Officials Promote Alternative Fuel

Posted: October 5, 2012 at 5:30 a.m.

Benton County Judge Bob Clinard, left, talks Thursday with Kelly Volin on at the seminar on natural gas use. Volin is with the Arkansas Economic Development Commission.

“Amazingly informative” is how Kurt Moore characterized a presentation on the merits of using compressed natural gas as an alternative fuel.

At A Glance

Pit Stop

There are three compressed natural gas fueling stations in Arkansas open to the public: one in Fort Smith, one in North Little Rock and one in Damascus, according to Kelly Volin, transportation program manager for the Arkansas Energy Office. The state has provided $470,000 in grant money to help build two additional stations, one in Little Rock and one in Conway, Volin said.

Source: Staff Report

This story is only available from our archives.

Benton County Judge Bob Clinard:
“More than 70 percent of the natural gas in the world is in North America,” Clinard said.">>

That's not remotely true. Referring to proven reserves, noted by the CIA Factbook:

"This entry is the stock of proved reserves of natural gas in cubic meters (cu m). Proved reserves are those quantities of natural gas, which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward,...

1. Russia ... 44.8 trillion ... January 2011 est.
2. Iran ... 29.6 trillion ... January 2011 est.
3. Qatar ... 25.3 trillion ... 1 January 2011 est.
4. Saudi Arabia ... 7.8 trillion ... January 2011 est.

5. United States ... 7.7 trillion ... January 2009 est.

21. Canada ... 1.7 trillion ... January 2011 est.

37. Mexico ... 338 billion ... January 2011 est.

Another source puts Turkmenistan in 3rd place (rather than 6th) with 26.2 trillion (or 8.73% of world total)

If that's accurate, the four countries above the US (1-4), plus Saudi Arabia (which is about tied) have 48.5% of the world's reserves.

The US, Canada, Mexico combined? 3.66%.

"Even if we started drilling new wells tomorrow, that oil isn't coming online overnight. And even if we tap every single reserve available to us, we can't escape the fact that we only control 2 percent of the world's oil, but we consume over a quarter of the world's oil. T. Boone Pickens, who made his fortune in the oil business -- and I don't think anybody would consider him unfriendly to drilling -- was right when he said that "this is one emergency we can't drill our way out of." --President Obama, referring to oil

Posted by: fayfreethinker

October 5, 2012 at 9:29 a.m. ( | suggest removal )