Fuel market i.e. coal, gas and oil market are interrelated to one another. When price of oil become higher than consumer increase the use of gas as a compliment of oil. Because of higher oil and gas price people are now concentrating on alternative source of energy. It is the only solution of reducing higher living cost. The usage of gas in our everyday life is inevitable. Natural gas is one of the best alternatives to oil. It is also very much convenient for environment. Natural gas is given the status of the cleanest of the fossil fuel (Eric & Smith 2002, p.39). The united states have an ample reserve of natural gas. Natural gas plays an important role on the development of socio-economical condition of the country. Households and large-scale commercial industries largely depend upon the natural gas. So any interruptions in the supply of natural gas can hamper the smooth flows of our daily life. The demand of natural gas is increasing rapidly. Because of new houses and industries which run on natural gas are establishing day by day. This increasing demand for natural gas makes imbalance between the supply and the demand process. This imbalance keeps the prices of natural gas up. The alternatives source of energy can be the best solution of rapid energy demand. The sources of energy, which are considering as an alternative to gas, are solar power, wind power, and biomass or bio-fuel etc.
There are some alternative sources of energy. Some of them are described below-
• Bio-fuel is one of the best alternatives of fossil fuel. The use of bio-fuel is increased all over the world. Bio-fuel industries are expanding in Europe, Asia and in USA. Human have used biomass fuel for heating and cooking since the discovery of fire.
• Crops such as grain, vegetable oil and sugar are the main component of bio-fuel. Bio-fuel resources are available in every country. It will reduce the emission of green house gas and it is cheaper to produce. Bio-fuel can be used to generate electricity. It is also able to operate vehicles. We can cook by using bio-fuel.
• Solar energy can also be alternative sources of energy. We can easily obtain electricity from sunlight. There are several kinds of device that are available in market can convert sunlight into electricity. We can use a solar power for various purposes such as –
• Space heating and space cooling system can be operated through solar system (Lof, 1980). It can be used for lighting. Many solar energy driven cars are available in market. Solar energy can be used for cooking. The main advantage of solar energy is, it is cheaper and positive to environment.
Fuel demand is increasing with the increase of population. Natural resources like oil gas are limited and it will be exhausted in course of time. So, alternative source of energy can be the best solution for the future demand of fuel. If we are able to explore alternative renewable energy sources it will reduce our dependency on natural gas.
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