Smart heating control system predicts how much oil is left in the tank

World oil prices could be vulnerable to a Libor-style rigging scandal. The International Organization of Securities Commissions (IOSCO) says the current system of oil price reporting is “susceptible to manipulation or distortion.” It pointed out both the Libor inter-bank lending global rate-rigging scandal and spot oil prices are based on a system of trust; and that they are, effectively, unregulated. In reply the biggest price reporting agency, Platts, said “there is absolutely no similarity” between Libor and oil.

Worried about oil prices going up and their effect on your oil central heating system? The computer powered HeatingSavesystem calculates the amount of fuel used each day to prove to you the saving it can make over your existing heating control system. HeatingSave goes one stage further than a ‘Smart Metering’ system as it controls the energy usage instead of just reporting it. For those using heating oil it estimates the litres of fuel used each day and predicts how much oil is left in the tank.

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