Hey, I only paid $500 for my P38 used and it included almost a ton of pellets but how many deals like this is anyone going to run across in their life?Moe said:I paid $2,100 for a brand new Harman Accentra a year and a half ago and $2,700 for the exact same stove three or four years ago. They paid for themselves or real close to with the last one I bought. I was an oil hog with the old equipment. If people are paying $5,000 for stoves, they're being gouged.
Gio said:And what happens when you can`t find the pellets to burn in your new $5K stove? Or when the cost of both oil and pellets are high?
We are screwed one way or the other.
MrKLeen said:Well, I could have easily cancelled my pellet stove and hadn't even orderde pellets yet when the price of oil was quickly declining. I made the concious decision to just go with it. Oil prices will not stay low for ever. When the price does drop, the middle east also drops production to try to curb the decrease. Hell, if it does drop that far in price that is fine with me, my pellet stove will be quickly paid for in savings on gasoline alone.
I paid 2600 total for my stove and install, its better for the environment, I like the way hot air blows out of it and the next time time oil goes through the roof I am good to go, oh and it looks nice in my living room. Also, Regardless of the price of oil I am considering adding a 40 gallon electric hot water heater.
Liter of Cola said:I like the looks of that Napoleon!
itworks said:Just don't get it. Why would anyone today ( at least here in New England) buy a new pellet stove, vent pipes, and pay for installation and incur a total bill of $3-5 thousand with pellets selling for $300-$400 a ton when HHO is selling for about $2.50 a gallon and Nat gas is even cheaper.
Gio said:pinewoodburner said:Another question to ask yourself, what happens when the greed overtakes OPEC, they like the high oil prices? They decide to cut the tap and create a shortage to get the price of oil back up, creating a shortage in the US. If you are heating with oil and you need to refill, you may be out of luck. The price of oil will go back up, it is just a question of when will it go back up. If you have two different heating systems, you have a choice of which one is less expensive and which one to use.
Geez, didn`t we just experience that same greed here with the cost of pellets and stoves?
And what happens when you can`t find the pellets to burn in your new $5K stove? Or when the cost of both oil and pellets are high?
We are screwed one way or the other.
Gio said:darkstar said:itworks said:
With the now global economic crisis, crude may stay low for a while. That doesn't mean that the high prices were an anomaly or will not happen again - and STAY there. Pellet prices will balance themselves out. Right now, there is a shortage (and higher price) because of unexpected high demand. It really is a simple supply and demand equation. We will need to reach a saturation point of people owning pellet stoves, which we may well have now, and the supply and price of pellets will have to balance with oil. It really is simple economics. Unfortunately, we will probably get to a point where neither is significantly cheaper than the other.
OK let me think on that. Sure, most of us feel the cost of oil is going to go back up but do you really think the price of pellets will balance themselves out ? You`re hoping, Right?
I don`t think so.
I do agree entirely with your last statement though.
sydney1963 said:Oil here is $2.29 a gallon and spent $235 a pallet this past spring. Hmmmmmm
Gio said:Heh,heh,heh.
I really love reading all the patriotic stories as to why some folks are into burning pellets , corn, cordwood, etc. but lets be honest now, oil wasn`t all that bad when it was really cheap , huh?
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