Greenhouse Gas

The surprise Northeaster blowing across the eastern United States may have confirmed the final bottom for hibernating natural gas and coalbed methane (CBM) company shares. The winter storm followed this past Tuesday s Energy Information Administration (EIA) Short-Term Energy & Summer Fuels Outlook.

The EIA forecast higher natural gas prices, this summer, while spot WTI crude oil prices are expected to decline. On an annual basis, the Henry Hub spot price is expected to average about $7.83 per mcf in 2007, an 89-cent increase from the 2006 average, and $8.11 per mcf in 2008. The EIA expects summer 2007 natural gas prices to rise by 17.7 percent over the past summer. For this year, natural gas prices would increase

by 12.8 percent over 2006.

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The number of people having LP gas conversions for their cars in Melbourne, Australia has gone through the roof. And justifiably so say Melbourne s 101 or so LP gas conversion business.

I’ll get to why they think this is so in a moment, but for now, let’s discuss the key terms.

What Is LP Gas?

LP Gas (which stands for “Liquefied Petroleum” Gas) is a gas that’s produced when crude oil is turned into petrol. It’s produced quite early in this process, so it’s quick and theoretically costs less money for the oil companies to produce.

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The quest to develop the best solution to greenhouse gas emission and fuel consumption reduction has lead to partnerships between companies within the auto industry and among other industries as well. Car manufacturers even teamed up with the U.S. government to develop vehicles which not only consumes less or no fuel but also reduces or eliminates the emission of greenhouse gases.

Recently, another partnership has been forged with the aim of developing a vehicle that will be promoted as a solution to the increasing price of gasoline and the threat of global warming. UQM Technologies, one of the leading manufacturers of electric motors, and Phoenix Motorcars, a manufacturer of battery powered vehicles, have joined forces so as to

create a plug-in hybrid sport utility truck.

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Australia is a vast land, the bulk of our population, largely hugs the coastlines and major cities. Millions of square kilolmetres of uninhabited land, sprawls silently, from coast to coast. But this land is a sleeping giant. Beneath the surface of our deserts is a resource for renewable, clean energy, that has only recently been tapped and tested by a private company, “Geodynamics”, who have developed a very simple technology to tap the “Hot Rocks” that seethe deep below the surface. Australia is a very ancient land mass, but hidden in its depths, the deep, heated by pressure, rock layers, offer a brilliant free and clean solution to a renewable energy resource. Geodynamics has drilled into these

layers of hot rocks and experimented with pouring water into them. The water seeps into the natural cracks and crevices, is heated by the surrounding rocks and the steam is released to the surface via the drilled channels. The pressure of the steam released by large enough “chimneys” could be enough to soar thousands of metres into the sky. That is AWESOME power!The steam is piped to a nearby plant and drives turbines, thus creating electricity. The vapour and water is returned and recycled back into the rocks, thus creating a completely closed, clean, nonpolluting, continuously self- generated system.

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During President George Bush s State of the Union Address in January this year, he pointed out that one of his administration s goals is energy independence for the country. He also promised to earmark a huge amount of funding for the development of alternative fuels which will reduce the United States dependence on oil-producing countries.

This announcement was followed by the President s visit to the assembly plants of General Motors and Ford. The president also met with chief executive officers from Ford, General Motors and Chrysler as evidence of his dedication to making the United States energy independent. While the Twenty in Ten goal announced by the President is supported widely by U.S. car

manufacturers, General Motors Vice Chairman Bob Lutz seems to have taken a step back from the administration-inspired global climate-change mania .

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