- #1
Adrock1795
Natural Gas, It's the only logical substitute to Crude Oil. The mechanics of the vehicle are almost identical to gasoline, base infrastructure is already in place (pipelines), Although the major Oil producers also produce Natural gas, the US has reserves that match that of Saudi Arabia and UAE.
21% of all electricity in the US is produced by Natural Gas, 50% by Coal, 1% by petroleum
I don't get what the point is to use electricity created from natural gas to run a car, and not just use natural gas itself.
Just look at the numbers (all data from eia) This is just a rough estimate, world reserves accuracy isn't validated, and prices don't account for the different grades of product
NYMEX->1/21/09
Price
Oil - $40.34/barrel
Ngas-$4.6350/mbtu
Diesel-$1.3656/gal
Gasoline-$1.1340/gal
World Reserves
Oil- 1,332,000,000,000 barrels
Naturalgas- 61,941,925,400,000 mbtu
Market Cap
Oil-----$53,732,880,000,000
Ngas--$287,100,824,229,000
Total World btu
Oil-----7,725,600,000,000,000,000
Ngas--61,941,925,400,000,000,000
btu/$1
Oil-----143,777
Ngas---215,749
diesel---109,614
gasoline-110,229
21% of all electricity in the US is produced by Natural Gas, 50% by Coal, 1% by petroleum
I don't get what the point is to use electricity created from natural gas to run a car, and not just use natural gas itself.
Just look at the numbers (all data from eia) This is just a rough estimate, world reserves accuracy isn't validated, and prices don't account for the different grades of product
NYMEX->1/21/09
Price
Oil - $40.34/barrel
Ngas-$4.6350/mbtu
Diesel-$1.3656/gal
Gasoline-$1.1340/gal
World Reserves
Oil- 1,332,000,000,000 barrels
Naturalgas- 61,941,925,400,000 mbtu
Market Cap
Oil-----$53,732,880,000,000
Ngas--$287,100,824,229,000
Total World btu
Oil-----7,725,600,000,000,000,000
Ngas--61,941,925,400,000,000,000
btu/$1
Oil-----143,777
Ngas---215,749
diesel---109,614
gasoline-110,229