Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Snowshoe	8/4/2008 9:02:39 AM
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Aubrey K. McClendon snippet on natural gas vehicles... Well, in some ways its already happening. Close to 20% of America’s bus fleets already run on natural gas, many municipal fleets cars and trucks are beginning to [inaudible] Los Angeles and Long Beach go to 100% natural gas by the end of this year. Kenworth and Peter Built are coming out with tractor Trailer cabs that are natural gas, those will be out by the end of this year. So, if you’re a shipper of a good across this country and for the last couple of years you’ve been hit by fuel surcharges, I think you’re going to be asking your trucking company why they haven’t bought natural gas engine trucks to haul your products because when they do so you’ve got diesel prices at $5 and natural gas price equivalency of about $2. I think there will be enormous pressure for the shipping sector here, for the truck fleet to move to natural gas very quickly. Source: Seeking Alpha... seekingalpha.com

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