North America
With the recent increase in natural gas production due to widespread use of fracking technology, many countries, including the United States and Canada, now can be self sufficient and are indeed substantial net exporters of natural gas. Natural gas prices have decreased dramatically in the past few years and are likely to decrease further as additional production comes on line. Natural gas prices have decreased from $13 per mmbtu (USD) in 2008 to $3 per mmbtu (USD) in 2012. It is likely therefore that natural gas-powered vehicles will be increasingly cheaper to run relative to gasoline powered vehicles. The issue is how to finance the purchase and installation of conversion kits. Some support may be available through the Department of Energy. Private initiatives which essentially lease the conversion equipment in exchange for slightly higher natural gas refueling can be self financing and offer considerable advantages to liquidity strapped consumers.
Read more about this topic: Natural Gas Vehicle, Implementation
Famous quotes related to north america:
“The English were very backward to explore and settle the continent which they had stumbled upon. The French preceded them both in their attempts to colonize the continent of North America ... and in their first permanent settlement ... And the right of possession, naturally enough, was the one which England mainly respected and recognized in the case of Spain, of Portugal, and also of France, from the time of Henry VII.”
—Henry David Thoreau (1817–1862)
“I knew that the wall was the main thing in Quebec, and had cost a great deal of money.... In fact, these are the only remarkable walls we have in North America, though we have a good deal of Virginia fence, it is true.”
—Henry David Thoreau (1817–1862)
“New York is a meeting place for every race in the world, but the Chinese, Armenians, Russians, and Germans remain foreigners. So does everyone except the blacks. There is no doubt but that the blacks exercise great influence in North America, and, no matter what anyone says, they are the most delicate, spiritual element in that world.”
—Federico García Lorca (1898–1936)