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July 2nd, 2008

Old School Energy

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From www.woodheat.org: “It’s been said that a long straight row of firewood standing in the yard in springtime is like money in the bank. It is indeed. As it dries in the summer sunshine, you’re collecting interest.”

At this point it sounds like a broken record: Rising oil prices have propelled the price of gasoline to record numbers, shifting summer travel plans from vacations to staycations.

But now, worry over oil prices has already begun to drift toward the future, past the summer driving season, into the realization that heating bills are going to be a lot higher this winter. Home-heating oil is up 84% since last year. With constant debate circling around the development of alternate forms of energy, many Americans are stockpiling the world’s oldest form of energy: firewood.

Firewood and wood-burning stove retailers, who have been forced to raise their prices for a list of reasons, are already struggling to keep ahead of orders.

Where’s there’s smoke there’s fire, and where there’s fire, there’s something getting burned. If you decide to burn wood for fuel this winter, do it safely.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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