Imagining a World of US Oil Exports
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  • rheddles

    Saying that energy independence is a myth as long as America is powered by oil is to make a big assumption. It is not at all unlikely that major portions of our energy consumption will switch to natural gas from oil. And natural gas is not nearly as easily a traded commodity as oil. About half of our oil is used for transportation. It is not hard to foresee our fleet converting to natural gas over a 20-30 year period. At that point, while we might still export and import in various locations for economic reasons, we would, for all intents and purposes be energy independent.

    With CNG today selling at retail nationally for any where from $1.00 to $3.00 per gasoline gallon equivalent, I would convert my beater in a heartbeat if there were a station near me.

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