News / USA

    Industry Chiefs See Growing Diversity of US Fuels

    BP Group Chief Executive Bob Dudley speaks at the IHS CeraWEEK energy conference, Houston, March 6, 2013.
    BP Group Chief Executive Bob Dudley speaks at the IHS CeraWEEK energy conference, Houston, March 6, 2013.
    The boom in natural gas and oil production in the United States has changed the outlook for energy worldwide. This week in Houston, participants in the 32nd annual IHS CERAWeek conference — a gathering of global energy industry policymakers and financial leaders — talked of a world increasingly powered by what they call unconventional fuels: energy resources other than the petroleum pumped from deep underground deposits that have driven economic growth and development for the past century.
     
    A Look at the 32nd Annual IHS CERAWeeki
    X
    March 08, 2013 6:11 PM
    The boom in natural gas and oil production in the U.S. has changed the outlook for energy worldwide. Participants in the annual IHS-CERA conference in Houston this week talked of a world increasingly powered by what they call unconventional fuels - that is, fuels other than the petroleum pumped from deep underground deposits that have driven economic growth and development for the past century. VOA's Greg Flakus has more from Houston.
    VIDEO | CLICK TO WATCH: At CERAWeek 2013
    Thanks to a big expansion of natural-gas production here in Texas and several other states, the U.S. energy forecast looks good. But the biggest energy user — transportation — still relies primarily on petroleum.
     
    The Chairman and CEO of General Motors, Daniel Akerson, says providing customers with home natural gas fueling stations might help.
     
    "If we thought it would sell the product and make a profit, sure we will do it," he said, cautioning, however, that it's unlikely to happen until the U.S. government backs creation of far more fueling stations nationwide.
     
    "There may have to be some government incentive to the energy industry to have them build up the necessary infrastructure," he said. "We cannot control that part of the equation. But we also cannot manufacture without having some surety of infrastructure support."
     
    Because cars and trucks using natural gas are so expensive, the American Petroleum Institute's Chief Economist John Felmy says any change has to start with large commercial vehicles.
     
    "The higher cost for single-family vehicles are so much above what the price for conventional vehicles is that it is hard to recover the cost," said Felmy. "Now, for fleet operations and heavy duty trucks, I think there is an opportunity there."
     
    Felmy also thinks it makes sense to promote the export of liquefied natural gas to provide producers with an incentive to expand.
     
    "If you look at gas operations around the country right now, you are seeing still an enormous amount of exploratory drilling for gas, but the development drilling has not occurred because of the relatively low price," he said, explaining that such exports also would cut the U.S. trade deficit, create more jobs and yet have only a minor impact on the price consumers pay.
     
    But this development is not just good for the United States. Businessmen like Mikhail Smirnov of Russia's Cryogenmash want to sell liquefied natural gas equipment to U.S. companies.
     
    "We are excited about it because it dramatically increases the number of private gas sellers and private customers who will need the gas to be liquefied in small quantities," he said.
     
    And energy officials from many countries are here to learn more about how they can expand their own production.
     
    According to Arsenio Mabote, Chairman of Mozambique's National Petroleum Institute, expanded production, for many nations, is also about fighting poverty.
     
    "By having energy resources — for instance you generate electricity and supply it to the population — that brings development," he said.
     
    Experts say countries around the world are going to need energy from a variety of sources, including oil, gas, coal and renewables to meet demand in the coming decades.

    You May Like

    Mother of IS Supporter: Son Was Peaceful, 'Role Model'

    Somali-American Abdirizak Mohamed Warsame pleaded guilty Thursday to charges of conspiring to provide material support to Islamic State militants

    Factions Shift as Civilians Die in Syrian War

    Scenario likely only to further confuse military situation on ground and potentially worsen humanitarian crisis that already has grown to epic proportions

    Presidential Hopefuls Woo Minorities, Evangelicals

    Four GOP candidates to speak at forum at Bob Jones University in Greenville, South Carolina

    This forum has been closed.
    Comments
         
    There are no comments in this forum. Be first and add one

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Two-thirds of World Faces Water Shortagei
    X
    February 12, 2016 7:31 PM
    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video Two-thirds of World Faces Water Shortage

    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video Gateway to Mecca: Historical Old Jeddah

    Local leader Sami Nawar's family has been in the Old City of Jeddah for hundreds of years and takes us on a tour of this ancient route to Mecca, also believed to be the final resting place of Adam's wife, Eve.
    Video

    Video New Technology Aims to Bring Election Transparency to Uganda

    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video As Refugees Perish, Greek Graveyards Fill

    Aid workers on the Greek island of Lesbos say they are struggling to bury the increasing number of bodies of refugees that have been recovered or washed up ashore in recent months.  The graveyards are all full, they say, yet as tens of thousands of people clamor to get out of Syria, it is clear refugees will still be coming in record numbers. For VOA, Hamada Elrasam reports from Lesbos, Greece.
    Video

    Video Russia Bristles at NATO Expansion in E. Europe

    Russian Foreign Minister Sergei Lavrov is meeting Friday with the head of NATO after the Western military alliance and the United States announced plans for the biggest military build-up in Europe since the Cold War. Russia has called NATO's moves a threat to stability in Europe. But NATO says the troop rotations and equipment are aimed at reassuring allies concerned about Russia as VOA's Daniel Schearf reports from Moscow.
    Video

    Video To Fight Zika, Scientists Target Mosquitoes

    Mosquitoes strike again. The Zika virus outbreak is just the latest headline-grabbing epidemic carried by these biting pests, but researchers are fighting back with new ways to control them. VOA's Steve Baragona takes a look.
    Video

    Video Mosul Refugees Talk About Life Under IS

    A top U.S. intelligence official told Congress this week that a planned Iraqi-led operation to re-take the city of Mosul from Islamic State militants is unlikely to take place this year. IS took over the city in June 2014, and for the past year and a half, Mosul residents have been held captive under its rule. VOA's Zana Omar talked to some families who managed to escape. Bronwyn Benito narrates his report.
    Video

    Video Scientists Make Progress Toward Better Diabetes Treatment, Cure

    Scientists at two of the top U.S. universities say they have made significant advances in their quest to find a more efficient treatment for diabetes and eventually a cure. According to the International Diabetes Federation, the disease affects more than 370 million people worldwide. VOA’s George Putic reports.
    Video

    Video NATO to Target Migrant Smugglers

    NATO has announced plans to send warships to the Aegean Sea to target migrant smugglers in the alliance's most direct intervention so far since a wave of people began trying to reach European shores.
    Video

    Video Russia's Catholics, Orthodox Hopeful on Historic Pope-Patriarch Meeting

    Russia's Catholic minority has welcomed an historic first meeting Friday in Cuba between the Pope and the Patriarch of Russia's dominant Orthodox Church. The Orthodox Church split with Rome in 1054 and analysts say politics, both church and state, have been driving the relationship in the centuries since. VOA's Daniel Schearf reports from Moscow.
    Video

    Video Used Books Get a New Life on the Streets of Lagos

    Used booksellers are importing books from abroad and selling them on the streets of Africa's largest city. What‘s popular with readers may surprise you. Chris Stein reports from Lagos.
    Video

    Video After NH Primaries All Eyes on South Carolina

    After Tuesday's primary in New Hampshire, US presidential candidates swiftly turned to the next election coming up in South Carolina. The so-called “first-in-the-South” poll may help further narrow down the field of candidates. Zlatica Hoke reports.
    Video

    Video Smartphone Helps Grow Vegetables

    One day, you may be using your smartphone to grow your vegetables. A Taipei-based company has developed a farm cube — a small, enclosed ecosystem designed to grow plants indoors. The environment inside is automatically adjusted by the cube, but it can also be controlled through an app. VOA's Deborah Block has more on the gardening system.
    Video

    Video Exhibit Turns da Vinci’s Drawings Into Real Objects

    In addition to being a successful artist, Renaissance genius Leonardo da Vinci designed many practical machines, some of which are still in use today, although in different forms. But a number of his projects were never realized — until today. VOA’s George Putic reports.