NATURAL-GAS CARS CAN DRIVE US TOWARD A BETTER ECONOMY
- Normal 0 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Armenia is not generally known as a world leader, but it holds at least one record: Seventy-five percent of its cars and trucks run on natural gas.
In the U.S., in contrast, the share is well under 0.1 percent -- even though natural-gas prices have plummeted here over the past few years. Given the problems associated with U.S. dependence on oil, more use of natural gas for transportation could carry big benefits.
About Peter R Orszag
Peter R. Orszag, vice chairman of global banking at Citigroup and an adjunct senior fellow at the Council on Foreign Relations, was President Obama's director of the Office of Management and Budget.
One of the most important of these would be macroeconomic. Switching to natural-gas vehicles would reduce our vulnerability to oil-price shocks, as Christopher Knittel, a professor of energy economics at the Massachusetts Institute of Technology, argues in a new paper for the Hamilton Project. That benefit alone could amount to between $850 (for sedans) and $18,500 (for heavy-duty trucks) for each vehicle converted.
More natural-gas cars and trucks could also, if managed well, reduce greenhouse-gas emissions and other pollutants (more on that below). The bottom line is that the U.S. would be much better off with a wider choice of transportation fuels.
Converting to natural-gas vehicles requires several changes but, as Floyd Norris of the New York Times has recently pointed out, the most elemental involves filling stations. There are fewer than 2,000 natural-gas stations across the country -- a fraction of the 120,000 that offer gasoline. This makes people and companies reluctant to shift to the new vehicles. At the same time, the dearth of natural-gas vehicles on the road makes fuel companies reluctant to build the stations they need.
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- 1752 Battle between the Georgian King Heraklitus the Second and Azad khan's forces near Kanaker (Armenia).
- 1904 Death of Karapet Utujian, the founder of "Massiss" weekly. He was born on 1832 10 24.
- 1993 The Artsakh forces liberate Martakert after the Azeri Turks had occupied it for a year.
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