Robert D.

New Technology Makes Natural Gas a Viable Replacement for Oil

While predicting that a commodity with a lower price and cost to the producer is "the right" substitute to oil, the problem is the infrastructure and national acceptance. Then you have to allocate as to what that energy can be used, transportation, or industrial or residential energy?

Companies will only invest in "new energy sources" if it makes sense = they need to make a long-term profit. As soon as NG prices drop lower you will find a lot of E&P companies decreasing their funding drastically. If oil drops any lower, we will go back to thinking "we have plenty of oil, because prices are low."

We have to plan and allocate resources to R&D for these new technologies while oil is still cheap (yes, $80 is cheap).

My one concern for NG, is how safe is it to transport?