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  1. Categories: Business

    With Natural Gas in Abundance, Prosperity Can’t Be Far Behind

    The low price of abundant natural gas undoubtedly benefits consumers in terms of their home heating, hot water, and electricity bills. But bargain natural gas prices are also having some secondary benefits for the economy.

    Long flagging and in some cases dormant, the American manufacturing sector stirs once more.

    Unlocking shale gas has led to this wellspring of newfound success. European manufacturers, beleaguered by expensive inputs in their home countries, are crossing the Atlantic. Manufacturers of steel, glass, paper, fertilizers, plastics and other useful products, all count on natural gas as a critical component of their manufacturing process. And every business can benefit from cheap energy. They are, once again, viewing America as the legendary land of opportunity.

    German chemical giant, BASF, views the expansion of their American operations, pragmatically – the price of natural gas is a quarter of what it is in their country. As a result, the company is funneling in $5.7 billion of new investment and expansion.

    This trend could continue for the foreseeable future, where many companies around the world are looking to cut costs and remain competitive. In fact, nearly $20 billion in manufacturing projects are set to occur before 2015, where a million new jobs will be created by 2025, according to PricewaterhouseCoopers.

    It all goes to prove how natural gas, once again, proves the ideal energy source – particularly for refueling an economic comeback.

    Do you think natural gas can reinvigorate the manufacturing sector in Ontario? Please share your thoughts with us in the comments below.




  2. Categories: Business

    Union Gas President Steve Baker Spoke to the London Chamber of Commerce.

    On Tuesday April 16th, Union Gas President Steve Baker spoke to the London Chamber of Commerce about how natural gas has been a game-changer in the energy market. It’s something we as Ontarians pay attention to. Baker spoke to natural gas continuing to be the most affordable energy out there. Residential users have been saving $275 to $400 a year since 2008, and commercial/institutional users have been saving about $10,000 to $15,000 each year since 2008.

    To read more about what Union Gas President Steve Baker spoke about on Tuesday, click through to this article from The London Free Press. Do you agree that natural gas has been a game-changer in the energy market? Share your thoughts in the comments.

  3. Categories: Business

    Liquid Natural Gas? That’s a 10-4, Good Buddy.

    Aside from the environmental consequences, the trucking industry needs real solutions to remain competitive in their industry. The industry currently runs on diesel but rising oil and gasoline prices have focused significant attention on affordable, abundant liquid natural gas (LNG) as a viable fuel option.

    Though the initial start-up costs for a fleet would be higher ($40-$80 thousand higher per truck) recent calculations found trucks could recoup their initial investment within 3 years – without government incentives.

    This month, big engine maker, Cummins Westport begins production of its 11.9-litre natural gas engine, already being called a game-changer. Heavy truck manufacturers Freightliner, Kenworth, Navistar, Peterbilt and Volvo are following suit.

    And no wonder: $500 worth of diesel can go 1,185km, whereas the identical value of LNG can travel 2,040km. It may be difficult to imagine what that difference – 855km – feels like in real terms. That’s why we’ve made this map to give you a rough idea how much further LNG can take you than diesel fuel.

    If we use Toronto as a convenient starting point, let’s see how far 855km would be along main highways (not as the crow flies, which would be a much wider radius). Just to illustrate another way how natural goes beyond the call.

    Over n’ out.

    How much further can $500 of Liquid Natural Gas get you?

    Toronto to Chicago (834 km)
    Toronto to NYC (803 km)
    Toronto to Philadelphia (800 km)
    Toronto to Washington DC (793 km)
    Toronto to Boston (885 km)
    Toronto to Quebec City (795 km)
    Toronto to Sault Sainte Marie (850 km)
    Toronto to Indianapolis, IN (885 km)
    Toronto to Cincinnati, OH (793 km)
    Toronto to Baltimore, MD (750 km)
    Toronto to Charleston, WV (850 km)




    Source: http://news.nationalgeographic.com/news/energy/2013/03/130318-natural-gas-truck-stops