Heating oil customers in a bind

Heating oil customers in a bind

There are 5 comments on the The Morning Call story from Dec 24, 2008, titled Heating oil customers in a bind. In it, The Morning Call reports that:

A growing number of the heating oil customers who signed fixed-price contracts as costs spiked over the summer are now attempting to back out of those deals as the price of oil collapses.

Join the discussion below, or Read more at The Morning Call.

Not a moron

Emmaus, PA

#1 Dec 24, 2008
Waaah! Everyone who makes a bad choice now wants a bailout?
NoCrap

Bethlehem, PA

#2 Dec 24, 2008
I agree, but I guess if I had my way, I'd make the dirtbag oil co. who screwed people w/contracts I believe last year foo the bill this year. What ever happened to that slime anywho?
MyVoice

Easton, PA

#3 Dec 24, 2008
This is why the little guy and/or the dumb guy should not play the commodities market. He either can't afford it or does not understand it.
Paul D

Hazleton, PA

#4 Dec 24, 2008
I prepaid for my oil before the prices dipped (but not when they were at the highest). I had the money available and budgeted for heating. I understood the risk of prices rising and falling. The peace of mind knowing that my heating is taken care of over the winter was worth the price I paid. That's what people have to decide for themselves. Is this gamble worth it if I lose?
Santa

Johnstown, PA

#6 Dec 24, 2008
Caveat emptor

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