>Nobody is talking NG fired cars anymore
IMO that's because newer big players like Exxon/Mobil can sit on their NG holdings while selling their crude at high market prices. The NG infrastructure isn't built yet and IMO won't be till big oil wants it, or is forced into it. IMO The US is awash in NG right now or the prices would be a lot higher. Exxon bought in a couple of years ago in a big way. Just recently, Chesapeake Energy is selling a big part of itself to BHP. IMO all Mr.Obama needs to do is show he's serious about building a NG infrastructure. Just like the one UPS is building. The auto companies already know how to build such cars. UPS is starting to recognize such benefits of NG as a fuel.
finance.yahoo.com
FACTBOX-Top 10 U.S. natural gas producers
Mon Dec 14, 2009 4:36pm EST
Dec 14 (Reuters) - Exxon Mobil Corp (XOM.N) looks to become
the top natural gas producer in the United States with its bid
to buy XTO Energy Inc XTO.N.
The following lists the largest producers of natural gas in
the U.S. as of the second quarter 2009, according to data
compiled by the Natural Gas Supply Association based on
published company reports.
U.S. Natural Gas Production
in million cubic feet per day (mmcfd)
Jan.-June 2009
1. BP (BP.L) 2,337
2. Anadarko Petroleum (APC.N) 2,325
3. XTO Energy XTO.N 2,290
4. Chesapeake Energy (CHK.N) 2,210
5. Devon Energy (DVN.N) 2,130
6. ConocoPhillips (COP.N) 2,108
7. Encana Corp (ECA.TO) 1,663
8. Chevron Corp (CVX.N) 1,387
9. ExxonMobil Corp (XOM.N) 1,243
10. Williams Cos Inc (WMB.N) 1,202
(Reporting by Eileen Moustakis; Editing by Marguerita Choy)
>I am not too put out because cellulosic ethanol should be ready by September.
I started the $2 or higher gas - Can ethanol make a comeback? board at SI when the infrastructure wasn't built. Guess what, the infrastructure is now built. Mostly thanks to Uncle Sam. At first to be run from corn and now the beginnings from Cellulosic ethanol. IMO A fuel infrastructure can be built fast, as I saw with ethanol. Many east coast states are putting Americans back to working in finding gas. This IMO is step in the right direction how the states can help resolve their budgets crisis. This by attracting NG drillers to their states (incentives by ending moratoriums). We have the technology and know how to do it safely and environmentally friendly. I can only hope our new Governor of NY will be business friendly to the NG industry. Just like the NIKE saying, JUST DO IT. |
