Why wasn't there ever investment in natural gas infrastructure to the scale of highways and the electrical grid?
If such an investment were made, we would all be driving natural gas powered cars by now. Additionally, fertilizers would be cheaper, and the cost of heating a home would be lower.
Gas is fertilizer feedstock. Natural gas produces ammonia. 88% of ammonia is used to produce fertilizers. Without fertilizers, crops have a much lower yield. It's not possible to support 7 billion people without fertilizers.
- PETER MLv 72 years agoFavorite Answer
The U.S. Energy Information Administration estimates that as of January 1, 2015, there were about 2,355 trillion cubic feet (Tcf) of technically recoverable resources of dry natural gas in the United States. At the rate of U.S. dry natural gas consumption in 2015 of about 27.3 Tcf per year, the United States has enough natural gas to last about 86 years. The actual number of years will depend on the amount of natural gas consumed each year, natural gas imports and exports, and additions to natural gas reserves. The reason there wasn't ever an investment in natural gas infrastructure is the natural gas supply will run out in 86 years. which means a different method of providing the same benefits natural gas provides will need to be found. It appears alternative energy such as solar and wind will need to be found and used. There was attempts made to mass produce natural gas cars, and some were produced, but there weren't enough natural gas stations for people to use to refill their cars and new production ceased. Now there's a total retooling by Chevrolet to produce only electric vehicles which will mean there will be more EV charging stations needed all over the U.S. There's one company that's currently producing and installing charging stations, Blink Charging Co. (CCGI), which trades on the U.S. stock market, which is in the beginning stages of production of producing more charging stations and isn't on the radar of the investment market yet. I'm going to sell all of my present stocks and buy as many shares of CCGI as possible and hold the stock for a long time. The stock is trading with low volume at around $6.00 a share. Buy now and wait until the hedge fund managers learn about the company and the price of the shares will skyrocket.
- Skoda JohnLv 72 years ago
Here in the UK the majority of homes can get natural gas. Many of us heat on it.
CNG vehicles have not taken off due to other technical issues.
- harpertaraLv 72 years ago
You can blame a coal industry and, to a lesser extent, the oil industry for that.