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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: upanddown who wrote (146287)3/5/2011 8:07:35 PM
From: richardred  Read Replies (1) of 206193
 
>Private industry should be taking the lead here. Why doesn't XOM install CNG pumps at a couple hundred of stations as a way to promote NG vehicle use? The cost would be peanuts to an XOM.

As I pointed out. A public company. UPS has started. As I responded to Bearcat on EOM. It isn't that XOM doesn't want demand for NG. (It's timing)Exxon/Mobil most likely doesn't want to spend the money on a CNG venture just yet. Until they see enough demand with a profitable return on investment. So timing is an important factor along with how capital intensive the long term venture might be. Someone can correct me if I'm wrong. It my understanding that EOM has exited in a big way from the refining and marketing of gasoline. They were not getting a good return for their investment. Just look at the balance sheets of pure play public refining and marketing companies.
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