With oil prices rising dramatically because of Mideast tensions, will natural gas prices benefit
too
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Anyone have an idea of many cubic feet of NG would be needed to fuel half the autos and trucks in this country?
Be nice to not have to depend on the weatherman for NG pricing, huh?
PG, replacing 10% of gasoline and diesel with natural gas would add 4.6 Bcfd & 2.2 Bcfd to natural gas consumption in the US. This would increase natural gas consumption by a total of ~ 11%. This is a reasonable target that could be accomplished and still maintain natural gas supply reliability.
By the way replacement of diesel must be done with LNG rather than CNG due to the energy density needs. Also, long term natural gas prices have little to do with the weather and is more about economic growth, technology and competition with alternative fuels.
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