Natural Gas

Why Natural Gas-Powered Vehicles Are Catching On

5/6/13
from Bloomberg Businessweek,
5/2/13:

The shale revolution, which in recent years turned fracking into a household word and the U.S. into the world’s second-largest natural gas producer, is only half a revolution. It increased supply enough to meet current U.S. consumption for 100 years. To truly upend the global energy balance, the U.S. must also revolutionize demand. And the only way to do that is to get natural gas into what has always been the greatest prize: light trucks, 18-wheelers, government and delivery fleets, and, of course, private cars.

More than 1,000 natural gas fueling stations already dot the U.S., with about half open to the public and the rest serving fleets. There are about 120,000 natural gas-powered vehicles on U.S. roads today and more than 15.2 million worldwide, according to Natural Gas Vehicles for America, an industry-funded trade group. By 2019 the number of natural gas consumer vehicles worldwide will rise to 25 million, says Navigant Consulting. “This is early days, but we’re on the brink of one of those tectonic shifts that occur every 100 years in the energy game,” says Kirt Montague, chief executive officer of Plum Energy, which develops fueling networks for trains, ships, and drilling rigs powered by natural gas.

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