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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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knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Oct 10, 2012 9:01:40 AM Ignore knutzAL Report Abuse WE NEED DISTRIBUTION. The states have to take this as a major initiative
dieselfiendSC Champion Author South Carolina Posts:2,196 Points:849,380 Joined:Nov 2008	Message Posted: Oct 9, 2012 7:16:33 AM Ignore dieselfiendSC Report Abuse OK
jrs4125 Champion Author Indiana Posts:2,773 Points:594,670 Joined:Sep 2011	Message Posted: Oct 9, 2012 6:11:28 AM Ignore jrs4125 Report Abuse For how long?
tomok Champion Author Portland Posts:33,083 Points:2,348,435 Joined:Aug 2006	Message Posted: Oct 9, 2012 4:44:54 AM Ignore tomok Report Abuse 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!
MAC48 Champion Author Dallas Posts:1,551 Points:768,670 Joined:Dec 2006	Message Posted: Oct 9, 2012 1:39:39 AM Ignore MAC48 Report Abuse 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.
wally52 Champion Author Little Rock Posts:27,490 Points:817,435 Joined:Jan 2011	Message Posted: Oct 9, 2012 12:49:38 AM Ignore wally52 Report Abuse Bring on CNG and forget about the EVs.
radiorumor Champion Author Texas Posts:2,824 Points:756,725 Joined:Feb 2011	Message Posted: Oct 8, 2012 11:17:10 PM Ignore radiorumor Report Abuse Just three years ago only hear Boon Pickens was talking NG and wind
LetemEatCake Champion Author Oklahoma City Posts:5,615 Points:1,207,555 Joined:Mar 2008	Message Posted: Oct 8, 2012 11:07:56 PM Ignore LetemEatCake Report Abuse 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!
letterchunker Champion Author Texas Posts:2,245 Points:667,675 Joined:Aug 2008	Message Posted: Oct 8, 2012 11:06:30 PM Ignore letterchunker Report Abuse Bring it on
jetskijerry Champion Author North Carolina Posts:3,911 Points:775,195 Joined:Mar 2011	Message Posted: Oct 8, 2012 11:06:27 PM Ignore jetskijerry Report Abuse NG Conversion!
bigdipperMS Champion Author Mississippi Posts:1,526 Points:539,680 Joined:Apr 2011	Message Posted: Oct 8, 2012 11:06:15 PM Ignore bigdipperMS Report Abuse CNG all the way. Properly utilized we can be energy independent in a few short years.
rahcat Champion Author Grand Rapids Posts:2,483 Points:665,125 Joined:Jan 2010	Message Posted: Oct 8, 2012 11:02:29 PM Ignore rahcat Report Abuse About time....need CNG.
runningmp Champion Author Corpus Christi Posts:24,537 Points:2,750,630 Joined:Sep 2005	Message Posted: Oct 8, 2012 10:59:46 PM Ignore runningmp Report Abuse >>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.
Rednix Champion Author Miami Posts:6,168 Points:1,277,685 Joined:Jul 2009	Message Posted: Oct 8, 2012 10:58:43 PM Ignore Rednix Report Abuse Ok
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: Oct 8, 2012 10:57:01 PM Ignore clermont40miles Report Abuse 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.
MopedTime All-Star Author Michigan Posts:771 Points:362,950 Joined:Mar 2012	Message Posted: Oct 8, 2012 10:48:56 PM Ignore MopedTime Report Abuse Hope natural gas will help
zantor Veteran Author San Bernardino Posts:258 Points:53,025 Joined:Jul 2012	Message Posted: Oct 8, 2012 10:48:06 PM Ignore zantor Report Abuse more to come
Dragnet Champion Author Arizona Posts:15,417 Points:2,910,710 Joined:Jul 2004	Message Posted: Oct 8, 2012 10:40:43 PM Ignore Dragnet Report Abuse They will come down about a penny in three weeks or so, just in time for Ovomit to say how great he is
mcmonsta Champion Author Honolulu Posts:3,237 Points:820,495 Joined:Sep 2009	Message Posted: Oct 8, 2012 10:36:17 PM Ignore mcmonsta Report Abuse 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
spud5559 Veteran Author Yakima Posts:287 Points:85,465 Joined:Jul 2012	Message Posted: Oct 8, 2012 10:33:40 PM Ignore spud5559 Report Abuse my money on natural gas
Darwin00 All-Star Author Mississippi Posts:832 Points:272,495 Joined:Dec 2010	Message Posted: Oct 8, 2012 10:32:39 PM Ignore Darwin00 Report Abuse Interesting.
southrob Champion Author Tucson Posts:3,610 Points:690,125 Joined:Mar 2011	Message Posted: Oct 8, 2012 10:28:59 PM Ignore southrob Report Abuse and drill for oil before its too late
30mpg80 Champion Author Lexington Posts:10,061 Points:1,489,805 Joined:Nov 2008	Message Posted: Oct 8, 2012 10:25:47 PM Ignore 30mpg80 Report Abuse Mysub, please tell me the name of ONE person forced to buy an electric car, then eat it.
Spankster85 Champion Author Chicago Posts:1,739 Points:359,765 Joined:Nov 2011	Message Posted: Oct 8, 2012 10:25:34 PM Ignore Spankster85 Report Abuse Just another fuel to charge us to death with.
bonzoonfmb Champion Author Florida Posts:1,792 Points:646,535 Joined:Feb 2010	Message Posted: Oct 8, 2012 10:25:22 PM Ignore bonzoonfmb Report Abuse Is the short term savings in natural gas worth the investment in the infrastructure?
chillyman3 Champion Author Illinois Posts:1,355 Points:426,640 Joined:Jan 2012	Message Posted: Oct 8, 2012 10:24:41 PM Ignore chillyman3 Report Abuse Natural gas fart in a jar...
mysub Champion Author Las Vegas Posts:8,926 Points:2,333,390 Joined:Apr 2006	Message Posted: Oct 8, 2012 10:19:20 PM Ignore mysub Report Abuse I've always backed natural Gas. I would be far better than these electric cars they are forcing down our throats.
suzmar Champion Author Texas Posts:2,213 Points:874,085 Joined:Jun 2006	Message Posted: Oct 8, 2012 10:12:02 PM Ignore suzmar Report Abuse We definitely need to take advantage of the abundant natural resource.
WIPACKERFAN Champion Author Chicago Posts:8,814 Points:1,845,400 Joined:Aug 2005	Message Posted: Oct 8, 2012 10:10:20 PM Ignore WIPACKERFAN Report Abuse Promising is not the same as money in hand.
Marson Champion Author Scranton Posts:8,962 Points:2,081,085 Joined:Oct 2006	Message Posted: Oct 8, 2012 10:06:20 PM Ignore Marson Report Abuse Natural gas certainly looks promising!
twinfanMN Champion Author Minnesota Posts:1,633 Points:457,255 Joined:Jun 2011	Message Posted: Oct 8, 2012 10:02:48 PM Ignore twinfanMN Report Abuse ok
WIWalt Champion Author Wisconsin Posts:1,741 Points:418,470 Joined:Mar 2012	Message Posted: Oct 8, 2012 10:02:38 PM Ignore WIWalt Report Abuse Here comes CNG
wayoung56 Champion Author Alabama Posts:2,815 Points:821,260 Joined:Oct 2006	Message Posted: Oct 8, 2012 10:02:12 PM Ignore wayoung56 Report Abuse Interesting article...
kassie1203 Champion Author California Posts:1,394 Points:257,145 Joined:Sep 2012	Message Posted: Oct 8, 2012 10:00:51 PM Ignore kassie1203 Report Abuse k
Quick68 Champion Author Columbus Posts:8,264 Points:1,228,725 Joined:Dec 2009	Message Posted: Oct 8, 2012 9:56:37 PM Ignore Quick68 Report Abuse They are right. We do keep the rest of the world — running.
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: Oct 8, 2012 9:54:53 PM Ignore Blue48 Report Abuse WE SHALL SEE HOW LONG IT LASTS!
ramshot412 Champion Author Riverside Posts:20,165 Points:2,468,415 Joined:Apr 2004	Message Posted: Oct 8, 2012 9:54:21 PM Ignore ramshot412 Report Abuse That's what all the buses around here use.
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Oct 8, 2012 9:52:17 PM Ignore knutzAL Report Abuse yup
SandeeC Champion Author Ontario Posts:3,009 Points:462,130 Joined:Apr 2011	Message Posted: Oct 8, 2012 9:46:57 PM Ignore SandeeC Report Abuse I agree with you fenster66.
fenster66 Champion Author Pittsburgh Posts:3,360 Points:676,040 Joined:May 2011	Message Posted: Oct 8, 2012 9:43:18 PM Ignore fenster66 Report Abuse CNG is the way to go, especially for trucks, trains and public transport...
kcboy Champion Author Utah Posts:3,983 Points:1,510,725 Joined:Jun 2005	Message Posted: Oct 8, 2012 9:42:30 PM Ignore kcboy Report Abuse ok
MahopacJack Champion Author New York Posts:8,020 Points:1,585,775 Joined:Feb 2008	Message Posted: Oct 8, 2012 9:41:21 PM Ignore MahopacJack Report Abuse 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.
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Oct 8, 2012 9:41:12 PM Ignore toadNY Report Abuse Well it would be a start.
suchont Veteran Author Los Angeles Posts:308 Points:166,715 Joined:May 2012	Message Posted: Oct 8, 2012 9:40:16 PM Ignore suchont Report Abuse .
hauler43 Champion Author Oakland Posts:8,158 Points:2,597,750 Joined:Sep 2003	Message Posted: Oct 8, 2012 9:37:49 PM Ignore hauler43 Report Abuse good
mstearno Champion Author Dayton Posts:8,080 Points:1,734,140 Joined:Jan 2008	Message Posted: Oct 8, 2012 9:35:57 PM Ignore mstearno Report Abuse good
e3p0 Champion Author Columbus Posts:2,316 Points:1,120,230 Joined:Mar 2006	Message Posted: Oct 8, 2012 9:34:02 PM Ignore e3p0 Report Abuse I would like to see auto manufacturers take another shot at cng.
Tekkersmom57 Champion Author Syracuse Posts:1,889 Points:703,140 Joined:May 2010	Message Posted: Oct 8, 2012 9:32:46 PM Ignore Tekkersmom57 Report Abuse The more we can get CNG introduced in our country, the less dependent on OPEC we will be.
TXHUNTER1 Champion Author Austin Posts:2,711 Points:295,760 Joined:Dec 2006	Message Posted: Oct 8, 2012 9:31:41 PM Ignore TXHUNTER1 Report Abuse Great news.
Beaveronparade Champion Author Hartford Posts:2,108 Points:637,535 Joined:Mar 2011	Message Posted: Oct 8, 2012 9:28:23 PM Ignore Beaveronparade Report Abuse Although I think I'll stick with a gas powered vehicle, I think CNG is a great way to go for many people.