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Hi Steve and Cali, welcome to the KNIC thread.
1) Steve, in answer to your question, PURE is N0N-Petroleum based, they would not be considered an "alternative Fuel" by the DOE if it wasn't.
2)PURE ENERGY's fuel is not meant to replace gasoline today. PEC is targeting its captive market, the fleets. Comprising 5,000,000 vehicles, its not something to laugh at. Since they have the best alternative fuel, they will capture most of the market. This market alone should provide PEC with $3-5B in annual revenues. And thats only the U.S. market. The market overseas for PURE could dwarf the domestic market, especially in markets which rely on Middle East oil for 100% of its internal consumption such as Korea, Japan, Thailand, Korea, China.
3)I think Tom, unless he was holding privedged information, meant that PURE would replace gasoline as the fuel of choice in 15+ years. Believe me, GIANT OILS would much rather allow an "alternative fuel" take away its market share than suffering the indignity of allowing electric cars take over their market. At least they can sell Pure Energy's fuel at a nice profit, but how could they sell electricity? Eventually the U.S. and other governements will force their hand. |
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