Why Warren Buffett's Natural Gas Push Won't Amount to Much

In his latest letter to investors, Warren Buffett made headlines stating that "The railroads are definitely experimenting with converting to natural gas." While that sounds promising for the natural gas industry, there are a few good reasons that it probably won't amount to much.

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  • Report this Comment On March 07, 2013, at 6:54 PM, buffalonate wrote:

    The reason to get excited about natural gas is that everyone is trying to switch to use it. Truckers are switching, they are closing coal plants and building natural gas plants, they are building chemical plants to take advantage of our abundant natural gas reserves, and they are also planning on exporting nat gas. It will take a couple of years but by 2016 nat gas prices will be much higher than they are now.

  • Report this Comment On March 07, 2013, at 10:11 PM, gasblogger wrote:

    Natural gas is the future of energy. It is replacing dirty old coal plants, and dangerous expensive nuclear plants. It will fuel cars, trucks, vans, buses, locomotives, aircraft, ships, tractors, engines of all kinds. It costs far less. It will help keep us out of more useless wars, where we shed our blood and money. It is used to make many products. It will bring jobs and boost our economy. It lowers CO2 emissions, and pollution. Over 5,300 select natural gas story links on my free blog. An annotated and illustrated bibliography of live links, updated daily. The worldwide picture of natural gas. Read in 75 nations. ronwagnersrants . blogspot . com

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