The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, as well as analysts Matt Argersinger and Jason Moser, discuss the top business and investing stories of the day.
In a CNBC interview, Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) CEO Warren Buffett mentioned the potential of natural gas to fuel railroads such as his Burlington Northern Santa Fe. Do Buffett's comments suggest a big upside for natural gas? What are the implications for energy companies such as Cummins (NYSE: CMI ) , Westport Innovations (NASDAQ: WPRT ) , and Clean Energy Fuels (NASDAQ: CLNE ) ? In this installment of MarketFoolery, our analysts discuss the future of natural gas stocks.
The movement toward alternative energy is gaining momentum. One potential opportunity in this field is Clean Energy Fuels, which focuses its natural gas efforts primarily on trucking and fleets. It's poised to make a big impact on an essential industry. Read all about Clean Energy Fuels in our brand-new report. Just click here to get started.
The relevant video segment can be found between 7:56 and 10:17.
For the full video of today's MarketFoolery, click here.
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Report this Comment On March 04, 2013, at 9:59 PM, exenron wrote:
In the mid-eighties when I worked for Northern Natural Gas which was at that time the largest natural gas pipeline in North America, I worked on a project with Burlington Northern to test using compressed natural gas as fuel for their locomotives. They ran a iron ore train between Duluth and Minneapolis for an entire year. It was wildly successful. It was highly fuel efficient and there was less mechical problems than using their previous fuel, diesel oil. Burlington Northern is the largest purchaser of diesel in America after the US Navy. The NNG pipe runs roughly along the BN right of way. NNG was the cash cow which was by far the greatest income source of ENRON CORP. The BN was about ready to sign a long term contract for gas supply when Ken Lay seized control of ENRON and they backed out of the project. They had questions about the quality of the Lay regime honesty which were unanswered.
After Enron fell apart in the largest corporate fraud in the history of mankind fifteen years later, Daniel Dienstbier, the new Chairman and CEO of Dynegy and former President of NNG gave his friend, Warren Buffett a call who then purchased NNG from Dynegy and moved it back to Omaha where it started in the 1930s. Now Mr. Buffett owns both BN and NNG and this statement makes perfect sense and it a good business move.
Report this Comment On March 04, 2013, at 10:59 PM, jcahlquist wrote:
Ask yourself this buffet who is aligned with obama lobbied obama to kill the keystone pipeline. The keystone kill was to keep buffets train investments profitable in the crude transportation. Natural Gas is far far far more volatile then crude believe me I work in the oil/gas industry. How are you going to move this ng without massive infrastructure investments in gas header/distribution lines which the gas e&p doesn't have the capital to give up. Gas is not the play at the moment liquids is.
Report this Comment On March 05, 2013, at 6:15 AM, clangs3074 wrote:
Lets just ruin our homeland and kill some people for natural gas? the rich get richer and get all the money and live in there mansions! while people in the natural gas areas lose there homes, might die, most of there land will turn brown, can't grow crops. natural gas is destructive and evil!
Report this Comment On March 05, 2013, at 9:12 AM, jcahlquist wrote:
clang are you referring to fracking technology which is separate from the cementing casing technology. Fracking occurs at 4500ft+ which is far below aquifers. The cemeting of a casing is at the very top which is above the aquifers and there are no perfs anywhere near the top. Before fracking/perfs happen the casing under gos high pressure tests. There has been one reportable casing failure that caused issues and the crew was not following SOPs. On the other hand wind power causes vibration and noise pollution and solar use highly toxic chemicals in the manufacturing process. All forms of power have negatives and positives. Only the politician is 100% negative power.
Report this Comment On March 05, 2013, at 10:27 AM, CountCrisco wrote:
Think of a world where we were not tangled knee deep in middle eastern feuds older then the Pyramids and our energy was within our borders. Maybe our borders would mean more.
Report this Comment On March 05, 2013, at 11:35 AM, landrefugee wrote:
Why is it that people who oppose natural gas and fossil fuels the loudest are the ones that use it the most... the ones who actually create the market.
The farms that will provide this cleaner burning fuel are not the consumers and are stuck paying 4 times more for fuel oil deliveries to heat their country homes as there are no companies running N/G pipelines to homes that are a mile apart it's not economiclly viable. Soldiers are dying everyday on foriegn sands to protect what we have right here t home
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