Tuesday, November 15, 2016 1:57:21 PM
Trump also said that he wants to encourage natural gas demand to reduce emissions and energy costs while increasing economic output. One potential demand driver could be to switch more 18-wheelers, buses, and other large vehicle fleets from diesel to natural gas. According to natural gas fueling company Clean Energy Fuels (NASDAQ:CLNE), the transportation industry in American consumes half of the country's gasoline and diesel, which contributes to our carbon problem. However, by switching America's transportation fleet from diesel to natural gas, we could cut these emissions by 30% while saving $1.50 per gallon of fuel on average.
Furthermore, that switch could increase economic output in several ways. Not only would Clean Energy Fuels need to build more natural gas stations, but leading natural gas producers like Chesapeake Energy (NYSE:CHK) would need to drill more gas wells to match the increase in demand. Under Chesapeake Energy's current forecast, the company plans to grow its production by 5% to 15% annually through 2020. However, increasing demand under Trump's plan could enable Chesapeake to boost production at an even faster rate in the future.
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