Clean Energy (CLNE)

[Gatorelf]

Will Congress Subsidize Natural Gas?

Natural-gas stocks keep pushing higher despite the commodity’s continued slide lower. Cramer on Tuesday speculated that there might be a good reason for the trend, such as Washington’s change in attitude toward this cleaner fossil fuel.


Maybe Congress is finally willing to accept natural gas as the proper bridge between dirty crude oil and solar and wind power. Maybe in the near future we’ll have nat-gas-fueled cars and plenty of filling stations to keep their tanks full. While these scenarios may seem unlikely to some, Cramer sees them as very real possibilities.

If they play out as he predicts, then Clean Energy Fuels [CLNE], which has the largest chain of natural-gas filling stations, will be a big beneficiary. The stock is up a whopping 171% since Cramer’s Nov. 20, 2008, recommendation, but that’s not the only reason he invited CEO Andrew Littlefair onto the show. Cramer wanted to know if his theory about the mass adoption of natural gas was right.