Environmental	  Ini.a.ve:	  Natural	  Gas	  Market	  Impact	  on	     Minnesota	  Businesses	               Casey	  Whelan...
Natural	  Gas	  Market	  Changes	  •  Natural	  Gas	  prices	  have	     dropped	  drama.cally	     over	  the	  past	  fe...
Consumer	  Impact	  •  MN	  Consumes	  roughly	  2%	     of	  	  Natural	  Gas	  used	  each	     day	  •  Usage	  is	  gr...
Consumer	  Impact	  •  Material	  savings	  are	     accruing	  to	  MN	  residents	     and	  businesses	  	  related	  t...
Opportuni.es	  •  Natural	  Gas	  prices	  and	     liquid	  fuel	  prices	  have	     separated	  •  Rela.vely	  high	  s...
Opportuni.es	  •  Natural	  Gas	  is	     considerably	  cheaper	     than	  gasoline	  or	  diesel	     as	  a	  transpor...
Home	  Grown	  Examples	  •  CNG	  Fueling	  facili.es	     have	  been	  installed	  in	     Blaine	  (WM),	  Buffalo	    ...
Home	  Grown	  Examples	  •  CNG	  Garage	  Haulers	  and	  Dump	  Trucks	  are	     built	  in	  Dodge	  Center,	  MN	  b...
Risks	  •  Regulatory:	  EPA	  regulatory	  changes	  •  Legisla.ve:	  Congressional	  or	  State	  Ac.on	  •  Market:	  L...
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Policy Forum Series: Whelan - Natural Gas Market Impact on Minnesota Business

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Policy Forum Series: Whelan - Natural Gas Market Impact on Minnesota Business

  1. 1. Environmental  Ini.a.ve:  Natural  Gas  Market  Impact  on   Minnesota  Businesses   Casey  Whelan   September  21,  2012    
  2. 2. Natural  Gas  Market  Changes  •  Natural  Gas  prices  have   dropped  drama.cally   over  the  past  few  years    •  Increased  Shale   produc.on  is  the   primary  contributor  to   the  drop  
  3. 3. Consumer  Impact  •  MN  Consumes  roughly  2%   of    Natural  Gas  used  each   day  •  Usage  is  greater  per  capita   likely  due  to  hea.ng  load    •  Industrial  load  is  highest   component,  Electric  Power   is  lowest  
  4. 4. Consumer  Impact  •  Material  savings  are   accruing  to  MN  residents   and  businesses    related  to   Shale  driven  price  drops  •  Average  annual  savings  for   industrial  customers   exceeded  400  million   dollars  
  5. 5. Opportuni.es  •  Natural  Gas  prices  and   liquid  fuel  prices  have   separated  •  Rela.vely  high  spread   likely  to  con.nue  •  Fuel  Switching   Opportunity  
  6. 6. Opportuni.es  •  Natural  Gas  is   considerably  cheaper   than  gasoline  or  diesel   as  a  transporta.on  fuel  •  Significant  ac.vity   na.onally  and  in  MN   related  to  developing   natural  gas  fueling   infrastructure  
  7. 7. Home  Grown  Examples  •  CNG  Fueling  facili.es   have  been  installed  in   Blaine  (WM),  Buffalo   (Randy’s  Sanita.on)  and   Lakeville  (Dick’s   Sanita.on)  in  the  last   year.    •  U.S.  Energy  is  working   with  several  industrial   customers  who  are  in  the   advanced  stages  of   installing  fueling  facili.es.    
  8. 8. Home  Grown  Examples  •  CNG  Garage  Haulers  and  Dump  Trucks  are   built  in  Dodge  Center,  MN  by  McNeilus  Truck  
  9. 9. Risks  •  Regulatory:  EPA  regulatory  changes  •  Legisla.ve:  Congressional  or  State  Ac.on  •  Market:  LNG  Exports  •  Bo[om  Line:  MN  Consumers  are  saving  over  1   billion  dollars  per  year  in  energy  costs  and   those  savings  could  go  away  quickly!  

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