Friday, June 3, 2011

"Natural gas the next green hope"

Gwyn Morgan, the retired founding CEO of Encana Corporation, shares his views on alternative fuels. There are significant problems with hydrogen, biofuels, and electric-powered vehicles.
But there is an alternative fuel that can make a difference, and it’s another hydrocarbon. Natural gas is powering many South Korean vehicles and the so-called Green Highways Project brings together South Korea, China, Thailand and 17 other Asia-Pacific countries in a massive strategy for natural-gas-powered vehicles.

In North America, four factors promise to make natural gas a viable alternative to oil-based fuels. First, revolutionary technology is unlocking enormous new supplies of shale gas. Second, unrest in North Africa and the Middle East has underlined U.S. oil-supply vulnerability. Third, there are clear environmental advantages to clean-burning natural gas (which emits 25 per cent less carbon dioxide than diesel). Fourth, there have been major advances in natural gas fuel technology.

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