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Aspen Ideas, Natural Gas, Armenia Unheralded

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  • Aspen Ideas, Natural Gas, Armenia Unheralded

    ASPEN IDEAS, NATURAL GAS, ARMENIA UNHERALDED
    RAYMOND J. LEARSY

    http://www.huffingtonpost.com/raymond-j-learsy/aspen-ideas-natural-gas-a_b_1658566.html
    07/09/2012 7:58 am

    Author, 'Oil and Finance: The Epic Corruption Continues'

    The Aspen Ideas Festival brings together as panelists/speakers
    individuals of tested competence and talent. Such was the case last
    week with a gathering of Ray Lahood, our Secretary of the Department
    of Transportation, Lisa P. Jackson, Environmental Protection Agency
    Administrator, and panel moderator the eloquent and erudite Vijay
    Vaitheeswaran (yes, I did get the spelling right) senior correspondent
    of the "Economist" taking on the subject of "What Will Fuel the
    Automobile of the Future?"

    Of course alternative transportation strategies were touched upon
    such as electric powered cars, biofuels, hybrids, as well as C.A.F.E.

    standards all of which can add significantly to the search for
    solutions to overturn our gas guzzling and fossil fuel addiction.

    Yet given the current advances, Secretary La Hood went directly to
    one of the core issues. The game changing potential of compressed
    natural gas with its attractive price and its vast reserves within
    the confines of the United States. A munificent resource accessible
    through new drilling techniques, bringing the nation to the cusp of
    energy independence. A fossil fuel, yes, but as a transportation fuel
    emitting some 25% less greenhouse gases than petroleum based gasoline,
    and now being domestically sourced and cheaper by far.

    Environmentally, in terms of national security and economically
    (natural gas at today's quoted price of $3.00 mmbtu delivers an
    energy quotient that would require crude oil to sell at $20bbl or
    less compared to today's price of $85bbl) therefore a win, win, win.

    Secretary La Hood shared with the audience his recent visit to
    Carbondale Colorado where the entire bus transport system had been
    converted from gasoline powered engines to buses fueled by compressed
    natural gas. Among early steps in a policy shift that in time will
    have broad implications for metropolitan transport throughout the
    United States. But yet, as we will see, it is only a small beginning.

    Also present was Lisa P. Jackson , the fiery and all hands on
    Administrator of the Environmental Protection Agency. Inevitably the
    issue of fracking came up given its important role in the production
    of the newly accessible shale gas resources near nationwide.

    When confronted to comment on a recent Wall Street Journal Editorial
    ("A Fracking Rule Reprieve" 06.01.12) hailing the temporary suspension
    of federal fracking regulations covering everything from disclosure of
    drilling chemicals to well integrity as "redundant" to the plethora
    of state regulation, going on to berate the Environmental Protection
    Agency as in, "has tried to dig up pollution stories." Castigating
    the Department of the Interior and the EPA for bringing on, in the
    WSJ's view, obstructionist and burdensome regulation hampering the
    production of gas and the expansion of these new drilling methods.

    Mrs. Jackson was fierce in her defense of the EPA's actions and
    policies. Significantly, she stated clearly and unambiguously her
    understanding of the enormous importance this new resource and the
    potential that shale gas represents to the nation both economically
    and in terms of energy independence. But simultaneously she was clear
    that it is incumbent on federal agencies to set standards in keeping
    with the environmental well being of the nation as a whole, and in the
    interest of future generations. Yes, drill and frack, but it must be
    done responsibly to issues of water safety and air quality, and the
    federal agencies such as Interior and the EPA must serve as guardians
    of the nation's environmental well being. It was quite a performance.

    But here we are at the cusp of a vast change in our energy destiny
    and given Secretary LaHood's vision, veering in the right direction.

    Yet we still remain without a true national commitment to wean
    ourselves from gasoline to natural gas as our foremost transportation
    fuel. The transformation of occasional municipalities to natural gas
    fired transport from gasoline engines is but a hesitant beginning.

    Consider Armenia!

    What you ask, and why Armenia? Barely known to most
    everyone, Armenia leads the world. 75% of its automobile
    and truck fleet is propelled by compressed natural gas
    (CNG)(http://www.bloomberg.com/news/2012-06-26/natural-gas-cars-can-drive-us-towa
    rd-a-better-economy.html). An amazing accomplishment for a country
    hardly in the forefront of public discourse.

    Showing the way, Armenia serves as example of what needs be done
    nationally- a full bore program to set up a national distribution
    system (pumping stations) for compressed gas, incentives to Detroit
    and consumers to changeover to natural gas powered cars. During World
    War II Detroit retooled itself in six months and became the Arsenal of
    Democracy. With our government pitching in it can this day become the
    arsenal of our energy independence and our environmental protector
    (in that natural gas is significantly less polluting than gasoline
    emmisions).

    Let's show Armenia we can do it too!


    From: Baghdasarian
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