Many Americans think of the shale revolution as all about oil. Those thousands of wells bring up plenty of oil, after all. But they also bring up a treasure trove of natural gas, Fuel Freedom Foundation co-founder and chairman Yossie Hollander told Atlanta radio station WCFO recently.
We hope you’re enjoying cheap gasoline for the holidays. Because the party will end sooner or later, and the hangover will be a doozy.
Fuel Freedom Foundation chairman Yossie Hollander delivered the keynote address Nov. 16 at a discussion hosted by the Hudson Institute in Washington, D.C., called “U.S.-China Energy Cooperation: Risks, Opportunities, and Solutions.”
We’re headed to the L-NGV2015 conference in San Diego, where natural gas will be in the spotlight.
Natural gas has been getting a lot of attention lately, because the United States is producing so much of it. As Jude Clemente wrote in Forbes earlier this month:
U.S. proven natural gas reserves continue to soar to record highs. We now have some 360 Tcf [trillion cubic feet] of proven gas in the ground, recoverable under current market conditions, experiencing increases of 5-8% per year. Driven by the Marcellus shale play in the Appalachian Basin, Pennsylvania and West Virginia have registered the largest gains, with both state reserve totals more than quadrupling since 2010. In fact, Pennsylvania and West Virginia have accounted for about 60% of new U.S. gas reserves since 2008, although mighty Texas continues to plug along, upping its reserves by 20% since then.
The surge has occurred despite a steady decline in prices. Henry Hub spot prices are about $2.80 per million British Thermal Units, down from an average of $8.86 per MMBtu in 2008, as Clemente notes.
NG is running about 70 percent lower in price than the equivalent amount of oil, even with oil’s precipitous drop from last summer. That’s what makes natural gas an attractive alternative for transportation fuel.
Much of the discussion at L-NGV2015 will center on compressed natural gas (CNG) and liquefied natural gas (LNG), which is being used in municipal fleets (official vehicles and transit buses) and industrial trucking (delivery, garbage-hauling) around the country. These fuels not only cost less than gasoline and diesel, they burn much cleaner, which is better for air quality and the environment.
Natural gas can also be converted into alcohol fuels to run in the cars, trucks and SUVs driven by the rest of us.
NG is “very, very cheap, and we need to take advantage of that,” Fuel Freedom co-founder and chairman Yossie Hollander said recently during a discussion about energy in Israel. “The greatest opportunity is a transportation one. Using a natural-gas product, whether compressed natural gas, liquid natural gas, ethanol from natural gas – you can make ethanol from natural gas, and another fuel called methanol – if we use all of them in transportation to replace oil, this will replace a $3 trillion industry around the world.”
We’ll be presenting more about this topic at L-NGV2015. Check out our Twitter feed (@fuelfreedomnow) for regular updates.
Fuel Freedom Foundation Chairman and Co-Founder Yossie Hollander appeared on the Newsmax TV program “America’s Forum,” hosted by former Congressman J.D. Hayworth, to discuss fuel choice and what’s needed to achieve it.
Michael Leven, Chairman and Chief Executive Officer of Georgia Aquarium, and a longtime supporter of philanthropic endeavors, has joined Fuel Freedom Foundation’s board of advisors.
Fuel Freedom Foundation co-founder and chairman Yossie Hollander was interviewed on Sean Hannity’s radio show on Jan. 13 about oil money and how it funds extremist groups and terrorism. Read more
Dennis Prager interviews Yossie Hollander on “PUMP The Movie”
Fuel Freedom co-founder and Chairman Yossie Hollander guided PUMP the movie to a successful weekend in Atlanta, hosting two Q&As after Friday night’s and Saturday night’s showings at the historic Plaza Theatre.
He also promoted the film and its message on radio, appearing on both WMLB-AM1690 (“The Voice of the Arts”) and its sister station, WCFO-AM1160 (“The Talk of the Town”). You can listen to the first interview below:
During the segment, Hollander was asked how he got involved with PUMP, a project more than two years in the making.
He answered: “We realized long ago that oil is one of the toughest problems we have. We are funding our enemies, but it’s mainly a burden for the American people. It’s the air we breathe. The brown cloud you see above Atlanta is not from coal, it’s from oil.
“And mostly it’s the burden on our pockets. Families really suffer, and we figured out this is the biggest problem that we can solve. If we can do it with cheaper American fuels, we can actually change America.”
Here’s the second interview, on WCFO, which aired Saturday and Sunday:
PUMP premiered in September and continues to play in theaters around the country. This week it debuts in Tucson, Anchorage and Brunswick, Maine. Visit PumpTheMovie.com for theaters and times, and to buy tickets.