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Josh Brown thinks $108 oil has launched momentum to bring government support to the development...

Josh Brown thinks $108 oil has launched momentum to bring government support to the development of natural gas vehicles, taking advantage of "our cheapest, most abundant domestic resource." Names to watch: Fuel Systems (FSYS), Westport Innovations (WPRT), Cummins Engine (CMI), and T. Boone Pickens' Clean Energy Fuels (CLNE).
Comments (3)
  • Sure thing...as long as Boone Pickens pays for it and not the U.S. taxpayer. We need to get rid of the corporate welfare we already have, not add more.
    8 Apr 2011, 09:59 AM Reply Like
  • Good point. As oil based fuel becomes more expensive, the shift to natural gas fleets can be cost justified. As the fleets grow and there is demand for more serving areas, the infrastructure will grow and private vehicles will start switching over. And it will be self sustaining and not the result of the work of another government bureaucracy.

     

    Disclosure: Long ng lps
    8 Apr 2011, 11:03 AM Reply Like
  • The entrenched oil interests, and the military industrial complex that's been grown to protect it, certainly presents a challenge to surmount if left to market forces. I'm not sure how we unwind that colossal mess.
    8 Apr 2011, 11:40 AM Reply Like
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