The Business Energy Edge

Jan16_Business_Banner1_CNG Boom

Compressed Natural Gas Boom Expected to Increase Number of Natural Gas Vehicles to 40% by 2025

The boost in U.S. natural gas production due to a variety of factors – from new petroleum drilling to pipeline reversal – is projected to increase the number of natural gas vehicles on the road by 2025, according to Detief Hallermann, Ph.D., associate clinical professor, Texas A&M University.

The primary reason for the expected increase is a greater volume of natural gas being revealed as part of petroleum drilling. As infrastructure improvements continue, more of this natural gas will be used domestically. In fact, 80% of the U.S. pipelines have been, or are in the process of being reversed, in that natural gas is flowing south from the Midwest and Northwest, instead of north from the Gulf Coast and Texas.

It’s projected that the first transportation segments to see a lift in the number of natural gas vehicles will include local delivery truck fleets, taxis, and municipal government vehicles.

Read the full article on Ag Professional.

Jan16_Business_Banner2_Climate Highlights

Top 5 Climate and Energy Highlights of 2015

2015 was an important year for change in the climate and energy sectors. The biggest news was the implementation of the Obama administration’s Clean Power Plan in October, which is designed to cut CO2 emissions from existing coal-burning power plants. As the largest source of greenhouse gas emissions, utilities will be required to update their power plants to be natural gas or renewable-fueled over the next decade.

Another notable development in 2015 was the November halt to the proposed Keystone KL Pipeline, which was to carry over 800,000 barrels of Canadian tar sands crude oil from Alberta to Texas. The primary reason was that this substance is even more carbon-filled and energy draining to produce than most crude oil.

Check out the full story on Raw Story.

Jan16_Business_Banner3_2016 Energy Trends

5 Universal Trends Expected to Affect Businesses of All Types in 2016

Without question, the business landscape continues to evolve at lightning speed due to changes in technology and the economy. Fast Company distills down the list of top 5 factors they expect to have the greatest impact this year.

Among the trends is a bigger focus on customer insights and big data analytics. In fact, IDC Research predicts a CAGR of 23% each year until 2019 for big data spending. This need for information is a necessity for both B2B and B2C businesses and it’s expected that greater investments will be made beginning this year.

Another notable prediction is that companies with “lean” business practices will come out ahead of most of their counterparts focused on the recent IPO boom. Lean businesses realize that financing is more competitive and are instead concentrating on organic growth and building sustainable organizations.

Read more on Fast Company.

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Keep a pulse on what’s happening in the energy industry. Learn more in this week’s Market Commentary.
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Sidebar_QuickFacts2
  • Petroleum, natural gas, and coal were the primary energy sources produced in the U.S. in 2014.
  • Over 50% of renewable energy sources are primarily used to produce electricity.
  • As of March 2015, the combined annual energy cost for U.S. commercial and industrial facilities was $400 billion.
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