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Westport Innovations (WPRT -1.4%) and Clean Energy Fuels (CLNE -6%) tumble lower after a failed...
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Tuesday, March 13, 2012, 3:59 PM ETWestport Innovations (WPRT -1.4%) and Clean Energy Fuels (CLNE -6%) tumble lower after a failed U.S. Senate vote to grant tax breaks to natural gas trucks.
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50% lower fuel prices are a pretty good incentive...
All the government needs to do is get the hell out of the way of the open market, supply and demand, and stand back. Private businesses will figure out how to do it, with the incentive of the money to be made. Obama was chanting about a govt team of scientists to figure out how to use more nat'l gas as fuels.....
Again, if he'd look around he'd see that pvt enterprise is alread doing it...i.e. Cummins, and the "big three". - GM, Chrysler and Ford alread have these pickups out there.
Tom Stockman