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

    In Britain, The Sun Still Doesn’t Shine

    Invoking Spitfires and Merlin, Leave voters insist country can be great again, following surprising 'Brexit' vote last week

    Double Wave of Suicide Bombings Puts Lebanon, Refugees on Edge

    Following suicide bombings in Christian town of Al-Qaa, on Lebanon's northeast border with Syria, fears of further bombings have risen

    US Senators Warned on Zika After Failing to Pass Funding

    Zika threats and challenges, as well as issues of contraception and vaccines, spelled out as lawmakers point fingers

    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.
    Slow Rebuilding Amid Boko Haram Destruction in Nigeria’s Northeasti
    X
    June 29, 2016 6:15 PM
    Military operations have chased Boko Haram out of towns and cities in Nigeria’s northeast since early last year. But it is only recently that people have begun returning to their homes in Adamawa state, near the border with Cameroon, to try to rebuild their lives. For VOA, Chris Stein traveled to the area and has this report.
    Video

    Video Slow Rebuilding Amid Boko Haram Destruction in Nigeria’s Northeast

    Military operations have chased Boko Haram out of towns and cities in Nigeria’s northeast since early last year. But it is only recently that people have begun returning to their homes in Adamawa state, near the border with Cameroon, to try to rebuild their lives. For VOA, Chris Stein traveled to the area and has this report.
    Video

    Video Clinton Leads Trump, But Many Voters Don't Like Either

    In the U.S. presidential race, most recent polls show Democrat Hillary Clinton with a steady lead over Republican Donald Trump as both presumptive party nominees prepare for their party conventions next month. Trump’s disapproval ratings have risen in some recent surveys, but Clinton also suffers from high negative ratings, suggesting both candidates have a lot of work to do to improve their images before the November election. VOA National correspondent Jim Malone has more from Washington.
    Video

    Video New US Ambassador to Somalia Faces Heavy Challenges

    The new U.S. envoy to Somalia, who was sworn into office Monday, will be the first American ambassador to that nation in 25 years. He will take up his post as Somalia faces a number of crucial issues, including insecurity, an upcoming election, and the potential closure of the Dadaab refugee camp in Kenya. VOA’s Jill Craig asked Somalis living in Kenya’s capital city Nairobi how they feel about the U.S. finally installing a new ambassador.
    Video

    Video At National Zoo, Captivating Animal Sculptures Illustrate Tragedy of Ocean Pollution

    The National Zoo in Washington, D.C., is home to about 1,800 animals, representing 300 species. But throughout the summer, visitors can also see other kinds of creatures there. They are larger-than-life animal sculptures that speak volumes about a global issue — the massive plastic pollution in our oceans. VOA's June Soh takes us to the zoo's special exhibit, called Washed Ashore: Art to Save the Sea.
    Video

    Video Baghdad Bikers Defy War with a Roar

    Baghdad is a city of contradictions. War is a constant. Explosions and kidnappings are part of daily life. But the Iraqi capital remains a thriving city, even if a little beat up. VOA's Sharon Behn reports on how some in Baghdad are defying the stereotype of a nation at war by pursuing a lifestyle known for its iconic symbols of rebellion: motorbikes, leather jackets and roaring engines.
    Video

    Video Melting Pot of Immigrants Working to Restore US Capitol Dome

    The American Iron Works company is one of the firms working to renovate the iconic U.S. Capitol Dome. The company employs immigrants of many different cultural and national backgrounds. VOA’s Arman Tarjimanyan has more.
    Video

    Video Testing Bamboo as Building Material

    For thousands of years various species of bamboo - one of the world's most versatile plants - have been used for diverse purposes ranging from food and medicine to textiles and construction. But its use on a large scale is hampered because it's not manufactured to specific standards but grown in the ground. A University of Pittsburgh professor is on track to changing that. VOA’s George Putic reports.
    Video

    Video Orphanage in Iraqi City Houses Kids Who Lost their Parents to Attacks by IS

    An orphanage in Iraqi Kurdistan has become home to scores of Yazidi children who lost their parents after Islamic State militants took over Sinjar in Iraq’s Nineveh Province in 2014. Iraqi Kurdish forces backed by the U.S. airstrikes have since recaptured Sinjar but the need for the care provided by the orphanage continues. VOA’s Kawa Omar filed this report narrated by Rob Raffaele.
    Video

    Video Re-Opening Old Wounds in a Bullet-Riddled Cultural Landmark

    A cultural landmark before Lebanon’s civil war transformed it into a nest of snipers, Beirut’s ‘Yellow House’ is once again set to play a crucial role in the city.  Built in a neo-Ottoman style in the 1920s, in September it is set to be re-opened as a ‘memory museum’ - its bullet-riddled walls and bunkered positions overlooking the city’s notorious ‘Green Line’ maintained for posterity. John Owens reports from Beirut.
    Video

    Video Brexit Resounds in US Presidential Contest

    Britain’s decision to leave the European Union is resounding in America’s presidential race. As VOA’s Michael Bowman reports, Republican presumptive nominee Donald Trump sees Britain’s move as an affirmation of his campaign’s core messages, while Democrat Hillary Clinton sees the episode as further evidence that Trump is unfit to be president.
    Video

    Video NASA Juno Spacecraft, Nearing Jupiter, to Shed Light on Gas Giant

    After a five-year journey, the spacecraft Juno is nearing its destination, the giant planet Jupiter, where it will enter orbit and start sending data back July 4th. As Mike O'Sullivan reports from Pasadena, California, the craft will pierce the veil of Jupiter's dense cloud cover to reveal its mysteries.
    Video

    Video Orlando Shooting Changes Debate on Gun Control

    It’s been nearly two weeks since the largest mass shooting ever in the United States. Despite public calls for tighter gun control laws, Congress is at an impasse. Democratic lawmakers resorted to a 1960s civil rights tactic to portray their frustration. VOA’s Carolyn Presutti explains how the Orlando, Florida shooting is changing the debate.

    Special Report

    Adrift The Invisible African Diaspora