A Quote by Gina McCarthy
People are not running to build coal facilities because of the price of natural gas, but we do see them being constructed, and there is an interest in fuel diversity, so we took the exercise pretty seriously.
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Today, natural gas now outstrips coal as the leading provider of electricity in America. If this is as big as people believe it is, natural gas will soon be powering trucks and marine ships. Maybe even standard commercial cars that people use at home through compressed natural gas, other gas to liquids. The potential is there for more energy independence by America and a reliance on cleaner fuel - natural gas emits half as much as coal, in terms of carbon emissions. That's a real bounty.
Compared to coal, which generates almost half the electricity in the United States, natural gas is indeed a cleaner, less polluting fuel. But compared to, say, solar, it's filthy. And of course there is nothing renewable about natural gas.
Natural gas will displace coal in power generation. Getting natural gas into the transportation fleet is harder. It works best for vehicles that work from centralized fueling facilities like trucking fleets or buses and cabs. That is happening. Before it can make big inroads beyond that, infrastructure is going to need to be developed.
The blockade against American natural-gas exports needs to be lifted, and the war on coal needs to be ended, so that, instead of being wasted to replace perfectly good coal-generated electricity, our natural-gas exports can be expanded even further.
We need fuel diversity as far as the generation of electricity because you can only get so much natural gas through the pipelines.
Natural gas obviously brings with it a number of quality-of-life environmental benefits because it is a relatively clean-burning fuel. It has a CO2 footprint, but it has no particulates. It has none of the other emissions elements that are of concern to public health that other forms of power-generation fuels do have: coal, fuel oil, others.
The great thing about cheap natural gas, again it's cheap, and it provides a cleaner alternative to coal. But it's still a fossil fuel, and because it's still a fossil fuel, it still emits carbon.
Coal used to be a very dirty fuel but coal has become cleaner and cleaner over the decades. Clean coal now is quite clean. Clean coal now has the same emissions profile as natural gas. Clean coal can become cleaner still. We can take even more of the pollutants out of coal and I believe we should. Clean coal, I think, is the immediate answer to Canada's energy needs and the world's energy needs. There are hundreds of years available of coal supplies. We shouldn't be squandering that resource. We should be using it prudently.
First of all, the idea that natural gas is better than coal is a lie, especially when it comes to fracking for natural gas. It is a lie that was bought into by a lot of Democrats and a lot of environmentalists because I think they wanted to have a win against something; against coal.
Conoco will build a $75 million plant to see if a process to convert natural gas to liquid fuel is profitable. It has to be. In California, gasoline is so expensive that people are trying to run their cars on cocaine.
Natural gas emits only half the carbon dioxide of coal when burned, but if methane leaks when oil companies extract it from the ground in a sloppy manner - methane is far more potent a greenhouse gas than carbon dioxide - it can wipe out all the advantages of natural gas over coal.
We've recognized that natural gas would be the fastest-growing of the conventional fuels: oil, natural gas, coal. And so, we see the important role that natural gas will play globally and, more importantly, the important role it will play in the U.S. in terms of meeting future energy demand.
Natural gas is the best transportation fuel. It's better than gasoline or diesel. It's cleaner, it's cheaper, and it's domestic. Natural gas is 97 percent domestic fuel, North America.
Because America is the Saudi Arabia of natural gas. We have the world's largest reserves of natural gas, and the world's most sophisticated production and storage facilities, by a wide margin.
So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.
One of the industries we follow very closely is the trucking industry. They would love if today there was an option for them to run their fleets on natural gas, because of the price disparity between oil and refined diesel - which they almost exclusively run on now - and natural gas.
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