Natural gas is cheap. Whenever a commodity gets cheap, people start looking for new ways to take advantage of the glut. In the case of gas, its traditional uses are being eclipsed by power generation and a few others you might not have imagined. Gas-powered air-conditioning is widely popular in Europe, but only recently started gaining traction in North America. Diesel locomotives retrofitted to run on natural gas can lower their total fuel costs by as much as 50%. The expansion of natural gas into transportation, according to American Gas Magazine, has even extended to cruise ships, where gas helps meet new European Union emissions rules. The real question, of course, is what happens when gas prices rise.
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