On the recordMarch 13, 2012
Mr. President, I have come to the floor to talk about an amendment I will offer later today--the NAT GAS Act. What if I were to tell the Chair there was a transportation fuel that is over $1.50 cheaper than gasoline and roughly $2 cheaper than diesel? What if I were to tell the Chair this fuel is also cleaner and has fewer smog-causing pollutants than diesel and, if wisely used, could reduce the cases of asthma and lung cancer? What if I were to tell the Chair this fuel is abundant right here in America, so much so that we may soon become one of the world's largest exporters of this fuel? I think I might hear him say: Sign me up. What is the name of this wonderful fuel? The name of this fuel is natural gas. We can see in this chart that as gasoline prices are already skyrocketing toward $4 per gallon, the price of compressed natural gas is barely above $2 equivalent. Natural gas prices used to follow oil prices, but now they are on their own stable, inexpensive price levels. The same holds true for liquefied natural gas. As we can see, gas prices here, liquefied natural gas down here. Diesel prices now exceed $4, and LNG is still hovering around a $2 equivalent Why aren't we all driving around in natural gas vehicles, paying a little over $2 per gallon equivalent? The reason this inexpensive fuel is not widely used is because there are not many natural gas vehicles in the United States, and there are also very few places to refuel.…
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