Recently there have been calls for a ban on U.S. oil and natural gas production using hydraulic fracturing (also known as “fracking”), and several states have passed laws banning its use. To investigate such a policy initiative, the American Petroleum Institute (API) turned to OnLocation to provide quantitative modeling and analysis to determine the impacts of an outright ban on fracking. API chose OnLocation because of its reputation for respected and timely analysis of this nature.
In our last blog article, we discussed five factors that might have an impact on the adoption of new transportation technologies like electric cars and natural gas-powered trucks. We believe that factors like cost, performance, and policy will play a major role in determining whether—and when—these technologies will realize their potential for increasing energy efficiency and reducing carbon emissions nationwide.
In 10 or 20 years from now, the nation’s transportation landscape could be vastly different than it is today. Technologies that are currently under development or have only just recently hit the market—like electric vehicles, hybrid-electric vehicles, and natural gas trucks—suggest a more energy efficient, lower carbon emission future.
Topics: Alternative Technologies
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