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Tuesday, August 29, 2006

Another energy source to watch...

Liquified natural gas (LNG) has until now been mostly an engineering curiosity. It seemed like a good idea, but the technology involved and public acceptance were pretty formidible obstacles to larger market share. Well, a few billion dollars can help that.

Creating LNG involves cooling normal natural gas to 260 degrees below zero Fahrenheit, sending it around the world in superinsulated ships and then re-gasifying it at its destination.
"It's one of the biggest investment trends in the world," said David Talbot, with the energy research firm John H. Herald. "That's what's happening. We're going increasingly from crude oil to natural gas."

Since it looks like the Canucks will be using more of their natural gas to melt oil from their vast shale/sands deposits, we may need alternate sources soon. This is what is frustrating about our energy problem: even if we can replace some foreign oil with ethanol, we could be importing more natural gas and even finished products.

¶ 7:29 AM

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: Name: John Phipps; Location: Chrisman, Illinois, United States

Jan and I farm 1700 acres near Chrisman, IL. I have also written humor and commentary for Farm Journal and Top Producer for 13 years. Please visit my website (www.johnwphipps.com) to learn about my speaking services for your group's next meeting.

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John's World Tuesday, August 29, 2006 Another energy source to watch... Liquified natural gas (LNG) has until now been mostly an engineering curiosity. It seemed like a good idea, but the technology involved and public acceptance were pretty formidible obstacles to larger market share. Well, a few billion dollars can help that. Creating LNG involves cooling normal natural gas to 260 degrees below zero Fahrenheit, sending it around the world in superinsulated ships and then re-gasifying it at its destination. "It's one of the biggest investment trends in the world," said David Talbot, with the energy research firm John H. Herald. "That's what's happening. We're going increasingly from crude oil to natural gas." Since it looks like the Canucks will be using more of their natural gas to melt oil from their vast shale/sands deposits, we may need alternate sources soon. This is what is frustrating about our energy problem: even if we can replace some foreign oil with ethanol, we could be importing more natural gas and even finished products. ¶ 7:29 AM Comments: Post a Comment << Home US Farm Report host John Phipps surfs the Web so you don't have to... About Me Name: John Phipps Location: Chrisman, Illinois, United States Jan and I farm 1700 acres near Chrisman, IL. I have also written humor and commentary for Farm Journal and Top Producer for 13 years. Please visit my website (www.johnwphipps.com) to learn about my speaking services for your group's next meeting. View my complete profile ARCHIVES April 2006 / May 2006 / June 2006 / July 2006 / August 2006 / September 2006 / October 2006 / November 2006 / December 2006 / January 2007 / February 2007 / March 2007 / April 2007 / May 2007 / June 2007 / July 2007 / August 2007 / advertisement MORE FROM JOHN On the Coffee Table
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