[sydneysider]

This IS a very good idea, aand it will have a major impact on our import of foreign oil, especially for use as diesel fuel. We consume 3 million barrels per day utilized for diesel consumption, much of which goes into long haul transportation.

This type of legislation will have a substantial impact on reducing oil imports.This will spur industrial development, that is conversion and maintenance of diesel trucks to run on compressed gas and build out of a supply system along major freeways at truck stops. On a run from Atlanta to Miami which is 660 miles or 1,320 miles round trip consumes 1,320 miles @ 8 mpg = 165 diesel gallons at US$4.00 per gallon = $660.00. Compressed gas will probably shave this by several hundred dollars. Spot nat gas is currently priced at half the cost of diesel fuel per energy equivalent, so cannot guess the retail price BUT it will be much cheaper than foreign oil AND it will be very stimulative to local gas production and transportation fleets. Assuming you get 10% penetration of transport fleet within the first year you save 109,500,000 barrels and shave US$10.95 billion annualized, that is paid out to foreign oil sources PLUS you create tens of thousands of good paying, home grown jobs across the country.

This is NOT like building windmills or solar panels. IF we convert half the fleet in 5 years we save 547.5 million barrels or around $55 billion per year on our oil bills PLUS the kick in effect on smaller vehicles takes hold, where cars and small trucks switch over. Again assuming similar penetration rates on smaller vehicles we end up with total cuts on imports approaching several million barrels per day within the first year or two. This will have a major impact on reducing oil prices.

[mnehring]

Well, if you believe this is such a good idea here is what you should do. Take every single credit card offer you get in the mail, max out every single one with cash advances. Take out two or three mortgages on your home, and invest in it.

Why not, that is what this bill is having the government do to the American people.

If you aren’t willing to do this yourself, why do you think it is OK for the government to do this to everyone?

[yadent]

It all sounds good. Questions—What is the present proven reserves for NG in the US? I know as of 2008 it was around 290 trillion cubic feet. I have read that the US uses around 20 trillion cubic feet of NG a year now. If all cars, trains and trucks are converted to NG could that not double the US’s present usage(to 37 trillion cu/ft/yr)given NG requires 126 cu/ft per gallon of gasoline energy equivalent, US consumes 370 million gallons of fuel per day which would be 48 billion cu/ft/day of NG or 17 trillion cu/ft/yr just for said cars,trains, and trucks, how long would our present known reserves last? Would we be able to drill for more given the present political climate? How long would today's ‘low ‘ price for NG remain and what could it ramp up to? NG futures were nearly triple in 2005/2006 of what they are today. Before we give any more taxpayer monies we should have some answers.