Will We See a Larger Commitment to Natural Gas Vehicles?

Last month Chesapeake Energy  (NYSE: CHK  ) , the second largest U.S. producer of natural gas, terminated its natural gas vehicle team. Since then, speculation has circulated that the E&P giant is leaving the natural gas vehicle market. Sure it was a surprise to see the natural gas vehicle team laid off, but it seems this move was really done to foster a more coordinated approach in supporting this promising market.

Chesapeake is now hoping industry partners (corporations and trade associations) become more active in championing the benefits of using natural gas to fuel transports. To me this implies that Chesapeake, which still maintains a relationship with General Electric  (NYSE: GE  ) for CNG In A Box, doesn't want to be the only big player standing on the soap-box, and this is likely why Lawler let the team go.

UPS  (NYSE: UPS  )  is accelerating its presence in liquefied natural gas (LNG) fueling stations. Cummins Westport, a joint venture of Cummins and Westport Innovations (NASDAQ: WPRT  ) , received an Advanced Technology Award for its natural gas engine technology, which can help the U.S. lessen dependence on foreign oil. Additionally, General Motors  (NYSE: GM  )  recently announced it was building a bi-fuel version of the 2014 Chevrolet Impala that can run either on gasoline or CNG.

A revolution in fuel
One home run investing opportunity has been slipping under Wall Street's radar for months. But it won't stay hidden much longer. Forward-thinking energy players like GE and Ford have already plowed sizable amounts of research capital into this little-known stock… because they know it holds the key to the explosive profit power of the coming "no choice fuel revolution." Luckily, there's still time for you to get on board if you act quickly. All the details are inside an exclusive report from The Motley Fool. Click here for the full story!


Read/Post Comments (0) | Recommend This Article (3)

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.

Be the first one to comment on this article.

DocumentId: 2691770, ~/Articles/ArticleHandler.aspx, 7/30/2014 7:30:41 PM

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