Page added on July 5, 2009
Oil import data don’t yet show much direct impact from Pickens’ campaign, and a key new natural gas law hasn’t made it out of legislative committee. He’s persuaded some companies and municipalities to buy natural gas-powered fleets, but the numbers remain tiny.
Still, Pickens’ $60 million bought remarkable influence. Because of Pickens, the term “foreign oil” entered the presidential campaigns, executive speeches and everyday discussions.
U.S. oil imports dropped 14 percent in June from the year before, according to the government’s Energy Information Administration. But that probably is due to the ailing economy rather than a shift to alternative fuels.
The number of natural gas vehicles on U.S. roads has risen in the past two years by only about 8 percent to around 120,000, according to Rich Kolodziej, president of NGV America, a natural gas vehicle lobby group. That’s hardly enough vehicles to account for the oil import drop.
However, Kolodziej said, demand for natural gas vehicle fuel rose about 25 percent last year as older models, which could use either natural gas or petroleum fuels, are replaced with new, natural gas-only vehicles.
Natural gas costs less than gasoline or diesel. How much less changes constantly. But the vehicle technology can be costly, and stations to fill up aren’t always convenient. With few refueling stations outside of major cities, natural gas vehicles aren’t as attractive to regular drivers who expect to use their cars for road trips.
But the nation’s supply of natural gas is growing rapidly.
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