What are the benefits of natural gas
According to Derrick May, the following benefits are a few of the reasons why you should consider using natural gas. They are numerous and include a reduction of air pollution, a decrease in cost and dependence on foreign oil. To know more, read this article. Here, we’ll take a closer look at these reasons and the other benefits of using natural gas. Why Choose Natural Gas? Read On! Discover the Many Benefits of Natural Gas
Reduces dependence on foreign oil
A recent report suggests that U.S. oil production should continue to increase faster than U.S. consumption through 2040, reducing our dependence on foreign oil. By that time, domestic production will reach more than half of our total energy needs, and we will be able to decrease our dependence on foreign oil. In a future energy outlook released by the U.S. Energy Information Administration, the country could cut its oil imports in half, according to the report.
In the last four decades, Presidents Barack Obama and Barack Clinton have made similar pledges to reduce our dependence on foreign oil. They have outlined their goals for reducing U.S. oil imports and have made progress. The Obama administration will leave office with lower oil imports than his predecessors, but the trend will likely continue. As a result, President Obama has the task of reducing our dependence on oil while his administration is in office.
Reduces air pollution
Derrick May described that, However, it’s not as simple as cutting one type of pollutant. In fact, the number of pollutants in the air is highly variable. One of the main pollutants in the air, natural gas,ozone, also known as smog, varies with the weather, the time of day, and the number of cars on the road.
Studies on the effect of vegetation on the concentrations of various gaseous pollutants have shown that greenery can reduce a number of harmful pollutants. The University of Southampton estimates that trees in London alone remove from the air between 850 and 2,000 tons of pollutants each year. The trees reduce carbon dioxide, nitrogen dioxide, sulphur dioxide, ozone, and benzene. Furthermore, they reduce the precursor gases that contribute to the formation of secondary pollutants, like benzene and dioxin.
Derrick May believes reduces dependence on heavy fuel oil
Canada’s largest consumers of heavy fuel oil are the Atlantic provinces. From 1990 to 2005, the region accounted for 44.4% of Canada’s total consumption of heavy fuel oil. Quebec and Ontario each accounted for over half of that total. Western Canada, however, used only 13.5% of heavy fuel oil. In 2005, the region’s power plants used nearly 146% of the total amount of oil produced and natural gas in the world.
Over the past 15 years, the marine transportation industry has increased its use of heavy fuel oil, increasing by 12.2% compared to a similar period for diesel fuel. This includes both domestic and foreign shipping, as well as commercial fishing vessels. The total demand for this product is also based on sales to ships registered in Canada. The other regions accounted for only 7% of the total.
Reduces cost
Derrick May believes that, the price of natural gas fluctuates in response to changes in supply and demand. When demand is high, prices are lower, and when supply is low, prices are higher. For example, natural gas prices may increase during the hot summer months or fall when temperatures are lower and demand for furnaces increases. However, prices can decrease during shoulder months when the weather is mild.
During 2016, America consumed 27.5 trillion cubic feet of natural gas. That means there is around 1,400 trillion cubic feet of natural gas available in the United States at a reasonable price. This abundance has been the result of advances in the extraction process. Increasing technology and efficiencies have allowed producers to produce more gas for less. Combined, these factors have helped maintain prices at an affordable level. That’s about $655 per household.
Meets rising demand
while many sectors are relying on coal and other fossil fuels, the growth of natural gas will enable the country to meet these demands while also reducing emissions. The benefits of natural gas are numerous, and include its affordability and reliability. The rising demand for energy comes from a variety of sectors, including power generation, transportation, and the industrial sector. The energy benefits of natural gas include lower emissions of sulfur dioxide, particulate matter, and nitrogen oxide.
The biggest driver of natural gas demand is China, which increased demand for the fuel in April by nearly 20% year-on-year. Meanwhile, low hydropower output in South America and offshore wind production in Europe increased demand for gas in the power sector. Meanwhile, lack of storage is contributing to high gas prices. Nevertheless, the U.S. remains far cheaper than other major consuming regions, and natural gas prices are still below the 2008 peak.