Alternative fuel
Fuel market i.e. coal, gas and oil market are interrelated to one another. When price of oil become higher than consumer increase the use of gas as a compliment of oil. Because of higher oil and gas price people are now concentrating on alternative source of energy. It is the only solution of reducing higher living cost. The usage of gas in our everyday life is inevitable. Natural gas is one of the best alternatives to oil. It is also very much convenient for environment. Natural gas is given the status of the cleanest of the fossil fuel (Eric & Smith 2002, p.39). The united states have an ample reserve of natural gas. Natural gas plays an important role on the development of socio-economical condition of the country. Households and large-scale commercial industries largely depend upon the natural gas. So any interruptions in the supply of natural gas can hamper the smooth flows of our daily life. The demand of natural gas is increasing rapidly. Because of new houses and industries which run on natural gas are establishing day by day. This increasing demand for natural gas makes imbalance between the supply and the demand process. This imbalance keeps the prices of natural gas up. The alternatives source of energy can be the best solution of rapid energy demand. The sources of energy, which are considering as an alternative to gas, are solar power, wind power, and biomass or bio-fuel etc. |
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Fuel market i.e. coal, gas and oil market are interrelated to one another. When price of oil become higher than consumer increase the use of gas.Rating: Not yet rated
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Date: Wed, 17 Mar 2010, at 5:16 PM