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April 18, 2012
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News for and about the propane industry

  Top Story 
  • Road show featuring autogas vehicles marks industry's 100th year
    The Propane Clean Air Rally and Autogas Parade on Saturday in Atlanta marked the opening of the U.S. propane industry's centennial celebration. The Southeast Propane Autogas Development Program showcased more than 50 propane autogas-powered vehicles during the road show. The event, which was hosted by the National Propane Gas Association and Clean Cities-Atlanta, promoted the fuel as a viable option to power fleets. (Australia) (4/17) LinkedInFacebookTwitterEmail this Story
  Market Intelligence 
  • Energy firms continue drilling despite glut, experts say
    Some energy firms are pushing through with their natural gas drilling operations -- despite the overabundance of natural gas in the U.S. -- because they're pursuing valuable natural gas liquids such as propane, according to Tulane University professor Peter Ricchiuti. Other gas producers continue drilling to hold onto their drilling leases. "In the long term, you've got all these positives. It's clean burning, it's domestically produced [and] it's abundant. [It] has all of these great properties. It seems like a godsend, but at least in the short term, we're in real trouble," Ricchiuti said. National Public Radio (4/17) LinkedInFacebookTwitterEmail this Story
  • U.S. natural gas futures sink to new 10-year low: Natural gas futures in the U.S. sunk to a new 10-year low Tuesday, despite a WSI prediction that temperatures in the Southeast and Midwest would be moderately warmer in the next 10 days than earlier predicted. "We got some heat [Monday], but [there's] nothing really in the forecast that's going to inspire people" to purchase the fuel, said Schork Group President Stephen Schork. The supply glut has some market analysts worrying that the U.S. might soon run out of facilities to store the excess fuel. The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (4/17) LinkedInFacebookTwitterEmail this Story
  • Frito-Lay to add 67 CNG trucks to its fleet
    Frito-Lay is adding 67 trucks powered by compressed natural gas as it seeks to reduce its carbon footprint and slash fuel costs, the company announced Tuesday. Frito-Lay also unveiled plans to transition most of its longer-range vehicles to CNG and liquefied natural gas. "The payback for the extra cost of the natural gas trucks is a year and a half, so it's a little bit of a no-brainer. We retire approximately 125 tractors a year, and we plan to replace as many of them as we can with natural gas," said Senior Director of Fleet Capability Michael O'Connell. The New York Times (free-article access for SmartBrief readers)/Wheels blog (4/17) LinkedInFacebookTwitterEmail this Story
  • Other News
  Research & Development 
  • Encana finds investment partner for Wyo. natural gas field
    Contango Oil & Gas' Exaro Energy will invest about $380 million in Encana Oil & Gas' Jonah natural gas field in Wyoming in exchange for shares in the field. Last year, Encana drilled approximately 71 wells in the field and produced 497 million cubic feet of natural gas equivalent. "We are pleased to be partners with our investment group and Encana in one of the premier gas fields in North America," said Kenneth Peak, chairman, CEO and director of Contango. Star-Tribune (Casper, Wyo.) (tiered subscription model) (4/16) LinkedInFacebookTwitterEmail this Story
  Safety & Training 
  • ExxonMobil chief defends safety of shale-gas development
    ExxonMobil Chairman and CEO Rex Tillerson said that the shale natural gas drilling boom in the U.S. is the oil and natural gas industry's latest achievement, and it is good news for the country and the rest of the world. "The most important thing for people to understand about shale gas is it's just yet the next big resource opportunity for us," Tillerson said. "The world's economy has a voracious appetite for energy, so thank God we can do this." CNNMoney/Fortune (4/16) LinkedInFacebookTwitterEmail this Story
  Leadership & Management 
  • How to keep your workers happy
    Most people who quit their jobs do so not because they're underpaid, but rather because they're understimulated and unfulfilled, writes Joel Garfinkle. To reduce turnover and boost productivity, give your team problems to solve and the leeway to make their own decisions. "People tend to enjoy their work more when there is some sort of challenge involved," Garfinkle writes. SmartBrief/Leadership (4/16) LinkedInFacebookTwitterEmail this Story
  • Why didn't Kodak build Instagram?
    Instagram's founders built a billion-dollar photo-sharing business in a matter of months, even as established film and photography giant Eastman Kodak spiraled into bankruptcy. That's a sign of just how powerful corporate culture can be in either spurring or stalling the innovation process, says Kodak board member Michael Hawley. "It's a little like asking why Hasbro didn't do Farmville, or why McDonald's didn't start Whole Foods," he explains. "Cultural patterns are pretty hard to escape once you get sucked into them." The New York Times (free-article access for SmartBrief readers)/Bits blog (4/15) LinkedInFacebookTwitterEmail this Story
  PERC News 
  • Kodak Moment for Propane Industry
    Kodak Moment for Propane Industry  
    The Propane Clean Air Rally and Autogas Parade, which kicked off the propane industry's centennial celebration in Atlanta last week, was "a Kodak moment -- in more ways than one," says PERC President and CEO Roy Willis. "For the propane industry, that parade ... represents our embrace of innovation in a changing marketplace, our opportunity to free ourselves from overdependence on the weather." Read more. LinkedInFacebookTwitterEmail this Story

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A daydreamer is prepared for most things."
--Joyce Carol Oates,
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The Propane Education & Research Council promotes the safe, efficient use of odorized propane gas as a preferred energy resource. The Council was authorized by Congress with the passage of the Propane Education and Research Act (PERA), October 11, 1996.

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