The Motley Fool is touting a company that makes a fuel injector for natural gas vehicles.
Interesting notes in their "solicitation" about how companies with many diesel vehicles are converting to compressed natural gas vehicles.
Most interesting, I thought, was the fact that the cost between diesel & natural gas vehicles used to be $50,000 and is down to $10,000 now. Ryder (trucking) is expecting to replace all its diesel vehicles & save 1.5 million gallons of diesel each year. Cost of diesel is now around $4/gallon, and CNG is about $2/fuel unit (or whatever they call NG measurement).
UPS also doing the same thing. Have about 50 NG vehicles now, and expect to have another 900 soon.
It said that this innovation for trucking took place without govt subsidy. I'm sure if they're wrong on that, someone of you will dig it out.
Meanwhile, 4 or 5 (more?) states have signed a pact to build the infrastructure in their states for distribution ... I think PA, WY and OK were among those mentioned.
They also mentioned the conversion of garbage trucks to CNG in some city. Evidently stuff going on in LA, NYC, and some place in Indiana.
They touted the positives of this coming conversion: lower emissions, cleaner air, and domestic supply reducing energy dependence on imports.
If, indeed, this was all done without govt subsidy, it's worth noting. When there is capitalistic "reward" of profits and economy, innovation will take place, funded by those who hope to make a profit; at their own risk. And this innovation not only will be helping those who may grow "rich" from this innovation, but also yield some other benefits that will be of great help to consumers of all economic levels: keeping the cost of transported goods lower than otherwise might be the case; benefiting the lowest income tiers who are most dependent on public transportation (now using diesel busses or trains).
If they can do all of this, I'm thinking that they should be able to figure out how to "recycle" the fracking waste-water as well. Using a capitalistic framework, if solving that problem makes operations ultimately more profitable (by avoiding the costs & hassle of govt regulation of same), the economic need will lead to innovation for doing so.
And if they can run vehicles this large on CNG, then heating structures should be easier than it has been in the past?
I do have concern about the safety issue if these vehicles get in accidents.