If you have an oil furnace in your home you may have noticed how the price of heating oil has been going up. And a less noticeable change if you use natural gas to heat your home, but still going up.
Why???
Because of the war in Iran also effects heating oil and natural gas prices.
Crude oil is used to make heating oil, so when the price of crude oil goes up dramatically, you can expect the price of heating oil to also go up. Natural gas is also effected by these price changes, but the impact is more delayed and less severe.
So how long will the Iran War last?
The average war in the Middle East varies dramatically.
The Iraq War (the major phase of it) lasted 8 years. Iraq has relatively flat terrain and had (at the beginning) a population of 25 million.
The Afghanistan War lasted 20 years because it was mountainous terrain and Afghanistan had a population of 21 million at the beginning of the war. The USA eventually gave up and withdrew.
Iran meanwhile...
Mountainous terrain. Population of 90 million.
It would take decades to win a war in Iran, and the USA would eventually give up and leave, which would leave Iran continuing to control the Strait of Hormuz.
Thus we should expect oil prices to stay high for years (possibly decades), because it takes a long time for other countries to increase production.
So... Whenever you reach the point where you need to replace your furnace, what should you replace it with?
Well, the cheapest alternative to natural gas is to get a heat pump. It works like a reverse AC unit. You're pumping warm air inside and letting cold air outside.
And if you want to save more money then you can also consider hiring a home inspector to come look at your house and they can suggest ways to improve the energy efficiency in your home.
Things like:
- Sealing leaks.
- Adding attic insulation (and the attic hatch).
- Checking to see if your furnace needs servicing.
- Replacing an old inefficient furnace with either a high efficiency furnace or a heat pump.
- Weatherstripping doors.
- Plugging old chimneys.
- Replacing caulking.
- Insulating heating ducts in areas like the garage, which shouldn't be heated.
- Improving thermostat control.
- Fixing drafts.
A quick one hour inspection could help you save a lot of money on your energy bills.
Looking for a home inspector in Ajax ON? Get a trained and certified home and property inspector from Moffat Inspections in Ajax.




