But we are in the classic “chicken and egg” situation: Manufacturers don’t want to build natural gas vehicles because they aren’t certain there will be a market for them. Consumers (companies and individuals) can’t buy such vehicles because the manufacturers won’t build them.
Posts Tagged ‘natural gas price’
As Oil and Gas Prices Plunge, Drilling Frenzy Ends
The number of oil and gas rigs deployed to tap new energy supplies across the country has plunged to less than 1,200 from 2,400 last summer, and energy executives say the drop is accelerating further.
Qatar Thrives on Natural Gas as Companies, Workers Flee Dubai
As Dubai scales back plans to build a waterfront development twice the size of Hong Kong Island, 30,000 workers off the coast of Doha in Qatar are constructing a $14 billion luxury residential project called the Pearl.
IEA: No spare oil capacity at the end of 2013
The International Energy Agency (IEA) fears that an expected recovery in oil demand from 2010 and oil project cancellations due to low crude prices and the credit crisis will mean no spare oil capacity at the end of 2013.
