NIRPC is sponsoring a ONE day expo. Valuable information is available to transportation professional regarding the latest clean fuels and engine technologies that will improve air quality in Northern Indiana.
Where: Porter County Expo Center – 215 East Division Road Valparaiso, IN 46383 ( Get Directions )
When: Tuesday June 8th (10 am- 3 pm) Lunch will be severed at noon.
This event is FREE however advanced registration is requested by Friday June 4th.
Please contact SSCC at 219-365-4289 or email@example.com
Source: The American
The 20th century was the century of oil. Wars were fought over it, and the outcomes of the century’s biggest conflicts hinged on the stuff. In World War I, for instance, Churchill’s conversion of the British Navy to oil gave the crown’s ships supremacy over German vessels. In World War II, when the Nazis and Japanese each failed to secure supplies of oil, they were doomed. Later, President Ronald Reagan, CIA Director William Casey, and America’s Middle Eastern partners manipulated global oil production to bankrupt the Soviet Union and win the Cold War. In the first half of the century, oil policy served as the catalyst for military victory. In the second half, oil helped propel the greatest economic expansion in the history of the world, and liberated mankind from the tyranny of immobility.
All hail oil! But not too much, because the 21st century won’t be defined by oil. It is more likely to be defined by a different fossil fuel: natural gas…
…Natural gas may also change how we drive, and enable ordinary consumers to break oil’s monopoly on transportation. As my colleague, Peter Huber, notes in a recent Manhattan Institute report, “Gas-handling technologies [have] improved quite enough to make natural gas a practical alternative” to oil. After all, gas is cheaper than gasoline and diesel per unit of energy. That’s why large stationary power plants that used to run on oil switched to natural gas long ago.
The chief obstacle to developing a natural gas infrastructure capable of supplying service stations and highway rest stops is regulatory. If that is removed—and here we do need government action—we could expect to see trucks, buses, and cars running on natural gas in a relatively short period of time. The reduction in greenhouse gas emissions would be considerable.
We may also see continued inroads of gas into the electricity-generating sector (which can also affect transportation as we move to hybrid and electric vehicles). Gas emits about half as much carbon per unit of energy as coal. With worries about long-term gas supplies allayed, expect regulators and utilities to favor construction of new gas-fired power plants over controversial coal plants, which are more expensive to build anyway. This same thing happened during the 1990s, and gas shot to a 20 percent share of America’s electricity economy as a result.
Read the whole thing… then add your comment below, or over at our Facebook page. What do you think – is LNG a viable transportation fuel, or will it always be relegated to highly controlled and well-maintained systems like power plants – venturing out on the roads only in bus fleets and corporate utility companies?
Ever wonder what exactly is in a barrel of oil?
Product Percent of Total
- Finished Motor Gasoline 51.4%
- Distillate Fuel Oil 15.3%
- Jet Fuel 12.6%
- Still Gas 5.4%
- Marketable Coke 5.0%Â
- Residual Fuel Oil 3.3%
- Liquefied Refinery Gas 2.8%
- Asphalt and Road Oil 1.9%
- Other Refined Products 1.5%
- Lubricants 0.9%
One barrel contains 42 gallons of crude oil. The total volume of products made from crude oil based origins is 48.43 gallons on average – 6.43 gallons greater than the original 42 gallons of crude oil. This represents a “processing gain” due to the additional other petroleum products such as alkylates are added to the refining process to create the final products.
Additionally, California gasoline contains approximately 5.7 percent by volume of ethanol, a non-petroleum-based additive that brings the total processing gain to 7.59 gallons (or 49.59 total gallons).
From the Land of the White Squirrel, futures trading has driven the Natural Gas market to a two-year low.
From Olney Daily Mail
Heating prices will drop sharply
By Mary McGlasson and Associated Press
Natural-gas futures fell 10 percent to a two-year low Thursday after U.S. government data showed record supplies.
As a result, Richland County homeowners who depend on natural gas for heat should see lower gas bills this winter, assuming normal temperatures.
â€œWe are optimistic that prices will be quite a bit lower than last winter,â€ said Darin Houchin, General Manager of Illinois Gas Company.
Houchin said supplies are at record highs because there were no hurricanes or other such events during the summer.
Oil prices were weighed down by the sharp sell-off in natural gas, which analysts attributed to the rising inventory of fuel, slack demand and receding fears about possible Gulf of Mexico supply disruptions during this year’s waning Atlantic hurricane season.
October natural-gas futures fell 55.7 cents to settle at $4.892 per 1,000 cubic feet on the New York Mercantile Exchange. The last time front-month natural-gas futures settled below $5 was Sept. 16, 2004.