Oil
Oil is regarded by some as being the modern lifeblood of the United States’ economy. Presently, it supplies more than 40 percent of total energy demands and more than 98 percent of the fuel used in cars and trucks. Political decisions to focus on the development of alternatives may provide international challenges as transportation is one of the fastest-growing energy demand sectors and the one associated most closely with oil. This critical point is interesting for oil investors because although many different fuels can be employed to produce electricity, the same is not true right now for transportation; globally, 98 percent of transportation still runs on fuel made from oil.
Natural Gas
According to many analysts natural gas will meet a growing share of our energy needs through 2030. Given its abundance and properties as a clean-burning fuel, expanded use of natural gas in power generation can serve economic progress and help advance environmental goals as well. It was not economically feasible to extract natural gas from unconventional sources until recently; however, the emergence of advanced drilling technologies has enabled the economic recovery of a resource once believed to be unreachable. Many industry observers believe the environmental and economic benefits of natural gas are demonstrable, and as the cleanest burning fossil fuel, the potential to reduce the harmful emissions generated by oil and coal is compelling. With an estimated 100 years supply at current production rates, natural gas has emerged as a strong energy choice in creating a secure and stable energy future.
Excerpt from recent article in Gas Investing News.
Oil is regarded by some as being the modern lifeblood of the United States’ economy. Presently, it supplies more than 40 percent of total energy demands and more than 98 percent of the fuel used in cars and trucks. Political decisions to focus on the development of alternatives may provide international challenges as transportation is one of the fastest-growing energy demand sectors and the one associated most closely with oil. This critical point is interesting for oil investors because although many different fuels can be employed to produce electricity, the same is not true right now for transportation; globally, 98 percent of transportation still runs on fuel made from oil.
Natural Gas
According to many analysts natural gas will meet a growing share of our energy needs through 2030. Given its abundance and properties as a clean-burning fuel, expanded use of natural gas in power generation can serve economic progress and help advance environmental goals as well. It was not economically feasible to extract natural gas from unconventional sources until recently; however, the emergence of advanced drilling technologies has enabled the economic recovery of a resource once believed to be unreachable. Many industry observers believe the environmental and economic benefits of natural gas are demonstrable, and as the cleanest burning fossil fuel, the potential to reduce the harmful emissions generated by oil and coal is compelling. With an estimated 100 years supply at current production rates, natural gas has emerged as a strong energy choice in creating a secure and stable energy future.
Excerpt from recent article in Gas Investing News.
