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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


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Submitted Oct 08, 2012 By: skb69sa
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Author Topic: Natural gas boon holds economic potential Back to Topics
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knutzAL
Champion Author Alabama

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Message Posted: Oct 10, 2012 9:01:40 AM

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

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Message Posted: Oct 9, 2012 7:16:33 AM

OK
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jrs4125
Champion Author Indiana

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Message Posted: Oct 9, 2012 6:11:28 AM

For how long?
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tomok
Champion Author Portland

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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!
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MAC48
Champion Author Dallas

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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.
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wally52
Champion Author Little Rock

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Message Posted: Oct 9, 2012 12:49:38 AM

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

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Message Posted: Oct 8, 2012 11:17:10 PM

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

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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!
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letterchunker
Champion Author Texas

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Message Posted: Oct 8, 2012 11:06:30 PM

Bring it on
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jetskijerry
Champion Author North Carolina

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Message Posted: Oct 8, 2012 11:06:27 PM

NG Conversion!
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bigdipperMS
Champion Author Mississippi

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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.
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rahcat
Champion Author Grand Rapids

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Message Posted: Oct 8, 2012 11:02:29 PM

About time....need CNG.
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runningmp
Champion Author Corpus Christi

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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.
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Rednix
Champion Author Miami

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Message Posted: Oct 8, 2012 10:58:43 PM

Ok
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clermont40miles
Champion Author Cincinnati

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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.
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MopedTime
Champion Author Michigan

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Message Posted: Oct 8, 2012 10:48:56 PM

Hope natural gas will help
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zantor
Veteran Author San Bernardino

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Message Posted: Oct 8, 2012 10:48:06 PM

more to come
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Dragnet
Champion Author Arizona

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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
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mcmonsta
Champion Author Honolulu

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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
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spud5559
Veteran Author Yakima

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Message Posted: Oct 8, 2012 10:33:40 PM

my money on natural gas
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Darwin00
Champion Author Mississippi

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Message Posted: Oct 8, 2012 10:32:39 PM

Interesting.
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southrob
Champion Author Tucson

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Message Posted: Oct 8, 2012 10:28:59 PM

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

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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.
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Spankster85
Champion Author Chicago

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Message Posted: Oct 8, 2012 10:25:34 PM

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

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Message Posted: Oct 8, 2012 10:25:22 PM

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

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Message Posted: Oct 8, 2012 10:24:41 PM

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

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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.
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suzmar
Champion Author Texas

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Message Posted: Oct 8, 2012 10:12:02 PM

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

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Message Posted: Oct 8, 2012 10:10:20 PM

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

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Message Posted: Oct 8, 2012 10:06:20 PM

Natural gas certainly looks promising!
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twinfanMN
Champion Author Minnesota

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Message Posted: Oct 8, 2012 10:02:48 PM

ok
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WIWalt
Champion Author Wisconsin

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Message Posted: Oct 8, 2012 10:02:38 PM

Here comes CNG
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wayoung56
Champion Author Alabama

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Message Posted: Oct 8, 2012 10:02:12 PM

Interesting article...
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kassie1203
Champion Author California

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Message Posted: Oct 8, 2012 10:00:51 PM

k
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Quick68
Champion Author Columbus

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Message Posted: Oct 8, 2012 9:56:37 PM

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

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Blue48
Champion Author Illinois

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Message Posted: Oct 8, 2012 9:54:53 PM

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

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Message Posted: Oct 8, 2012 9:54:21 PM

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

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Message Posted: Oct 8, 2012 9:52:17 PM

yup
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SandeeC
Champion Author Ontario

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Message Posted: Oct 8, 2012 9:46:57 PM

I agree with you fenster66.
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fenster66
Champion Author Pittsburgh

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Message Posted: Oct 8, 2012 9:43:18 PM

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

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Message Posted: Oct 8, 2012 9:42:30 PM

ok
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MahopacJack
Champion Author New York

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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.
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toadNY
Champion Author Albany

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Message Posted: Oct 8, 2012 9:41:12 PM

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

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Message Posted: Oct 8, 2012 9:40:16 PM

.
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hauler43
Champion Author Oakland

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Message Posted: Oct 8, 2012 9:37:49 PM

good
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mstearno
Champion Author Dayton

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Message Posted: Oct 8, 2012 9:35:57 PM

good
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e3p0
Champion Author Columbus

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Message Posted: Oct 8, 2012 9:34:02 PM

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

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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.
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TXHUNTER1
Champion Author Austin

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Message Posted: Oct 8, 2012 9:31:41 PM

Great news.
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Beaveronparade
Champion Author Hartford

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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.
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