Heading deeper into this recession, what to do?

[Mike Hurney]

Heading deeper into this Recession, what to do?

Good morning,

As you know Energy prices have increased dramatically with No One making any effort to lower or even stop them.

Problem:

93 octane gasoline was about $2./gallon January 2021, now $4.51 after 5 increases, just in the past week and predicted to be over $6./gallon by mid Summer!

Diesel fuel which powers the trucks that faithfully bring us EVERYTHING we need, unless you live on a self sustaining Farm and are surround by Manufacturers that can make everything for you from building materials to appliances to clothes. Diesel has gone from $2./gallon to $6.51!!

The increases seem to be X, Y or Z's fault i.e. Putin's fault, Trump's fault, the greedy Energy companies faults, etc

Personally, I see this as a manufactured crises with an insidious goal.

So what to do?

Contact your elected representatives?

Even if they respond, you can expect something like:

"Buy an electric car that doesn't use expensive gasoline!"

or

"It's not my fault, it's X, Y or Z's fault and I'm doing everything I can to stop it!"

Most of the folks this email reaches, are Self Starters: Contractors, Landlords and Investors that usually don't wait for something to happen, you go get it!

Kind of summed up with this advice:

"Don't wait for your Ship to come in, Swim out to it!"

Facts

#2 Heating Oil is at a record $6.51/gallon, same as Diesel fuel with all it's State & Federal road use taxes. Diesel fuel actually is #2 Heating oil! (If you start to run out of Heating oil and call your supplier who can't deliver right away, they'll tell you "Get a gas can and fill it with Diesel, you should be fine, until we get there!)

#2 produces about 130,000 Btus with a lower heat conversion of about 79% efficient, net 102,700 Btus to heat your home.

Natural gas is still a bargain $2.09/therm* (100,000 Btus) with a higher efficiency in the 90s (net 90,000 Btus to heat your home). Incidentally how long do you think natural gas will be this much lower? Before the suppliers also jack their costs to you up??

Those adjusted factors can help estimate your 2022/23 annual Heating costs:

Natural gas = $1200 -1500/year

#2 Heating oil = $3600 - $4500/year

Again, so what to do?

Well, Tuesday, May 31, we've got an expert that'll show us how and where to seriously impact these HIGH energy costs in our homes and buildings. Right now, for instance, I'm looking at the highest R-value (R = Resistance, Btu/SF/degree F) insulations R38 versus traditional fiberglas R19.

I look forward to see you at this important meeting DesignGroup47.com #47 Newbury Street (Route 1 North, just before Sonic carhop) Peabody, MA 01960 Tuesday, May 31, 2022 6:30-9pm

Mike Hurney, Director, MassRealEstate dot net & NewHampshireREIA dot org PO Box 307, Marblehead, MA 01945

*$2.09/therm is based on March 2022 Natural Grid R-3 Res Heating rate. ($327.40/156 therms = $2.098)

and of course you know we're a little North of Boston, Massachusetts and just South of New Hampshire.