Competitiveness

Separate reports confirmed the competitiveness of natural gas as a transportation fuel, with the price of compressed natural gas (CNG) maintaining a strong pricing edge over gasoline, diesel and other alternative fuels. At the same time, liquefied natural gas (LNG) is expanding its potential transportation options to include rail.

Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.

The United States has the opportunity to lead the world in a new industrial revolution that would ensure domestic competitiveness, decrease dependency on foreign oil and mitigate climate change — but it has to begin today, Secretary of Energy Steven Chu said Tuesday.

The United States has the opportunity to lead the world in a new industrial revolution that would ensure domestic competitiveness, decrease dependency on foreign oil and mitigate climate change — but it has to begin today, Secretary of Energy Steven Chu said Tuesday.

Amoco said yesterday it would consolidate its U.S. explorationand production management offices in Houston to cut costs andincrease competitiveness. About 660 E&P management, technicaland administrative jobs in Denver and New Orleans will be affected.Many of the positions will be relocated to Houston, but Amoco saidthere will be some jobs eliminated as well.