Advice on painting basement with oil-based paint

I'm planning on painting a previously painted (almost 80 y.o.) basement floor with oil-based floor/concrete paint.
I've used latex for all my main floor walls, ceilings, etc. -- so I don't have much experience with oil-based paints.
* Do I need to turn off the pilot lights (for an extended period) on my gas water heater and furnace -- or will opening the windows be enough ventilation (if painted in the spring)?
* Is the gloss surface going to be a safety concern (slipping)?
Use of the basement is mainly for laundry, workbench, storage, etc -- no "living" areas.
Thanks in advance for any help / advice.
Mike
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The fumes wont explode but will explode you, the fumes are toxic and bringing fresh air in is a smart idea, put a fan in a window to suck out air. It will be slipery wet, sand additive can be added in or sprinkled on top. But sand makes it wear faster . So maybe sand near only the laundry area. Sand also hold a bit of dirt.
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basement
Do you need to remove the existing paint before painting the floor? I am just wondering whether the new paint will stick well with the existing paint. If the paint manufacturer suggests removing the existing paint, you will have a lot of hard work in front of you because removing paint from concrete floor is a very difficult job (and probably not very healthy); if this is the case, you may be better off just leave the floor alone.
Jay Chan
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wrote:

That should be good enough but I'd also add an exhaust fan to move air through the space. Even a pilot light can create lots of monoxide and very smelly unburned hydrocarbons.

Probably not unless the floor gets wet. If this is a concern there are additives you can mix into the paint. I add a handful of fine sand into deck paint for exterior applications.
Steve Manes Brooklyn, NY http://www.magpie.com/house/bbs
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Jay , any paint can be painted over, clean and sand, thats it.
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