Fuel Freedom Foundation policy manager Gal Sitty discussed shale gas and how it could reduce transportation costs and emissions as part of the Hudson Institute’s symposium “America’s Future Natural Gas Economy: Promoting the Next Energy Breakthrough” in Washington, D.C., on Wednesday.
During his presentation, Sitty laid out the case for taking a portion of that cheap, plentiful, U.S.-produced natural gas and turning it into fuel for vehicles:
“The price of natural gas is low now, and has been low, and there’s an abundance of it in the U.S., and there’s expected to be an abundance of it for many, many years — decades — to come.”
Natural gas is under $2 per million British Thermal Units of energy created nowadays, down from just shy of $5 two years ago. Oil stands at more than $8 per million BTUs. As Sitty noted, citing the U.S. Energy Informationa Administration, that price differential is expected to keep growing over the next 20 years, making gas even more attractive as a “feedstock “for fuel.
The technology to process natural gas has “been around for a long time, and have been used and proven, and can create a cost-competitive fuel at the pump for consumers,” Sitty said.
About 21 million flex-fuel vehicles on the road today can run safely and efficiently on any blend of ethanol up to E85. Ethanol is not only a cheaper alternative to gasoline, it produces fewer emissions — not only greenhouse-gas emissions that trap heat and contribute to climate change, but “criteria” emissions like particulate patter that form air pollution.
You can view the PowerPoint, and watch the full discussion here:
- Fuel Freedom’s two papers included in Hudson’s “Future Fuels” report
- How natural gas could become a mainstream transportation fuel
- Natural gas touted as the next ‘alternative fuel’ at San Diego confab
- Yossie on Fox News: Natural gas a solution to oil dependence