CNG is
AFFORDABLE
Compressed natural gas is a bargain. CNG can cut fuel
costs nearly in half. Second quarter prices for 2008 show a nation
average of $4.05 for regular gas (Energy Information Administration)
and $2.04 for CNG (US Dept. of Energy) resulting in a possible
average savings of nearly $2.00 per gasoline gallon equivalent. An
economic analysis of natural gas as a use for alternative fuel
vehicles depends on many factors, including vehicle application,
vehicle size (medium, light or heavy duty), fleet size, annual
mileage, etc. The extent of the economic benefits will depend on
these factors for each fleet or individual user.
*Sources:cngprices.com
Record U.S.
natural gas production - a new Landmark Study shows supply far
exceeds government forecasts - and storage levels assure reasonable
prices for the foreseeable future. In the past five years, natural
gas prices are up less than many other commodities
CNG
pollutes up to 90% less* and, since it is "carbon lite" and lacks
other pollutants, it is a bargain; a bargain that beats even plug-in
hybrids and electric vehicles that rely on electricity that could be
generated by dirty technologies such as coal or
nuclear.
*Emissions reductions may vary by
pollutant and make. |
CNG is
CLEAN
Compressed Natural
Gas (CNG) is one of the most widely used
forms of energy today. It is commonly used to heat and
cool businesses and homes nationwide. In addition, more than 85,000
CNG burning vehicles are in operation successfully in the
U.S. today. |
 |
CNG ENGINES vs. CONVENTIONAL
ENGINES
-Reductions in carbon monoxide
emissions of 90 to 97 percent, and reductions in carbon
dioxide emissions of 25 percent
-Reductions in nitrogen
oxide emissions of 35 to 60 percent.
-Potential reductions
in non-methane hydrocarbon emissions of 50 to 75
percent.
-Fewer toxic and carcinogenic pollutants, and
little to no particulate matter produced.
-No evaporative
emissions in dedicated engines (such as those associated with
gasoline or
diesel).
| |
TOP OF
PAGE
CNG is
ABUNDANT
Washington, D.C. - A comprehensive study
released be the American Clean Skies Foundation (ACSF) and Navigant
Consulting, Inc. (NYSE:NCI) indicates the United States has 2,247
trillion cubic feet (Tdf) of natural gas reserves, which is enough
to last more than 100 years.
This announcement expands on and
explains why existing forecasts from the U.S. Energy Information
Administration (EIA) have historically underestimated and
understated the contribution ad potential of unconventional natural
gas from three sources: tight sands, coal bed methane and gas from
shale formations.
"As oil prices have recently soared,
there's an increased focus on American produced, affordable, clean
energy solutions. To help determine the long-term viability of
natural gas as an answer, ACSF engaged NCI to develop a
comprehensive assessment of the current state of North American
natural gas production, with a particular focus on analyzing the
future of rapidly expanding natural gas production from
unconventional formations such as shales," said Aubrey K. McClendon,
chairman of ACSF and chairman and CEO of Chesapeake Energy
Corporation. "New technologies have allowed the rapid emergence of
gas shales as a major energy source, representing a truly
transformative event for U.S. energy supplies. American producers
can clearly supply enough natural gas to meet today's uses and
become an economical source of transportation fuel in the for of CNG
or greater supplies of electricity for plug-in hybrids for
generations to come."
"The assessments and estimates on
natural gas supply are very impressive and have, frankly, caught
industry forecasters off guard," shared Rick Smead, on of the
studies co-authors and overall project manager for NCI. The study
found that while all three unconventional gas sources have increased
production over the past decade, natural gas production from shale
formations is growing exponentially, increasing from less than a
billion cubic fee per day in 1998, to about 5 bullion cubic feet per
day now. That's a compound annual rate of growth of over 20 percent,
which is over 600% for the time period. " The extent of this ramp-up
has not been fully captured by many reserve estimators," said Smead,
"probably because their emergence has been too rapid for existing
models to capture accurately."
There are approximately 22
shale basins located onshore in more than 20 states in the U.S.
NCI's researchers formulated the studies snapshot of domestic
natural gas reserves by analyzing production and reserve data from
existing sources including studies, state agencies responsible for
minerals management, and corporate investor data, as well as through
direst outreach to more than 60 large natural gas producers
nationwide. Researchers then compared this snapshot with current
models including ones produced by the U.S. EIA.
"This is the
age of natural gas," said Denise Bode, president of ACSF. "Frankly,
no other energy source can do so much for America from fueling our
vehicles to generating our electricity and do so as cleanly as
American-produced natural gas. Without question, we know now that we
have abundant supplies of domestically produced natural gas to take
us to a clean, secure, scalable and affordable energy future. This
study authoritatively refutes head-on the mistaken belief that we do
not have sufficient supply. The fact is America has substantial
natural gas to fuel its future beyond this century and at a price
that is likely to remain less than half the price of oil and will
provide significant environmental benefits as well," |
TOP OF PAGE
CNG is AMERICAN
Approximately 98% of the natural
gas we use comes from right here in North America. On the other
hand, 70% of the oil we use is imported.
We Export about $1.7
billion per day to pay for this foreign fuel, adding to our trade
deficit and weakening the dollar. By using domestic natural gas, we
strengthen both our nations economy and energy security - keeping
jobs and revenues at
home.
| |
