What Will Replace Oil? Natural Gas Vs. Biofuels
By Kevin Quon:The age of abundant oil is rapidly coming to an end. As companies like Transocean (RIG) and SeaDrill (SDRL) explore the vast oil reserves of the ocean deep, there are two principles being established: One, we need an alternative to oil, and two, we haven't found it yet. However, there are options that are becoming more increasingly viable. Take, for instance, natural gas and biofuels. Seen as the most practical clean fuel alternatives to oil, the two fields are often compared against each other in conversation when it comes to finding the next oil replacement.The natural gas industry has fundamentally changed in a sustainable way here in America. Through the introduction of hydraulic fracturing and horizontal drilling, an abundance of supply has allowed for a lasting cheap energy source. Now that we've been given the ability to tap into shale rock formations, technology has revealed stockpiles of easily accessibleComplete Story »
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