Here's the bottom line on all #6 conversion projects; if is far better to convert to natural gas on a firm rate than #2 on a duel fuel rate.
Apples to Apples based on 50,000 gallons of #6 Oil: A conservative per gallon price in 2010: $2.50. That's $125,000 spent on fuel oil. 50,000 gallons of #6 is equal to 70,000 therms of gas. At $1.15 per therm you would have paid: $80,500. If you burned gas instead of #6 oil in 2010 you would have conservatively saved $44,500.00.
This $44,500 would have paid for 100% of 80% of all gas conversion proposals generated by the Platinum Energy Group in 2010. Thats a payback of 1 year. If you can find a traditional investment option (stocks, bonds, savings account) that offers a greater return than a #6 to gas conversion project please call me.
Eric
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