{"id":165,"date":"2012-02-17T23:21:28","date_gmt":"2012-02-17T23:21:28","guid":{"rendered":"http:\/\/www.shanecampbellcfo.com\/?p=165"},"modified":"2023-10-05T21:04:53","modified_gmt":"2023-10-05T21:04:53","slug":"natural-gas-is-cheap-good-or-bad-news","status":"publish","type":"post","link":"https:\/\/www.b2bcfo.com\/shane-campbell\/natural-gas\/","title":{"rendered":"Natural Gas is Cheap &#8211; Good or Bad News?"},"content":{"rendered":"<p>I have blogged on this subject before, but now things are different.\u00a0 Now some of the energy industry&#8217;s brightest minds actually agree with me.\u00a0 Natural gas is clean burning, plentiful, and as liquid natural gas (&#8220;LNG&#8221;) makes a wonderful automotive fuel.\u00a0 There is a reason that Boone Pickens, Chairman of the Board at <a title=\"Boone Pickens\" href=\"http:\/\/investors.cleanenergyfuels.com\/\">Clean Energy<\/a>, \u00a0spent over $80 million of his own money to promote the &#8220;<a title=\"Pickens Plan\" href=\"http:\/\/www.pickensplan.com\/\">Pickens Plan<\/a>&#8220;, which essentially called on America&#8217;s leaders to adopt an energy policy which focused on eliminating our country&#8217;s dependence on foreign oil and convert fleets, municipalities, long-haul trucks and other vehicles to run on LNG. By the way, I just paid $4.09 per gallon at the pump today&#8230;<\/p>\n<p>My client, American Gas &amp; Technologies has taken this concept a step further by creatiing technology which can produce LNG\u00a0at a fleet owner&#8217;s site, just\u00a0by tapping into the existing underground natural gas pipeline.\u00a0Yes &#8211; that means no trucking of fuel &#8211; a\u00a0very green and sustainable business model which can help eliminate our foreign oil dependence.<\/p>\n<p>But that&#8217;s just me talking.\u00a0 Listen to someone who&#8217;s qualifications dwarf mine in talking about clean energy technology &#8211;<a title=\"Natural Gas\" href=\"http:\/\/blog.cleantech.com\/companies\/what-does-cheap-natural-gas-mean-for-cleantech\/?mkt_tok=3RkMMJWWfF9wsRoks67BZKXonjHpfsX67O4uXLHr08Yy0EZ5VunJEUWy3YoDTNQhcOuuEwcWGog8wwBdG%2B6BeYNI\">Sheeraz Haji<\/a>, CEO of Cleantech.\u00a0 He clearly sees the light when saying:<\/p>\n<blockquote><p>&#8220;However, I\u2019m thinking there must be a flip side. Cheap and abundant natural gas should create an opportunity for creative cleantech startups. While out of favor, isn\u2019t there a strong business case for natural gas as a transportation fuel? I know of American Gas &amp; Technology and a couple other companies focused in this area, but it\u2019s not been a focal point for venture capitalists or government policy. Lack of distribution (fueling stations) is often cited as a big barrier, but can\u2019t natural gas work for fleets where routes are highly predictable? Or forklifts that are always within close proximity of a filling station?&#8221;<\/p><\/blockquote>\n<p>I firmly believe that an aggressive and protracted commitment\u00a0to the adoption of\u00a0LNG for not all, but some of our transportation needs, could have the following benefits:<\/p>\n<ol>\n<li>Clean up our air<\/li>\n<li>Reduce the price of transportation fuel<\/li>\n<li>Help spur economic recovery<\/li>\n<li>Create good, high-paying domestic jobs<\/li>\n<li>Create a bridge to the future where hydrogen is the transportation fuel of choice (LNG is the logical feedsource for creating hydrogen fuel &#8220;on the fly&#8221; since LNG is pure methane, the simplest of all hydrocarbons).<\/li>\n<\/ol>\n<p>My hat is off to the members of the CleanTech community who recognize the vast potential of LNG, wherein the past, natural gas wasn&#8217;t considered &#8220;green&#8221; enough.\u00a0 LNG is not the answer to our energy challenges, but it can be a key component, as well as a catalyst to our economic recovery.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have blogged on this subject before, but now things are different.\u00a0 Now some of the energy industry&#8217;s brightest minds actually agree with me.\u00a0 Natural gas is clean burning, plentiful, and as liquid natural gas (&#8220;LNG&#8221;) makes a wonderful automotive fuel.\u00a0 There is a reason that Boone Pickens, Chairman of the Board at Clean Energy,&hellip;<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","cybocfi_hide_featured_image":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-165","post","type-post","status-publish","format-standard","hentry","category-shanes-really-deep-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Natural Gas is Cheap - Good or Bad News? 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