Gas Could Overtake Oil As The Largest U.S. Energy Source This Year
If the world is serious about environmental protection without breaking the bank, it will go for methane as the backbone fuel of the world. Replacing oil in the longer term. But don’t count out oil yet for a long margin.
Natural gas, helped by gains in energy efficiency, will dethrone oil as the biggest energy source that the United States uses by the end of this year. That’s according to the chief executive of Norway-based risk management consultancy DNV GL, and it would hardly come as a surprise to anyone who’s been following energy developments in the world’s top gas producer. Yet it’s only a part of all the glorious energy developments that the Norwegian company expects for the world in the next couple of decades.