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Yes, it is possible. An electrical fire can break out if the compressor has inadequate ventilation. When it overheats but doesn't have a proper thermal cutout, this can cause the motor to short-circuit and catch fire. This risk is exacerbated if flammable materials, like dust and fallen leaves, are clogging the unit. The compressor overheating won't start a fire by itself, but poor maintenance and installation can increase the risk once it hits its breaking point and short-circuits.

Baseboard heaters are generally safe and efficient, but they can be dangerous if safety precautions are not followed. To ensure safety, do not block the heaters with furniture, drapes, open doors, or other items, and maintain clear space around them for proper heat flow. Regularly check that items have not fallen on or under the units. If you have children or pets, make sure they stay clear of hot heaters to avoid burns. For added safety, consider models with an automatic shut-off feature and have them professionally tested. If a problem occurs with a baseboard heater, always contact a qualified electrician or HVAC professional for repairs.

You should have either an ABC or K-rated fire extinguisher in the kitchen. ABC fire extinguishers put out wood, trash, paper, plastic, and textile fires along with grease, oil, gas, kerosene, and electrical fires. A class K fire extinguisher is specifically rated for use in the kitchen and is designed to extinguish combustible cooking materials, including grease and fat. 

Generally, an oil furnace is considered safer than a gas furnace for several reasons. While both types of furnaces can produce carbon monoxide, a leak in an oil furnace is easier to detect due to the smell. Oil furnaces also don't connect to a gas pipeline, which reduces the chance of a fuel leak. Most importantly, heating oil is not combustible, whereas natural gas is highly flammable. This means there is a much lower risk of combustion or explosion with an oil furnace. However, an oil furnace can still pose a fire hazard if it tips over.