Another day, another U.S. company announces that it is deploying a fleet of natural gas vehicles. This week, it's Haliburton's (NYSE:HAL) turn: The company will be adding 100 natural gas vehicles to its fleet. Vehicles aren't the only way this company is betting on natural gas, though. Halliburton and its partners have also successfully completed a well, but they did so using natural gas instead of diesel fuel as a power source.
The fuel savings for 100 natural gas vehicles may not change Halliburton's income statement much right now, but moving to natural gas will certainly take a bite out of costs. Its also easy to imagine that natural gas drillers will like seeing these vehicles show up on site. In this video, Fool.com contributor Tyler Crowe looks at why although this story may seem small, these small stories will all add up to something big for the industry.
Motley Fool contributor Aimee Duffy owns shares of Ford. Motley Fool contributor Tyler Crowe owns shares of Westport Innovations. You can follow them both on Twitter @TMFDuffy and @TMFDirtyBird, respectively.
The Motley Fool recommends Ford, Halliburton, and Westport Innovations. The Motley Fool owns shares of Apache, Ford, and Westport Innovations. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.