What in the World is going on with Oil Prices?
This week, the price of Brent crude oil fell to its lowest level in six years with the price of a barrel of Bent crude decreasing by 55% from $105 in June 2014 to $47 now.
So why has the price of oil fallen? There are principally 3 main reasons;
Firstly, America has become the world’s largest oil producer through ‘fracking’, the process of fracking is the practice of injecting water, sand and chemicals deep underground at high pressure to extract crude oil and natural gas from dense rock formations. Though the USA does not export crude oil, it now imports much less, creating a lot of spare supply.
Energy matters to all of us and this Newsletter aims to help Island consumers gain a greater understanding of their energy consumption levels and suggests how we can all use our energy more efficiently – whether it be gas, electricity, oil or coal.
Read on to find out about how best to save on your energy and water bills; the journey our energy products make in order to reach our homes and how Jersey energy prices compare with other Islands.Read More
Top Tips for Employing a … Builder or Tradesman
Having building, general maintenance or home improvement work done can be difficult and stressful. But there are certain things you can do before you employ a builder or any tradesmen to try and make sure the job goes as smoothly as possible. It is important that you develop a positive and honest relationship with those undertaking work for you; the tips listed below will help you achieve that. Do not be afraid to ask lots of questions, do your research and know exactly what work has been agreed to be done and for what price.
If you are undertaking minor maintenance or repair work requiring the services of a plumber or electrician, for example, some of the points below are still of benefit to follow before making your decision.Read More
Top Energy Saving Tips
- Turn your thermostat down by 1°C could cut your heating bills by up to 10 percent and typically saves around £65 per year. If you have a programmer, set your heating and hot water to come on only when required rather than all the time.
- Is your water too hot? Your cylinder thermostat should be set at 60°C/140°F.
- Close your curtains at dusk to stop heat escaping through the windows and check for draughts around windows and doors.
- Turn off the lights when you leave a room. Use energy saving light bulb last up to 10 times longer than ordinary bulbs, and can save you around £50 over the bulb’s lifetime.