landowner

States pumping up natural gas use

Currently, 23 state legislatures are considering bills that support natural gas as a transportation fuel, with Wyoming appropriating $200,000 for its Dept. of Transportation and Dept. of Administration and Information to retrofit or acquire vehicles in their fleets capable of running on natural gas, according to the trade association NGVAmerica.

 

see link below for article

 

 

http://fleetowner.com/management/news/states-pumping-natural-gas-us...

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landownerPermalink Reply by P.G. on March 16, 2011 at 14:42

Looks like there's a much higher profit margin selling CNG than gasoline...

Selling NG for $2.59 per gasoline equivalent would be like selling it for around $20 per 1000 cubic feet...


Oil & Gas ProPermalink Reply by awharris on March 21, 2011 at 4:52

Not necessarily true...think "economics of scale."  High volume gas going down a pipeline is MUCH different than stored gas in a small container. 


Besides, even if there is a high profit margin, that is GOOD.  That means plenty of capital will be used to invest in development and expansion bringing more infrastructure and making gas more available to the masses.

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