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Mayors at Annual U.S. Conference Jump on Natural Gas Vehicle Bandwagon

NY Times Reports America's Mayors Urging Congress to Pass NATGAS Act

By Nick Hodge
Friday, June 25th, 2010

As if BP didn’t do enough to secure the rise of natural gas in America, you can now thank your local politicians, too...

Mayors from various cities and towns across the United States gathered for the 78th annual U.S. Conference of Mayors meeting in Oklahoma City this past week.

For the duration of the conference, the mayors had the opportunity to experience first-hand the benefits of clean burning natural gas vehicles as they were shuttled around in natural gas vehicles sponsored by industry leaders and the American Lung Association.

This demonstration of the advantages of natural gas was meant to coincide with an endorsement of the clean burning fuel by the group — which is about to prove to be quite the blessing for natural gas industry investors.

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You see, the Conference is calling Congress and the White House to pass the “New Alternative to Give Americans Solutions” (NATGAS) Act — a bill which establishes massive tax credits and federal incentives for natural gas vehicles.

In addition to the tax relief for vehicle purchasers and manufacturers, the group is also urging the Feds to renew another bill which would continue a $0.50/gallon tax credit for compressed or liquid natural gas fuel.

And they’re not just harping on financial relief; the mayors are also calling for expanded federal research into natural gas engines.

American Clean Skies Foundation CEO Gregory Staple says, "This resolution proves that mayors are keenly aware of the role natural gas can play in decarbonizing their cities and spurring the local economy. The low-cost opportunities to run municipal fleets on natural gas would result in budget savings and cleaner air, especially compared to diesel."

Now’s the time to invest in natural gas vehicles

With federal and local endorsements and tax incentives, the future for natural gas vehicles has never looked brighter.

The fuel price has never been lower, and several companies are already banking on the future of natural gas vehicles.

One of these is Clean Energy Fuels (NASDAQ:CLNE), a natural gas refueling company owned by oil tycoon T. Boone Pickens.

Their stock is up over 317% since October 2008. It is expected to climb dramatically with the expansion of natural gas vehicles across the public and private sectors.

In fact I just put the finishing touches on a report that details a company that produces engines that run on natural gas. This outfit has already signed contracts with Wal-Mart, Peterbilt, and Volvo. And lately it's been busy building bus engines for India and much of Europe.

I have a good feeling they’ll make Clean Energy Fuels’ 317% gains look like pennies in the bucket...

You can read all about it right here.

Consider it your investment guide to getting in on the inevitable natural gas revolution.

Call it like you see it,

nick

Nick


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Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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Comments:

Comment by Richard Elder on 2010-06-25
The Silver Bullets are flying at an ever increasing pace as we near the end of the Age of Petroleum. In the past decade the Hydrogen Economy has come and gone, Corn for Cars only lasted three years, Drill Baby Drill has turned into a Gusher of black death, and now the Pickens Plan is at bat.

NG is portrayed as the Green Way to keep driving overweight cars suitable for overweight Americans, but this future scenario has a few holes in it. (apart from the fact that it too is a non-renewable energy source).

Hidden in the bushes is the fact that NG is a 25 times more potent a greenhouse gas than CO2. While it burns cleaner than coal or diesel, it is a gas rather than a liquid. Leakage between the wellhead and the home heater or industrial furnace has been calculated to lower its total efficiency advantage over coal by half.

As soon as we begin to refill trucks and automobiles millions of times per day the leakage factor will increase exponentially, and diesel will be the green alternative! Of course by that time a whole new generation of Climate Changers will be on the road.
Comment by B Castle on 2010-06-26
See the documentary GASLAND !
Comment by Tom D Stevens on 2010-06-26
As long as it doesn't come from shale; see the movie "Gasland". Too much water & chemicals used indiscriminantly hurting too many people. Why is gas & oil from Canada put down as "Foreign energy"? They don't use as much water to get the oil out of the tar sands, and are building pipelines for the gas in the domes under the Arctic near the North Slope.