Wayne: I don't know if you were watching the posts concerning NG and vehicles.
Here is another story about that trend.
I believe that this is the future, and while NTAH is obviously not going to supply all the NG to vehicles, I believe that when our Matagorda property gets drilled, we will benefit from this trend in the future.
(I would imagine that if we have as much gas there as they have said, we must have about 30-40 years worth)
I believe that NG prices will rise because of increased demand from it's use in vehicles.
That can only be good for NTAH, if you are a long termer.
biz.yahoo.com
Friday October 23, 3:00 pm Eastern Time
Company Press Release
SOURCE: American Honda Motor Co., Inc.
California to Purchase 50 More Natural Gas Powered Honda Civic GX Clean Fuel Vehicles
State Expands Fleet After Initial Experience With Civic GX
TORRANCE, Calif., Oct. 23 /PRNewswire/ -- The State of California has agreed to purchase 50 additional natural gas powered Honda Civic GX vehicles to add to its initial fleet of five.
''California has been a leader in integrating alternative fuel vehicles into its fleet to comply with Federal mandates,'' said Steve Ellis, sales and marketing manager for alternative fuel vehicles at American Honda. ''As a dedicated natural gas vehicle, the Honda Civic GX not only meets these mandates, it goes further by delivering environmental benefits at all times, unlike flex-fuel vehicles, which are often run on regular gasoline.''
Built at the Honda of America Manufacturing, Inc. East Liberty Automobile Plant in Ohio, the Civic GX was recently certified by the U.S. Environmental Protection Agency (EPA) as the cleanest internal combustion vehicle ever tested. Introduced earlier this year, it produces emissions at approximately one-tenth of California's stringent Ultra-Low Emission Vehicle (ULEV) standards, and boasts a 20 percent reduction in greenhouse gas emissions compared to an equivalent gasoline vehicle.
The 1.6 liter 4-cylinder Civic GX engine design is so revolutionary it has earned Honda 13 patents in the United States and 39 in Japan. With the cost of natural gas considerably lower than gasoline, and because clean fuel reduces engine wear and tear, Honda's Civic GX customers also enjoy considerable maintenance cost savings.
''The Civic GX delivers both environmental and economic benefits without compromising performance, reliability or styling,'' Ellis added.
The Civic GX has a real world driving range of about 200 miles, and comes fully equipped with dual airbags, AM/FM stereo, power windows and door locks, air conditioning and many other standard features.
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