Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:43 AM

GasBuddy News Article

41
votes
Natural gas boon holds economic potential

Amarillo.com -- Accelerated American energy production is rewriting what were once common assumptions about the supply and cost of keeping the country — and the rest of the world — running.

While oil is important and estimates of domestic supplies and production are trending upward — the U.S. Energy Information Administration says imports went from 69 percent of national supply in 2006 to 49 percent in 2012 — natural gas is taking center stage to fuel the future. And as conventional supplies of gas decline, unconventional supplies, especially from shale formations, are growing. The largest formation in Texas of the finely textured sedimentary rock is the Barnett Shale west and south of Fort Worth.

Developing gas production in shale formations is big business. Over the past 10 years, the supply potential


Read the Full Article

Submitted Oct 08, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Natural gas boon holds economic potential Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
knutzAL
Champion Author Alabama

Posts:2,248
Points:373,880
Joined:Feb 2012
Message Posted: Oct 10, 2012 9:01:40 AM

WE NEED DISTRIBUTION. The states have to take this as a major initiative
Profile Pic
dieselfiendSC
Champion Author South Carolina

Posts:4,155
Points:1,417,095
Joined:Nov 2008
Message Posted: Oct 9, 2012 7:16:33 AM

OK
Profile Pic
jrs4125
Champion Author Indiana

Posts:4,822
Points:1,183,995
Joined:Sep 2011
Message Posted: Oct 9, 2012 6:11:28 AM

For how long?
Profile Pic
tomok
Champion Author Portland

Posts:43,798
Points:2,951,385
Joined:Aug 2006
Message Posted: Oct 9, 2012 4:44:54 AM

Natural gas boon holds economic potential but at what price? What Boon?
As more and more vehicles are built to use natural gas OR converted over to natural gas, more natural gas will be used and the price could go up. Don't expect natural gas to stay low for very long, the trend for fuel prices is always up and up more! Many more fueling stations are needed to fuel those CNG vehicles once they are built and sold. Expect to fill more with Natural Gas as it is less dense and has less BTU's than Gasoline or Diesel and will not get the same amount of miles.
Honda has a CNG vehicle on the market for quite a while now – Honda Civic GX. Get a refill kit for the home natural gas line and fill up there. If you are on the traveling, know where your fill up stations are and plan according.
To all those that think a CNG or a Hydrogen vehicle is a bomb waiting to happen. Why haven't gasoline vehicles exploded on the roads? It's just as explosive as CNG or Hydrogen or more so! Do you really think the government would allow bombs on the road? Engage brain and think about it!
Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. 'Coming out of the closet' Fred's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Fred's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Fred spins those numbers! People will still drive and buy fuel no matter what but it sure helps to have a job too!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
Profile Pic
MAC48
Champion Author Dallas

Posts:3,375
Points:1,313,095
Joined:Dec 2006
Message Posted: Oct 9, 2012 1:39:39 AM

One can see how compressed natural gas (CNG) may some day be an important local transportation fuel for commuting, busses, local delivery, etcetera. But long distance transportation needs would seem to require liquified natural gas (LNG) for trains, long haul trucks, pick-ups and cars traveling out of their home area. The refuelling time required for CNG is hours as opposed to LNG which takes about the same time as gasoline or diesel since it is a liquid. The use of multi-fuel vehicles that can run on CNG or gasoline is probably the ultimate practical answer for the vast majority of consumers.
Profile Pic
wally52
Champion Author Little Rock

Posts:32,880
Points:1,392,565
Joined:Jan 2011
Message Posted: Oct 9, 2012 12:49:38 AM

Bring on CNG and forget about the EVs.
Profile Pic
radiorumor
Champion Author Texas

Posts:5,285
Points:1,351,000
Joined:Feb 2011
Message Posted: Oct 8, 2012 11:17:10 PM

Just three years ago only hear Boon Pickens was talking NG and wind
Profile Pic
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Oct 8, 2012 11:07:56 PM


Drugnet..just wondering how you managed to get into the President's head. If you are that good you should audition for the Long Island Psychic show. I hear the pay is great!
Profile Pic
letterchunker
Champion Author Texas

Posts:4,791
Points:1,245,550
Joined:Aug 2008
Message Posted: Oct 8, 2012 11:06:30 PM

Bring it on
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,442
Points:1,369,935
Joined:Mar 2011
Message Posted: Oct 8, 2012 11:06:27 PM

NG Conversion!
Profile Pic
bigdipperMS
Champion Author Mississippi

Posts:2,565
Points:1,021,130
Joined:Apr 2011
Message Posted: Oct 8, 2012 11:06:15 PM

CNG all the way. Properly utilized we can be energy independent in a few short years.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,320
Points:1,267,825
Joined:Jan 2010
Message Posted: Oct 8, 2012 11:02:29 PM

About time....need CNG.
Profile Pic
PegasusAT
Champion Author Corpus Christi

Posts:29,447
Points:3,352,680
Joined:Sep 2005
Message Posted: Oct 8, 2012 10:59:46 PM

>>mysub, I've always backed natural Gas. I would be far better than these electric cars they are forcing down our throats...<<

As much as I dislike the Obama's Administration's subsidies to green energy, they are not forcing it down my throat. The public can see the track record that President Obama has.
Profile Pic
Rednix
Champion Author Miami

Posts:8,647
Points:1,870,935
Joined:Jul 2009
Message Posted: Oct 8, 2012 10:58:43 PM

Ok
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,917
Points:2,372,495
Joined:Apr 2008
Message Posted: Oct 8, 2012 10:57:01 PM

Bring it on. Get the infrastructure in place.

Make tanks that don't go boom.

Make pumps that don't go boom.

Keep the price of CNG from going boom.
Profile Pic
MopedTime
Champion Author Michigan

Posts:1,970
Points:835,890
Joined:Mar 2012
Message Posted: Oct 8, 2012 10:48:56 PM

Hope natural gas will help
Profile Pic
zantor
Veteran Author San Bernardino

Posts:258
Points:53,025
Joined:Jul 2012
Message Posted: Oct 8, 2012 10:48:06 PM

more to come
Profile Pic
Dragnet
Champion Author Arizona

Posts:18,119
Points:3,493,655
Joined:Jul 2004
Message Posted: Oct 8, 2012 10:40:43 PM

They will come down about a penny in three weeks or so, just in time for Ovomit to say how great he is
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:5,591
Points:1,412,160
Joined:Sep 2009
Message Posted: Oct 8, 2012 10:36:17 PM

anyone who has to spend a lot less for energy has of course more to spend for other things. it 's the save on down the line
Profile Pic
spud5559
Veteran Author Yakima

Posts:297
Points:88,615
Joined:Jul 2012
Message Posted: Oct 8, 2012 10:33:40 PM

my money on natural gas
Profile Pic
Darwin00
Champion Author Mississippi

Posts:1,867
Points:794,690
Joined:Dec 2010
Message Posted: Oct 8, 2012 10:32:39 PM

Interesting.
Profile Pic
southrob
Champion Author Tucson

Posts:5,983
Points:1,238,475
Joined:Mar 2011
Message Posted: Oct 8, 2012 10:28:59 PM

and drill for oil before its too late
Profile Pic
30mpg80
Champion Author Lexington

Posts:14,369
Points:2,093,605
Joined:Nov 2008
Message Posted: Oct 8, 2012 10:25:47 PM

Mysub, please tell me the name of ONE person forced to buy an electric car, then eat it.
Profile Pic
Spankster85
Champion Author Chicago

Posts:3,355
Points:912,660
Joined:Nov 2011
Message Posted: Oct 8, 2012 10:25:34 PM

Just another fuel to charge us to death with.
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Oct 8, 2012 10:25:22 PM

Is the short term savings in natural gas worth the investment in the infrastructure?
Profile Pic
chillyman3
Champion Author Illinois

Posts:1,500
Points:913,400
Joined:Jan 2012
Message Posted: Oct 8, 2012 10:24:41 PM

Natural gas fart in a jar...
Profile Pic
mysub
Champion Author Las Vegas

Posts:11,459
Points:2,932,605
Joined:Apr 2006
Message Posted: Oct 8, 2012 10:19:20 PM

I've always backed natural Gas. I would be far better than these electric cars they are forcing down our throats.
Profile Pic
suzmar
Champion Author Texas

Posts:3,497
Points:1,369,315
Joined:Jun 2006
Message Posted: Oct 8, 2012 10:12:02 PM

We definitely need to take advantage of the abundant natural resource.
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:11,394
Points:2,445,230
Joined:Aug 2005
Message Posted: Oct 8, 2012 10:10:20 PM

Promising is not the same as money in hand.
Profile Pic
Marson
Champion Author Scranton

Posts:11,466
Points:2,670,750
Joined:Oct 2006
Message Posted: Oct 8, 2012 10:06:20 PM

Natural gas certainly looks promising!
Profile Pic
twinfanMN
Champion Author Minnesota

Posts:2,829
Points:781,765
Joined:Jun 2011
Message Posted: Oct 8, 2012 10:02:48 PM

ok
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:4,222
Points:1,013,340
Joined:Mar 2012
Message Posted: Oct 8, 2012 10:02:38 PM

Here comes CNG
Profile Pic
wayoung56
Champion Author Alabama

Posts:5,275
Points:1,406,510
Joined:Oct 2006
Message Posted: Oct 8, 2012 10:02:12 PM

Interesting article...
Profile Pic
kassie1203
Champion Author California

Posts:1,632
Points:302,510
Joined:Sep 2012
Message Posted: Oct 8, 2012 10:00:51 PM

k
Profile Pic
Quick68
Champion Author Columbus

Posts:11,842
Points:1,831,675
Joined:Dec 2009
Message Posted: Oct 8, 2012 9:56:37 PM

They are right. We do keep the rest of the world — running.

Profile Pic
Blue48
Champion Author Illinois

Posts:9,926
Points:2,243,470
Joined:Feb 2007
Message Posted: Oct 8, 2012 9:54:53 PM

WE SHALL SEE HOW LONG IT LASTS!
Profile Pic
ramshot412
Champion Author Riverside

Posts:22,564
Points:3,017,995
Joined:Apr 2004
Message Posted: Oct 8, 2012 9:54:21 PM

That's what all the buses around here use.
Profile Pic
knutzAL
Champion Author Alabama

Posts:2,248
Points:373,880
Joined:Feb 2012
Message Posted: Oct 8, 2012 9:52:17 PM

yup
Profile Pic
SandeeC
Champion Author Ontario

Posts:3,334
Points:503,460
Joined:Apr 2011
Message Posted: Oct 8, 2012 9:46:57 PM

I agree with you fenster66.
Profile Pic
fenster66
Champion Author Pittsburgh

Posts:5,958
Points:1,279,440
Joined:May 2011
Message Posted: Oct 8, 2012 9:43:18 PM

CNG is the way to go, especially for trucks, trains and public transport...
Profile Pic
kcboy
Champion Author Utah

Posts:5,868
Points:1,964,865
Joined:Jun 2005
Message Posted: Oct 8, 2012 9:42:30 PM

ok
Profile Pic
MahopacJack
Champion Author New York

Posts:9,588
Points:1,857,935
Joined:Feb 2008
Message Posted: Oct 8, 2012 9:41:21 PM

Were the transportation industry (rail and truck) were to switch even partially to natural gas, we could see a tremendous economic boom. Our fuel prices would be much lower (placing more buying power in the hands of the consumer) and our need to borrow funds to pay our trade balance would drop.
Profile Pic
toadNY
Champion Author Albany

Posts:9,695
Points:2,119,175
Joined:Apr 2008
Message Posted: Oct 8, 2012 9:41:12 PM

Well it would be a start.
Profile Pic
suchont
Veteran Author Los Angeles

Posts:312
Points:173,645
Joined:May 2012
Message Posted: Oct 8, 2012 9:40:16 PM

.
Profile Pic
hauler43
Champion Author Oakland

Posts:8,158
Points:2,597,850
Joined:Sep 2003
Message Posted: Oct 8, 2012 9:37:49 PM

good
Profile Pic
mstearno
Champion Author Dayton

Posts:9,537
Points:2,238,465
Joined:Jan 2008
Message Posted: Oct 8, 2012 9:35:57 PM

good
Profile Pic
e3p0
Champion Author Columbus

Posts:2,344
Points:1,588,065
Joined:Mar 2006
Message Posted: Oct 8, 2012 9:34:02 PM

I would like to see auto manufacturers take another shot at cng.
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:4,456
Points:1,299,155
Joined:May 2010
Message Posted: Oct 8, 2012 9:32:46 PM

The more we can get CNG introduced in our country, the less dependent on OPEC we will be.
Profile Pic
TXHUNTER1
Champion Author Austin

Posts:2,717
Points:350,405
Joined:Dec 2006
Message Posted: Oct 8, 2012 9:31:41 PM

Great news.
Profile Pic
Beaveronparade
Champion Author Hartford

Posts:3,390
Points:1,205,650
Joined:Mar 2011
Message Posted: Oct 8, 2012 9:28:23 PM

Although I think I'll stick with a gas powered vehicle, I think CNG is a great way to go for many people.
Post a reply Back to Topics