Natural Gas Locomotives Soon in North America? - News and Current Events | futures io social day trading
futures io futures trading


Natural Gas Locomotives Soon in North America?
Updated: Views / Replies:191 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Natural Gas Locomotives Soon in North America?

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Natural Gas Locomotives Soon in North America?

Most historians date the Railway Age as beginning in 1830, when the Liverpool and Manchester Railway opened, providing the first steam passenger service, proving the viability of rail transport.
Its fuel – wood.

As the 19th century wore on, wood was replaced as the fuel of choice by coal, which had a higher caloric content. In the 20th century, coal in turn was superseded by both diesel and electricity.

The need for increased horsepower and boiler pressure saw a swift shift to coal as the fuel of choice, a sufficiently efficient choice that China only recently stopped building coal-fired locomotives.

Since the Second World War the diesel-burning locomotive became the choice of American railways.

Now, a number of locomotives will soon begin burning natural gas in a potentially historic shift.

Why would railways turn away from a fuel source that has served them so well in the past? Reduced fuel costs, a technology that would cut pollution emissions and, best of all, strengthen the advantage railways hold over trucks in long-haul shipping, which have been hammered since the 1950s with the development of the U.S. road network.

While electric-powered locomotives were the vehicle of choice for U.S. railways, like the coal-fired railways, they have been beholden to the critical bottleneck to transmitting the required voltage over many hundreds of miles along railway lines, which frequently run through isolated population areas, requiring booster stations to retain required voltages. Independent locomotives fueled by natural gas would end the need to be connected to the national electrical grid for power.

Rail companies want to take advantage of booming natural gas production that has cut the price of the fuel by as much as 50 per cent. So they are preparing to experiment with redesigned engines capable of burning both diesel and liquefied natural gas

The future?

BNSF Railway Co., one of the biggest U.S. consumers of diesel fuel, plans this year to test using natural gas to power its locomotives instead.

BNSF Chief Executive Matt Rose said "This could be a transformational event for our railroad," adding that the railway’s transition to natural gas as locomotive fuel would "rank right up there" with the industry's historic transition away from 19th century’s shift from coal-fired steam engines last century.

…and Warren Buffet, America’s second-richest man, not renowned for making rash fiscal decisions, own BNSF Railway Co. America’s largest railroad, BNSF estimates it is the second-biggest user of diesel in the country, after the U.S. Navy.

But such change would come slowly, as a full-scale shift to natural gas would require expensive new infrastructure across the nation’s 140,000-mile freight-rail system. Quite aside from retooling the U.S. locomotive fleet, such a retrofitting transition would require developing dozens of fueling stations as well as retooling existing locomotives. Railroads are interested because new engines burning a mixture of diesel and natural gas would be the quickest and easiest way to adopt the new technology, estimated to cost less than a new locomotive at roughly $2 million.

At the end, it will all come down to the bottom line of dollars and cents. But the reality is that natural gas production in the U.S. is surging, which will mean an increasingly decreased fuel cost as U.S. natural gas production intensifies. On the plus side, locomotive makers say that natural gas engines would also significantly reduce emissions compared with diesel locomotive, scoring U.S. railways points as a cost effective way to reduce greenhouse gas emissions.

While the future of NATGAS railway locomotives is still in its early stages, the fact that America’s “sage of Omaha,” America’s second richest man, is betting on the technology should focus attention on the U.S. railway shift from heavy hydrocarbon fuels to cleaner natgas to consider the future of U.S. railways.

Natural Gas Locomotives Soon in North America?

Reply With Quote

Reply



futures io > > > > Natural Gas Locomotives Soon in North America?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading natural gas futures mannya Commodities Futures Trading 41 December 15th, 2017 04:38 PM
Natural Gas inventory numbers ncsutrader Commodities Futures Trading 1 April 18th, 2013 11:37 AM
Can Natural Gas Replace Regular Gasoline? Quick Summary News and Current Events 0 March 9th, 2013 05:50 PM
Trading NG (natural gas) tellytub Commodities Futures Trading 11 November 23rd, 2012 09:52 PM
FCG: Revere Natural Gas Fund, ... Mountain Hiker Stocks and ETFs Trading 1 September 11th, 2012 06:46 PM


All times are GMT -4. The time now is 07:37 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.08 seconds with 19 queries on phoenix via your IP 54.163.209.109