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Gold/Mining/Energy : Clean Energy Fuels (CLNE)

CLNE 2.230

+2.8%

Dec 24 12:59 PM EST

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From: FJB	10/5/2015 6:28:29 AM
	of 111

3 Surprising Negatives of Low Prices at the Pump There are some surprising downsides of the drop in gasoline prices. Low oil and gasoline prices have been a boon for American families and businesses, but the news hasn't been good for everyone. Businesses that benefit from high oil prices have been crushed and innovation in the energy space may come to a standstill. Here are three downsides of low oil and gasoline prices that you may not have thought of. Travis Hoium A few years ago, it seemed like a no-brainer that natural gas fuel would become a major provider of energy for vehicles large and small. Big, long-haul semi trucks seemed like the fuel's ideal market because of the potential savings natural gas provided over diesel, and building out infrastructure isn't as hard as it would be for passenger vehicles. That was the thought, anyway. Clean Energy Fuels ( NASDAQ:CLNE) and Westport Innovations( NASDAQ:WPRT) led the charge into natural gas fuels. Clean Energy Fuels built the Natural Gas Highway, a network of fueling stations around the country that would allow long-haul trucks to run on the fuel. Westport made the technology and components needed to run engines on natural gas. But their fortunes have turned south along with the price of oil. CLNE data by YCharts. Low oil prices and the subsequently low cost of diesel and gasoline have blown up the investment thesis both for investors in natural gas fuel companies as well as for fleets considering making the switch to natural gas. Why go through the hassle of switching to natural gas given less infrastructure and the capital cost of switching engines when diesel is cost-competitive today? What's unfortunate is that this was an industry that once had a lot of promise for both cutting costs and reducing emissions from commercial fleets. Natural gas is cleaner-burning than diesel, and there's an abundant supply in the U.S. at fairly low costs. But low oil prices seems to have killed the natural gas fuel revolution before it ever really got started. Cont...

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