So, in which company does one invest? Ultra Petroleum stock (UPL) price has gone down the toilet recently and they are a MAJOR company in getting natural gas out of the ground.
As these natural gas fueling stations increase and gas becomes more prevalent what happens when these bombs on wheels get in accidents?
Nothing like pressurized gas in a burning flipped over vehicle.
I visited my company office in Oklahoma City and a bunch of the guys in the office had converted their pickup trucks to CNG. It seems very regional in its availability.
There is nothing available on the market that comes close to diesel in terms of BTU's per unit volume or BTU's per unit weight. There will have to be a very big difference in price for LNG or CNG to replace it.
The solution is spelled out as either or. That does not properly address the reality.
I believe the shake out will be both diesel and CNG. It will be an evolutionary process.
The long haul interstate freight lines will migrate towards CNG. The independents and company owned vehicles will remain diesel.
conversions to CNG makes lots of sense due to
1. cheaper price per BTU
2. abundance of supply(enough for many generations already found, and more to inevitably to come)
3. diversity of fuel for US
4. cleaner-burning fuel will “clear the air”
all will not convert as it is a bit tricky to implement a nation-wide system.
Will start on centrally-located fuel stops like port authorities and bus stations, then spread to just the IH systems to accommodate the big rigs.
In all, it should take a prominent part of any strategic energy plan this nation adopts.
Too bad enviro-wackos, it will replace many of those expensive, taxpayer-subsidized grandiose failures in renewables you have been wasting our bucks on for all these years.