I traded in my Honda Civic GX (CNG) a year ago for a Chevy Volt. I now average in excess of 100 MPG. I cut my oil equivalent use by about 2/3rds, and I was bettering the average to begin with -- by a lot. I bought my first Prius in 2001.
We can easily cut petroleum use in half in the next FIFTEEN years. Technology is racing forward.
Zero emission vehicles (mostly electric and a small amount of hydrogen) and plug-in electric hybrids will become the small car norm. It is unlikely, but increasingly seemings somewhat plausible, that ZEVs and PEHVs can become a significant portion of bug trucks, urban vans and buses. CNG and LNG should a decent chunk of the latter -- the only question being how much of a chunk. Given the GHG implications of diesel (even Tier 4 and better), I don't see a sizable future for plain, old-fashioned gasoline or diesel engines.
Or at least the average of the five analysts changed from -.28 to -.27 -- so perhaps a nickel.
Oil is breaking down in large part because oil is (1) over-abundant in supply, and (2) increasingly recognized as environmental anathema, in comparison to any alternative other than coal.
It was a coin toss on Wednesday. The option players are having great fun with this.
Pay attention, I lightened up quite a bit at $6.86. Made great money last week and this week on the long side, and posted my trades.
Longer term, this company has real problems ever turning a real profit, a la Calpine.
And why do they continue to build so many stations if the story is bad?
Because CLNE is to CNG what Calpine was to combined cycle power production. Calpine's assets were and are great, and Calpine went BK.