Sunday, March 06, 2011 10:39:05 PM
The fact is that our government is investing money in green technology across the board - just look at the grant awards at the DOE website for the past two years. Grants that were awarded two years ago are just being funded now. Natural gas retrofits are now being developed by companies that had halted their research when gas prices plummeted (remember $1.75 18 months ago).
The heavy duty / med duty truck industry alone would see hundreds of millions in saving alone if gas reaches $4/gal with just a 1 mile per gallon increase in fuel economy. Add some cost savings to reduce the traps / filters / after treatments that were installed to meet EPA regulations and we are talking about a wholesale value for the industry. Natural gas is a good clean candidate to make this a reality.
Fossil fuels have historically been down-trending as compared to the rate of inflation up until recently (Lang - would love to see the chart). My research shows a trend reversal in the price of fuels as compared to economic factors which should equate to a rise in value for companies associated with bringing natural gas to the market.
Of course, this is all strictly my opinion.
Regardless, I am holding EGTK for the long term and am very happy with the professionalism of the company!
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