Gas Boiler Vs Oil Boiler

A lot of people have the boiler systems that use oil as fuel. This used to be the most popular type of boiler and almost every home installed this system. They were very durable systems, and even though people have long ago began to understand that the  gas  boiler is a better alternative the oil versions are still functioning and a lot of people do not see the necessity of changing out their boiler systems when they have a functioning system. You have probably heard the old adage of “if it is not broken then do not fix it.” Well these people believe that as long as their system is providing them with heated water they should leave well enough alone.

The people who believe like this do not realize that although their oil versions are working they are outdated and they are not working efficiently. It is costing the people burning oil almost twice as much in fuel as the people who have switched over to the newer more efficient  gas  boiler systems.

One reason you will burn more oil than you will  gas  is because oil does not burn as efficient. You have to use more of it to create the same effect. So the  gas  boiler automatically requires less fuel.

When the oil versions were invented there was a regulation put in place that said the boilers must be fifty to fifty-five percent efficient in their annual fuel use. In 1992 this regulation was changed to include the new  gas  boiler systems and they only have to be eighty percent effective at burning the fuel they use. That is right they are mandated to be twenty-five percent more effective at using the fuel they are provided.

Simply put oil is more expensive than  gas . You have to realize that in the past twenty-five years many improvements have been made on all appliances and all appliances now use less fuel and burn fuels that are less dangerous to the environment.  Gas  does not harm the ozone layer as badly with the emissions that are produced as oil does. We are all responsible for what we are doing to the economy.

There are some government programs that will help you to defer the cost of installing the new energy-efficient  gas  boiler systems. You should check into what government programs are available in your area to help you pay for the cost of converting your home over from oil to  gas .

You need a professional installer to install the new system so that you know everything is working properly. The problem with  gas  is that when it is burned it can emit carbon monoxide  gas . Carbon monoxide  gas  is deadly. You have to know that the system you have is installed correctly and that it is not filling the air your family breathes with a deadly  gas . So have the system professionally installed and every year have the professional return to do a systems check and all appropriate maintenance.

Oil and Gas Royalties – Leasing Mineral Rights

Royalties vs Mineral Rights

Oil and  gas  royalties are not as complex as most people think. They are actually fairly simple, and I’ll explain clearly what they are and how they generate cash.

If you own a farm, then you own the land also known as the surface rights. Often, when you bought the farm, your deed conveyed the mineral rights under the farm along with the surface rights. Owning the mineral rights means you legally have the right to explore, extract, and sell any oil,  gas , coal, uranium, helium or other mineral that rests beneath your land.

Most landowners, however, don’t have the geological knowledge or training to understand the potential minerals under their land. In fact, many landowners forget they own the mineral rights under their land. Further, the average landowner does not have the multi-million dollar budgets to explore for hydrocarbons, or the social networking skills to raise a multi-million dollar exploration fund.

Energy companies do have the knowledge and funding to explore for oil and  gas . So when they identify a region that likely contains hydrocarbons, they negotiate with the landowners to lease their mineral rights for exploration. This lease gives the energy companies permission to explore for petroleum and to produce and sell it if they find petroleum in economic quantities.

The Bonus and the Royalty

The mineral owner receives two forms of compensation for leasing his mineral rights. The first is called a ‘Bonus Payment’ which is a signing bonus that is paid on a per acre basis. Typically $200-$500 per acre. The bonus will be paid once at the time of the signing of the lease, and it may be the only money the owner will get.

The second is the royalty which is the percent of the money generated by the oil and  gas  from his property. Traditionally 12.5%, but more recently around 18% – 25%. The percentage varies upon how well the mineral owner negotiated and how expensive the oil company expects the extraction of oil and  gas  to be.

However, if the oil company finds no oil or  gas , or not any in economic quantities, then they abandon the prospect, and the lease expires which reverts the mineral rights back to the mineral owner. In this case, the Bonus was the only money the owner received.

In the event hydrocarbons are found and the wells produce, then the royalties kick in. So if the well produces 100 barrels a day, and the price of oil is $80 per barrel that month, then the cash flow is 100x$80 = $8,000/day The royalty owner, who agreed to 15% royalty, would receive $8,000 x 0.15 = $1,200/day. Over a month, that brings in $36,000 per month to the mineral owner, who in this case, is the landowner. Now you see why oil is a big business!

Royalties Dwindle Over Time

Royalties paid to the mineral rights owner will often last for decades. The wells will deplete, however, so over time the money received from royalties will drop considerably. The average well is thought to last 35 years. Eventually, the royalty dies, and all the owner has is the mineral rights. Which may get leased again in the future.

Finding Mineral Rights to Buy is Hard

Because of the reliable cash flow stream, oil and  gas  royalties make for a good investment. Finding mineral right owners who want to sell their royalties is the tough part. The only available data on royalty owners currently is Blackbeard Data Services, and they have all the owners in Texas and Kansas.

Oil & Gas Hiring Amidst Global Recession

Now that global rescission has become a household term and lay offs & pink slips have become a part of our daily vocabulary, you might find it odd to find large number of ads by oil rig companies on job classifieds. Oil prices are less than half of what it used to be a few months back. So, why are the oil rig companies still hiring?

Sure, the worldwide economic growth is slowing and the low crude oil price IS affecting new projects. Prospects aren’t too bright for a regular office job, be it Oil &  Gas  or any other sector. But if you work in the field, there are still plenty of rig jobs. Companies that have started their upstream activities will continue with their effort. Recession or not, that is still a lot of work waiting for workers to complete. In recent report on The Daily Times though a few local oil companies have stopped their hiring, larger companies continue to hire.

There are two major reasons behind it.

The first reason is the basic economic principle of demand and supply. Demand for oil and  gas  remains high due to the emergence of new economies like China and India. Though China has come down from a blistering two digit growth, the current growth rate is at an enviable 9%. India too is not far behind. Even if oil demands slack from traditional giants America and Europe, new economies will continue to drive up the demand. Recently, the International Energy Agency predicts that China and India will need 300% more crude oil for their economies by 2030. This is good enough reason for oil rig companies to continue investing in oil exploration and new oil rigs.

Newly elected US President Obama’s one of the key agenda was alternative energy. However, in the current gloomy economic scenario, there is less likelihood of pushing for it simply because renewable energy is costlier.

The second major reason for this unabated hiring effort from the oil companies is talent shortage. Today, there are so many drilling rig jobs filled by graying workers hired in the 1970s. Most of them will be reaching retirement age in a few years. While the oil and  gas  companies looking to rejuvenate its work force with young blood, your prospects of getting oil drilling jobs remains strong.

The Gas Helicopter Vs the Electric Helicopter

I am very enthusiastic about flying and building Remote Controlled Helicopters, and enjoy working with both The  Gas  Helicopter and the Electric Helicopter.

The Electric Remote Control Helicopter

The last Electric Remote Control Helicopter I purchased was the Twister Medevac Bell 47. The classic war helicopter made famous by the seventies comedy drama show ‘MASH’.

The Twister Medevac Bell 47 is a great Electric Remote Control Helicopter and is good for beginners and experts alike. It comes RTF (ready to fly) out of the box and with a little practice – flies like a dream. The reason it is so easy to fly is due to the co-axial design of the blades. It has two main sets of blades, one above the , that turn in opposite directions and because of this a tail rotor blade is not necessary. All in all it gives a great flying experience.

This model is now mainly unavailable, but never fear there is a new Electric Remote Control Helicopter available which is the same design.

Introducing the ESKY Lama 2 V3 Electric Remote Control Helicopter. This is a great Helicopter and is the same design as the Twister Medevac Bell 47.

In conclusion the Electric Remote Control Helicopter is affordable and easy to fly with a little practice and is enjoyed by beginners and experts alike, with the added advantage of coming RTF out of the box, especially if all you want to do is enjoy the flying without getting involved with the building.

The Remote Control  Gas  Helicopter

When entering the world of the  Gas  helicopter, there is a lot more to think about.

Are you serious about Flying Remote Controlled Helicopters?

Are you in it for the long haul?

I don’t mean to sound so serious, but when entering the world of the  Gas  Helicopter you will be spending a lot more time and money, and need to make sure its what you want to do.

A good entry level  Gas  Helicopter is the Thunder Tiger Raptor 30 V2 ARF. It come 90% built and doesn’t cost a fortune, which is great for your first project.

Although the Raptor 30 V2 ARF is widely recognized as an entry level  Gas  Helicopter, it is still capable of some excellent maneuvers and 3D flying. It is not only used by beginners but by experts as well. It is also so has a wide range of spares available and is easily upgradable.

In conclusion the  Gas  Helicopter gives you a much better flying experience but is for someone who is serious about flying and is in it for some time to come.