October 2012

Trends and Resources

HP Impact: Natural gas vehicles could be gaining traction

Natural gas vehicles could be gaining tractionA new report from PIRA Energy Group says that the sheer volume of US recoverable gas resources relative to expected demand suggests that benchmark Henry H..

Thinnes, Billy, Hydrocarbon Processing Staff

Natural gas vehicles could be gaining traction A new report from PIRA Energy Group says that the sheer volume of US recoverable gas resources relative to expected demand suggests that benchmark Henry Hub gas prices will remain deeply discounted relative to oil prices beyond this decade. Furthermore, the lengthy period of low-cost gas relative to oil has tremendously broadened support for the view that inexpensive North American gas is here to stay. According to the report, by employing off-the-shelf technologies, consumers could be able to accrue substantial savings given the latent expected price advantages of natural gas vs. diesel. Such savings can also be attained in the transportatio

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