Natural gas demand

[ArtM72]

Here's a link to an article about a UPS executive's testimony in Washington about their growing interest in natural gas as a transportation fuel.  (Thanks to Keesindy over at the IV CPST site).  http://3blmedia.com/News/Natural-Gas-Shifting-Higher-Gear#.dpuf

While the point of the testimony was to get Congress to tax LNG on an equal footing with diesel, my takeaway was the trucking industry and its customers are ready to generate a major new demand for LNG, a new demand for the fuel which can be expected to be seen throughout the world.

[jft310]

T Boone Pickens has been promoting gas as a transportation fuel for several years . Two companies are building out the refueling stations . Congress can help with favorable legislation.

[ArtM72]

T Boone Pickens has been promoting gas as a transportation fuel for several years . Two companies are building out the refueling stations . Congress can help with favorable legislation.

Yes, and Buffet as well with his LNG powered locomotive project.  http://www.bloomberg.com/news/2013-03-06/ge-races-caterpillar-on-lng-trains-to-curb-buffett-cost.html.  While LNG locomotives are still in early development (http://www.railwayage.com/index.php/mech...ation.html) the demand path seems clear.

Personally, it seems to me DME is at least as promising if not more so than LNG as a diesel replacement either way we are talking future major NG demands.  Will oil be able to compete?  I suppose we could say it's currently trying very hard." border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/undecided.gif" />

[Putncalls]

Pickens wants to use LNG and CNG IN THE USA!!!!! That is where it make sense. It make very little sense to use it where the price per BTU is similar to gas or diesel.