in the Northeast Home Heating Oil Reserve.
Washington also released 2 million barrels a day of diesel from the Northeast Home Heating Oil Reserve, bound for New York and New Jersey.
One is, could you explain exactly this home heating oil reserve?
"Regulation of the home heating oil industry could provide consumers with transparency and reassurance that the price they are being asked to pay is fair, " he said.
Those assets include home heating oil and a television station.
When gas first began to be used a lot in the 1960s it was a substitute for home heating oil, and so it made sense to tie its price to that of oil.
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Finished energy goods registered their fifth consecutive month of gains, up 3.3% on rising prices for gasoline, home heating oil, and residential electric power. (Read Why World Food Prices Will Keep Climbing).
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WASHINGTON, July 21 (Reuters) - A bipartisan group of U.S. lawmakers on Friday urged major oil companies to raise production of home heating oil as soon as possible to avoid supply shortages in the Northeast this autumn and winter.
This week Bill Clinton vowed to create a home-heating-oil reserve for the north-eastern states.
Ms Hearty said that even after this increase, oil home heating would still be at least 10% more expensive than gas.
BBC: NEWS | UK | Northern Ireland | Gas users face major price rise
While many motorists can reduce their driving to avoid high gasoline prices, the lawmakers said heating oil consumers can't cut back on heating their home during the cold months.
But there is good reason to think that the market has not yet peaked: the northern hemisphere's winter is only now approaching, heating oil stocks are at extremely low levels on both sides of the Atlantic, and the price of natural gas (oil's chief rival for home heating) has lately gone through the roof.
This June it broke ground in Paterson, New Jersey, just east of its U.S. headquarters, on a prototype family home with insulation that reduces the amount of oil required for heating and cooling by 80%.
Most recycled cooking oil today is used to power diesel trucks or mixed with home heating fuel, a simpler conversion process.
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