General Motors Wants More Government Funding

In the following video, Motley Fool energy analysts Taylor Muckerman and Joel South discuss the current struggle to get a natural gas fueling station infrastructure built in the United States. General Motors (NYSE: GM  ) wants the government to subsidize an expansion of natural gas fueling stations across the country to provide more incentive for consumers to switch to these vehicles that are able to make use of the cheapernatural gas fuels.

America's Natural Gas Highway is almost here

Clean Energy Fuels  (NASDAQ: CLNE  ) is one step ahead and has over 70 fueling stations complete, in addition to its private fueling stations for airport, refuse and transit operations. The entire planned network of over 150 stations will go a long way towards providing consumers with enough opportunities to make this clean fueling movement viable. 

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. Learn everything you need to know about Clean Energy Fuels in The Motley Fool's premium research report on the company. Just click here now to claim your copy today.

In the video, Taylor tells investors the current state of this infrastructure and what opportunities we should be watching for as it expands.


Read/Post Comments (27) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 16, 2013, at 11:35 AM, Observero0 wrote:

    [ General Motors Wants More Government Funding ] ====================================

    Shades of crony capitalism at its worst. "Gov't Funding" is taxpayer theft. We need to stop this right now. Not one bleeding more cent GM! If you can't run your business without taxpayer money, you don't deserve to be in business!

  • Report this Comment On March 16, 2013, at 11:42 AM, Plaintired wrote:

    No more money for Government Motors! How much did their executives pocket since the bailout? That's where any further tax dollars would go, anyway.

  • Report this Comment On March 16, 2013, at 11:49 AM, kena2mi wrote:

    Observero0, way to read and have a knee-jerk response to a headline without reading any part of the article itself. Despite the misleading headline, it defies common sense to believe that General Motors or any other automaker should be responsible for building refueling stations, and nowhere in the article does it say anything about any money going to GM. Frankly, I cannot remember the last time I filled the tank on my Chevy at a GM gas station. One of the problems with relying entirely on the private sector with new technology like this is that until we reach a tipping point, where we have enough privately owned vehicles running on natural gas and electric vehicles on the road for it to be profitable to build or retrofit refueling stations to serve them, it ain't gonna happen, and until the refueling stations exist, people won't start buying the cars in large numbers- and the oil monopolies will continue to have us by the you-know-what.

  • Report this Comment On March 16, 2013, at 11:52 AM, kena2mi wrote:

    Ditto for Plaintired; try actually reading the article before responding to it, lest you enjoy looking deliberately ignorant. I'm guessing you're one of those folks that just forwards anti-Obama chain emails to your 50 closest friends without bothering to spend 30 seconds fact-checking the gossip that you're spreading.

  • Report this Comment On March 16, 2013, at 12:02 PM, RHO1953 wrote:

    How long is natural gas going to be cheap if we start using it to fuel millions of vehicles? We will inflate the cost and be sorry when the heating bill comes. We have stinkloads of oil under our feet, we should be using that resource, and we should be building refineries.

  • Report this Comment On March 16, 2013, at 1:09 PM, waytostupid wrote:

    So if they want GOV to help them then what are they going to do for the GOV nothing just get richer and richer laughing all the way to the bank. He business is business and if you go under you go under. So to bad and the hell with GM their vehicles suck anyway..

  • Report this Comment On March 16, 2013, at 1:13 PM, waytostupid wrote:

    Gm should not be demanding anything. Right now we are in a crisis and building more stations to help them sell cars should not even be considered. I iwll never swithc to these vehicles. Will be sticking with my gas guzzlers and no i dont care what people think about me. Sick of my tax dollars going to help business or other countries that just dont care.

  • Report this Comment On March 16, 2013, at 1:34 PM, nocandodo wrote:

    In the future it would be a good idea if you read the article before posting an uninformed comment. I am always amazed at how many of you hate America and anything the government will or would try to do to improve our sagging and lagging infrastructure.

    But Americans are suffering with A.D.D. and could care less about the future. Even your friends at Toyota were for the bailout of the American auto industry due to the collapse of suppliers if they were allowed to go out of business. Then you complain and want them to fail, you don't know the meaning of patriotism and the love of country.

  • Report this Comment On March 16, 2013, at 1:50 PM, notsowrong wrote:

    Gee I thought everything was going so well according to oboma motors....silly me.

  • Report this Comment On March 16, 2013, at 1:56 PM, tucker47 wrote:

    Kena2mi, No it just says it in the Headline of this article. If you do not have anything positive to say?

  • Report this Comment On March 16, 2013, at 1:59 PM, tucker47 wrote:

    Nocandodo, I am sure everyone read thye article if you can call it that, and as far as people hating America, you but be another bleeding Obamabot. People like you have destroyed this country.

  • Report this Comment On March 16, 2013, at 2:00 PM, dunce1239 wrote:

    Note what happened in Washington state, they are proposing a tax on electric cars to replace the fuel taxes they are not paying. The only reason to install fueling stations would be to separate home use and transportation uses for taxing the one while keeping costs down for heating users. Large scale changes would cause major state budget problems, not that they could not be handled but do not think it will be easy. There was no mention of tax consequences though they are at the center of the problem, who cares about taxes or death?

  • Report this Comment On March 16, 2013, at 2:04 PM, Promod58 wrote:

    Need funding? How could you possibly? I had read about GM's great profitts . I bought a 2012 GMC Sierra SLT in Aug 2012 for $45k, now figure all of them sold last year ,GM is doing a great job of making money, probably last new truck I will be able to afford.

  • Report this Comment On March 16, 2013, at 2:05 PM, adamperu wrote:

    I live in Peru. The government has invested billions in extracting natural gas from the jungles, both for national consumption and export. They have also invested considerably in pipelines to deliver the gas to the capital (Lima), where the majority of gas stations are now connected to the natural gas lines. We've had conversion kits available here to convert gasoline and diesel powered vehicles to natural gas or propane for years. These are not do-it-yourself kits; you must get purchase them, have them installed, and regularly maintained by licensed mechanic shops.

    Gasoline costs $5-$6/gallon here in Peru. Natural gas costs 1/2-2/3 that amount. The savings add up. If a country like Peru, considered by many as "third world" could invest in and exploit natural gas reserves, how much more could a country like the United States do so?

    Our neighboring country, Bolivia, has invested even more in the exploitation of natural gas, and has many more gas stations throughout the country to fill cars powered by natural gas. The US is years behind much of the world in the area of alternative energies.

    For a long-term investment, I would seriously consider alternative energy stocks such as CLNE mentioned in the above article.

  • Report this Comment On March 16, 2013, at 2:15 PM, Kommon wrote:

    First this title is misleading. It invites the knee-jerk reactions from partisans who can't separate politics from common sense.

    Instead of needlessly paying billions a year in subsidies to big oil, which does nothing but keep us dependent, why not use that money to subsides expansion of natural gas stations?

    This plan will reduces our dependence on foreign oil and prices at the pumps. Claims that GM only wants this to help them sell vehicles is narrow minded given the huge advantage this could bring to the public and national security.

  • Report this Comment On March 16, 2013, at 2:46 PM, DBGator wrote:

    NO MORE MONEY FOR G MOTORS!! Why not let the oil/natural gas companies who are reaping HUGE profits build their own fueling stations???

  • Report this Comment On March 16, 2013, at 2:55 PM, stokes22 wrote:

    We don't want electric cars, and are perfectly happy with gas and oil. There is plenty in the world, don't be fooled by the left of the doom and gloom of running out. We need to drill 20 years ago, not keep throwing money on battery plants that close after 6 months on the gov't dole. We want our muscle cars back with real American made steel, not these aluminum can cars from China and GM. The only reason GM's volt is still even on any ones lips is the tax payer after paying to make it, then payed to make up the shortfall in how much it really cost, then bought up a whole fleet to be used by the gov't agencies, just to make it look like it was even going somewhere. We have paid for these cars three times already and we still don't have a place to charge them up, so now the GOV't wants more money to make their assault on the oil industry more intense. DOn't be fooled. There was nothing wrong with the 66 pontiac and the 72 buicks and oldsmobiles they actually lasted longer than any vehicle these days and you could survive a wreck in one.

  • Report this Comment On March 16, 2013, at 3:42 PM, murphinator1 wrote:

    the government would be smart to invest in streamlining alternate energy supplies so consumers have more choices , more choices will bring costs down instead of allowing the oil companies to continue with their monopolies. Included in this should be a mandate for all stations in all states to have at least one blender pump where you can choose from several ratios between 10 & 85 % ethanol (e85) I currently have to drive 2 states away to buy e85 , been waiting for years to have it here. If you arent aware how good this fuel is search you tube and watch what hot rodders are doing with this superior fuel that can make more power for $3 a gallon than $12 a gallon race fuel , get the supplies in place so vehicles can be made to primarily run on ethanol and also able to run on gasoline and you will see it shine , right now flex fuel vehicles are engineered to run on gas but can also run on ethanol. straight ethanol can support all the way up to 19 to 1 compression lets see any gasoline do that - it cant...

  • Report this Comment On March 16, 2013, at 4:40 PM, Kevin32549 wrote:

    Sorry murphinator but you obviously don't know about the problems of blender pumps. Any place that sells E85 needs to have it dispensed form a dedicated pump. There will always be leftover fuel in the line from the previous dispensing and any amount of extra ethanol such as that found in E85 is VERY harmful to all vehicles not built as flex fuel types, especially if it was going into a small tank such as that found on a motorcycle or the portable tank you use for your lawnmower or snowblower. That's the reason most automobile manufacturers won't cover damage caused to your car by ethanol. Ethanol is extremely corrosive and unless the tanks and lines are made of stainless, damage will occur. Hot rodders do make a lot of power with E85 but it takes an extra 15% of fuel to make the same amount of efficiency as straight gasoline without any ethanol. If you're ever anywhere that is selling non-ethanol gas, and it can be found, try running a couple tanks of it and see how much your mileage improves because it's so much more efficient. This has been proven over and over so don't go thinking E85 is the answer.

  • Report this Comment On March 16, 2013, at 4:46 PM, TheSodee wrote:

    Although it sounds like a good ideal for the gov't to invest in the infrastructure of such plants. One has to remember the trac record of this current administration. I.E solar companies.

  • Report this Comment On March 16, 2013, at 8:03 PM, DR1P wrote:

    Yes, it is true that, contrary to the headline implies, General Motors isn't asking for any direct funding from the government. With that being said, they ARE asking the government to fund something that will directly benefit from. This infrastucture will make some of their vehicles financially practical to more of the population. Vehicles that, without this infrastructure, are currently NOT financially practical for most of the general public. No, General Motors will not be getting the money "directly", but they WILL be directly benefiting from the infrastructure. If this is such a good idea for the country, then why can't GM get some other company, whether it be energy companies already in the business, a venture capital firm, or whatever, to invest in building the infrastructure... or build it themselves?

  • Report this Comment On March 16, 2013, at 11:15 PM, fastestnascar wrote:

    natural gas, hydrogen, and many other fuels being developed as we speak are in FACT free for our taking from above & below the earth's surface.

    many of us forget this fact, however, there are these little known processes which turns these "RAW" fules into clean or down right nasty energy sources.

    refinery costs are the main focus of the actual costs involved in convergence from a "RAW" material into useful energy.

    american's get your heads out of the sand and meet head to head for solving the refinery processes which sets costs for the gasoline, kerosine, diesel which we all depend upon carrying our every growing weight issues.

    what are we truly fighting 4 overseas?

    our interests are the death's of us all!

  • Report this Comment On March 17, 2013, at 8:17 AM, peksgirl wrote:

    They do not deserve any more money from the government or should I say ...taxpayers!! All they have to do is stop paying out so much to the big wigs.....It is ridiculus what they get paid...I am a "Ford" girl anyway!! :)

  • Report this Comment On March 17, 2013, at 8:58 AM, AeroDesign wrote:

    No more Government funding for commercial entities. Government involvement ALWAYS produces a skewed market and DECREASES competition. Ethanol has a lower specific energy than gasoline and hydrogen, is hydroscopic and corrosive to engines and their fuel systems. Natural Gas is a good alternative but until there is a TRUE financial incentive both from the production AND user standpoints, it will continue to be used only in industrial and agricultural settings.

    All the fairy-tale pie-in-the-sky wonderings of those who don't know or understand facts and engineering science will not produce true revolutionary personal transportation alternatives to hydrocarbon fuels (which, it appears, ARE NOT "fossil fuels" at all!)

    My suggestion; get a bicycle and start exercising.

  • Report this Comment On March 17, 2013, at 9:10 AM, AeroDesign wrote:

    And by the way; are you kidding? 150 stations? I ilve in a SUBURB city of St. Louis, Missouri. There must be over a thousand filling stations in this greater metropolitan area ALONE. 150 stations wouldn't even get the ball rolling. I drive three Fords and a Volkswagen TDi Diesel Golf, trying to find filling stations that supply the "clean" Diesel for my Golf is so problematic that Volkswagen provides a data-base on the Dash-board Navigation system to get you to the nearest Diesel station. Of the thirty or so stations withing 4 miles of my home, only ONE (1) carries Diesel fuel. The Golf gets an average fuel milage of 38-40 MPG and has a six-speed manual and hauls A$$ (and trailers). It is as fun to drive as my 385 HP/465Ft/Lb (modified into a 1993 "Cobra" R spec) 1986 Ford Mustang GT five-speed and gets three times the gas milage. I fill up the 14-gallon tank about once a month and drive 500-600 miles on a fill-up.

  • Report this Comment On March 17, 2013, at 11:37 AM, MkeLHawk wrote:

    Instead of thowing 200,000,000,000 + a year to dozens of countries for foriegn aide, I say help out failing coporations with that cash and create some real career type jobs. Some folks are against this, but if the government is going to waste our tax dollars, I would rather see it waisted in the US than on foriegn aide. Especially for countries like Pakistan. We give them billions per year and they hid binladen from us. Fuq them.

  • Report this Comment On March 17, 2013, at 8:37 PM, bobluvit wrote:

    I believe there's a thing called banks

Add your comment.

DocumentId: 2316727, ~/Articles/ArticleHandler.aspx, 4/24/2014 1:50:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement