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yup, its falling. Why is it falling? BECAUSE WE PRODUCE OUR OWN NATURAL GAS!!!!!!! Meanwhile, oil just keeps going up and up and up! Its time we start switching over to nat gas!!!!
Just look at the prices: cngprices.com
in utah CNG selling for $1.25/ GGE (gasoline gallon equivalent)
everywhere else, around $2/GGE
and for gasoline avg price is $3.20/gallon.
Yes, i know there are few cng pumps but as more cng cars are put on the streets then there is more incentives for gas station owners to install CNG pump.
Plus 1/3rd of our trade deficit is for oil. If we replace that imported oil with CNG, that'll be a considerable boost to our economy.
Everyone is talking about electric cars but the real solution is CNG cars. By the time CNG gets expensive the electric car will actually be cheap and economical to use. Also our grid will be powered more by renewable sources of energy such as nuclear or fusion.
We are in a situation where natural gas is cheap and oil is expensive relative to each other. It isn't always like that. Natural gas spikes as well. Prices are cheap right now because there is a glut of it - supply is out stripping demand. It was just a few years ago that NG was topping $8. It can easily happen again.
We are in a situation where natural gas is cheap and oil is expensive relative to each other. It isn't always like that. Natural gas spikes as well. Prices are cheap right now because there is a glut of it - supply is out stripping demand. It was just a few years ago that NG was topping $8. It can easily happen again.
Yes but back then we didn't have hydro fracing. Now we have new technology that allows us to obtain trillions more in cubic feet of natural gas that we didn't have before.
Yes, eventually, natural gas will go up again but not for awhile IMO.
In fact, we have so much natural gas that we will actually start exporting it pretty soon believe it or not.
Here in Orange County, more and more fleet vehicles are running CNG (compressed nat gas). Most of the 1000+ local bus fleet has been converted from diesel to CNG with new bus purchases in the past few years. Garbage trucks also run on CNG. AT&T runs it's local fleet on CNG. Taxis and buses that serve the local airports also run on CNG (required my most airports in southern cal to cut down on vehicle emissions in front of airport terminals). That covers most of what I see around here.
It's odd that here in the US, the only factory-stock natural gas passenger car is the Honda Civic. Pakistan, Argentina, Brazil, Iran and India have over 8 million of the world's 11 or 12 million natural gas powered vehicles. It's easy to understand why many countries in the developing world who have good access to natural gas would embrace nat gas powered vehicles. They don't need an elaborate, expensive refinery to turn crude oil into gasoline! Just get the natural gas from a pipeline to a local distribution site, to a place that has a relatively inexpensive and simple pump to compress the natural gas into the vehicles's high pressure fuel tank.
Some of you really need to watch that documentary Gasland. You think the Gulf Oil spill was bad. Just wait! 20 years from now we will be funding EPA superfund sites all over the world because of fracking and natural gas exploration and processing.
Someday there will be the infrastructure for it. But for now the tanks take up extra space from a car's trunk and deliver a driving range of about half as much. Add in a 20-25% price premium and its not exactly a move you should expect soon.
My stepfather back in the 70s and 80s worked for a company called Dual Fuel which was trying to make nat gas for vehicles a reality. He worked around the world trying to get this up and running, even spent years in Iran while the Shah was in power trying to get their infrastructure going. Problem was the only practical vehicles for it were vans and trucks. Anything smaller and you kissed your trunk and even part of the back seat goodbye. So its not like people haven't been working on this, its just still not a practical solution.
Some of you really need to watch that documentary Gasland. You think the Gulf Oil spill was bad. Just wait! 20 years from now we will be funding EPA superfund sites all over the world because of fracking and natural gas exploration and processing.
Lol I've seen that documentary. Highly sensational and inaccurate. It makes it sound like all fracking contaminates the surrounding area, which it doesn't. Yes, there are some fracking jobs that have contaminated and those companies should pay for doing a shotty job. However, fracking is safe, if done properly.
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