Natural gas vehicles would cut oil imports
By T. Boone Pickens
And Sen. Orrin Hatch
By T. Boone Pickens And Orrin Hatch
Updated: 10/14/2009 04:39:57 PM MDT
Utah is noted for its clear skies, the Colorado Plateau, the Rocky
Mountains, the Great Basin and the Great Salt Lake. Much of Utah is
sparsely populated, but in the population centers, air pollution was
becoming a serious problem. And the problem resulted from the fuel used
to run cars, trucks and buses.
According to the U.S. Department of Energy, "about half of all air
pollution and more than 80 percent of air pollution in cities are
produced by cars and trucks in the United States."
We have been in and around legislatures long enough to know that it is
rare that a problem gets fixed in one bill. The CLEAR Act, adopted as
part of the Energy Policy Act of 2005, provided for tax incentives to
people and companies which purchased vehicles powered by any of the
following: hybrid-electric, battery-electric, natural gas, or fuel
cells. It also contained a federal tax credit for commercial alternative
fuel refueling sites.
The CLEAR Act took three tries to get through. It was a good start and
it had some of the desired effects. But it did not have the effect of
jumpstarting the move to natural gas as a major transportation fuel.
The introduction on July 8 of the NAT GAS Act -- Senate Bill 1408 --
will provide the extra push needed to spur greater use of natural gas
and to get more natural gas vehicles on our roads. A companion bill in
the U.S. House of Representatives has nearly 90 co-sponsors representing
both parties.
America is
blessed with natural resources. Many of them have been badly used over
the decades and centuries and are being depleted. An exception to that
is natural gas.
Every study of natural gas reserves indicates we have not just an
abundance, but a super-abundance of natural gas in traditional fields
and in shale deposits under Texas, Arkansas, Louisiana and Appalachia.
The most recent study showed that the amount of energy stored in our
recoverable natural gas reserves exceeds the amount of energy in all of
the oil in Saudi Arabia. That mean we are closer than ever to energy
independence, but only if we have the national will to utilize our
natural gas reserves.
Natural gas is much cleaner than gasoline and produces virtually no
particulate emissions, unlike vehicles burning diesel. And unlike some
other non-petroleum fuels, natural gas is a proven technology. In fact,
over 10 million vehicles in the world run on natural gas. But only about
130,000 of those are in the U.S.
The first barrier people raise when we discuss natural gas as a
transportation fuel is that there are so few refueling stations. That is
true for passenger vehicles, but not for trucks and fleet vehicles.
Over-the-road trucks -- 18-wheelers -- generally run the same routes day
in and day out. Even cross-country drivers tend to stop in the same
places to refuel, eat and rest. Municipal and school buses; fleet
vehicles like express delivery trucks and state, county and city
vehicles; and refuse and recycling trucks all generally go to the same
garage or parking lot each night where they can easily be refueled.
There are about 6.5 million heavy trucks on America's highways.
Upgrading just 350,000 of them would reduce our oil imports by nearly 5
percent. In August 2009, we spent approximately $25 billion on oil
imports. That's 355 million barrels imported, or approximately 60
percent of our oil. Five percent of that would have kept over $1.2
billion recycling through the U.S. economy instead of the economies of
countries like Saudi Arabia, Venezuela, Angola and Nigeria, which are
among the seven largest exporters of oil to the U.S. The NAT GAS Act is
the next step in a crucial effort to reduce America's dependence on
foreign oil. We are pleased to have joined in a public-private
partnership to support this important concept.
T. Boone Pickens is chairman and CEO of BP Capital, which operates
energy-focused commodity and equity funds. He is also the largest
shareholder in Clean Energy, which is the biggest provider of vehicular
natural gas in North America. Orrin Hatch represents Utah in the U.S.
Senate.
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