Transportation To Benefit from Shale Boom?

The burgeoning U.S. shale industry that has helped reduce natural gas prices to record low-levels now may benefit U.S. commuters and the transportation sector. Oxford Catalysts Group Plc and Sundrop Fuels Inc., backed by Chesapeake Energy Corp., are planning to build factories in the U.S. to make more affordable diesel, gasoline and jet fuel from cheap gas. This gas-to-liquids technology has proven successful at locations like Royal Dutch Shell’s Pearl GTL plant in Qatar, where gas feedstock prices are also relatively low. According to Bloomberg, with access to gas at $3.89 per mmBtu, Oxford Catalysts would be able to produce premium… [more]