• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 4 hours Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
  • 4 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 55 mins Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 3 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 7 hours Is $60/Bbl WTI still considered a break even for Shale Oil
  • 9 hours Asia Oil Refiners Mull Run Cuts With Margins At 16 yrs. Low For Season
  • 9 hours IMO2020 To scrub or not to scrub
  • 9 hours IMO 2020 could create fierce competition for scarce water resources
  • 7 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 1 hour Apple Boycott in China
  • 4 hours Prosecutors Fine Bosch 90 Million Euros For Emissions Cheating Role
  • 7 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 7 hours Why is Strait of Hormuz the World's Most Important Oil Artery
Alt Text

Vietnam Is On The Verge Of An Energy Crisis

As Vietnam looks down the…

Alt Text

China Invests In Game-Changing Arctic LNG Project

Russia’s Novatek is teaming up…

Alt Text

Turkey Steps Up Fight For Gas in Eastern Mediterranean

Turkey exploration drilling for natural…

Energy Digital

Energy Digital

Energy Digital is a leading digital media source of news and content for C-level executives focused on business and all aspects of managing the environment.…

More Info

Trending Discussions

Chesapeake Energy to Invest $1 Billion in Natural Gas Cars

Natural gas is gaining ground as oil prices still linger around $100 a barrel; however, there are limited vehicles on the road that can run off of natural gas, and fueling infrastructure is certainly lacking.  That is changing as countries like the U.S. diversify their transportation sectors to offer alternative fuel options, such as biofuels, hydrogen, electric and natural gas.  Chesapeake Energy—the second largest producer of natural gas in the United States—is looking to fast-track development of natural gas vehicle fueling infrastructure, and is willing to invest $1 billion over the next 10 years to do so.

Switching from gasoline to natural gas, the company says, will lower energy costs to consumers, enhance national security, stimulate economic growth, create hundreds of thousands of jobs, improve the environment, and “help break OPEC's 38-year stranglehold on the U.S. economy.”

"We have analyzed the U.S. transportation sector during the past four years to determine how to create the best pathway to move our country away from dependence on OPEC oil and the resulting yearly transfer of more than $400 billion of American wealth to foreign countries, many of them often unfriendly to U.S. interests,” said Aubrey K. McClendon, Chesapeake's Chief Executive Officer.

“As a result of our analysis, Chesapeake has developed a three-pronged plan to move America toward greater energy independence and enhanced national security during the next 10 years.”

Chesapeake plans to increase onshore production, currently at around eight million barrels a day, by three to four million using horizontal drilling and hydraulic fracturing techniques.  The company plans to invest in both compressed natural gas and liquefied natural gas fueling stations to give carmakers more incentive to develop natural gas vehicles of all sizes, makes and models.  Chesapeake claims that once their plan goes into effect, natural gas fueling could be $1.50 to $2.00 per gallon cheaper than gasoline and diesel.

The company also plans to deploy a gas-to-liquids process that will convert natural gas into a room temperature fuel that can be blended with existing gasoline supplies to meet the demand of drivers who do not yet own a natural gas vehicle.

By. John Shimkus of Energy Digital




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • Anonymous on July 15 2011 said:
    Natural gas has much to recommend it as fuel for vehicles powered by Otto-cycle engines (which is true for most of us). It has good antiknock properties, is clean-burning, and at this time offers more energy per dollar than gasoline. Hydrogen has a cache among intellectuals. The most important advantage of hydrogen as I see it, is that fuel cells can use it more easily than anything else. Unfortunately the only practical source of hydrogen right now is from natural gas. So before we spend huge sums of money to develop a hydrogen infrastructure, we need to ask: What is more efficient in terms of "well to wheels" utilization of natural gas? Should we use NG "as is" in vehicles like what we now have, or process it into hydrogen for fuel cell powered vehicles?

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News