Thursday, June 20, 2013

How much is your "Used Oil" worth?

Are you getting paid for a waste oil hauler to haul away the used oil you generate?  If you are, you may be getting only one third of its value or less, depending upon the fuel type you currently heat with.

Every gallon of used oil has 140,000 BTUs of energy; enough to power a waste oil furnace for about an hour, making it simple to calculate potential savings.

Every 1,000 gallons of used oil your business generates can eliminate the following from your annual heating bill: 
    $2,200 Natural Gas
    $4,000 Propane
    $3,000 Heating Oil
    $4,500 Electricity

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