May 10, 2011 | 83 comments
The president has talked up natural gas — yet he remains silent about the bipartisan NAT GAS Act.
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• Our current domestic oil production averages just under 9 million barrels per day.
• Even if we increase production to the highest levels possible in the Bakken, Williston, Permian and Devonian as well as open the ANWR and all other Alaskan sources to full capacity drilling, we will only reach up to approximately 13 million barrels per day.
• Even assuming we are able to physically recover this much oil, we don’t have the infrastructure to move it to the refineries and the refinery capacity to convert it to fuel.
• By the time we are able to reach full production and build the necessary infrastructure, demand will have increased to a net neutral at best.
Now consider natural gas as a personal transportation fuel:
• The technology exists and the ability to convert all types of vehicles is very easily accomplished in only a few hours.
• The Marcellus shale field holds enough proven recoverable natural gas to fuel all of our transportation needs as well domestic electrical generation needs for the next 200 years.
• The Devonian Shale in Louisiana holds at least as much recoverable gas as the Marcellus.
• Natural gas burns in the form it is recovered so it doesn’t require refinement.
• With proper filtration, natural gas can be used as it comes out of the ground.
• The natural gas pipeline infrastructure already exists under 70% of the roadways in America, so moving natural gas to market is not a problem.
• Natural gas burns clean, emitting 30% less CO2 than oil based fuels.
• The cost of natural gas is low so it won’t inhibit the fragile U.S. economic recovery.
• Converting even 50% of our personal use vehicles to natural gas can happen in the next 5 to 8 years and will easily decrease our daily demand for oil by 6 million barrels per day.
ONE WEEK AFTER Obama’s energy policy speech, a bi-partisan group of more than 150 Members of Congress introduced HR.1835, with Rep. John Sullivan (R-OK) as the primary sponsor. The NAT GAS Act (New Alternative Transportation to Give Americans Solutions) Act, is the culmination of efforts of T. Boone Pickens to promote his “Pickens Plan” for changing the focus of American energy consumption. The NAT GAS Act provides incentives for using natural gas in vehicles, purchasing natural gas vehicles, installing natural gas refueling stations, and producing natural gas vehicles in America.
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