The U.S. Energy Information Administration (EIA) administrator, in
his March report to the Committee on Energy and Natural Resources of the
U.S. Senate, stated that EIA analysis shows that during the next 25
years, natural gas will grow dramatically in use by freight trucking and
other commercial transportation modes.
In addition, NGV Today, the publication for the natural gas vehicle market, reported this month that, based on EIA data, the price spread advantage of natural gas over diesel should improve through the projected period out to 2040. NGV Today concluded that:
http://www.fool.com/investing/general/2014/07/28/battle-of-the-fuels-will-natural-gas-replace-diese.aspx
Source: EIA, Annual Energy Outlook 2014.
The New York Times profiled the freight truck natural gas
conversion process in an April 2013 article and recently reported plans
by the Obama Administration to impose tough new fuel efficiency
standards for big trucks, potentially reducing diesel's competitiveness.In addition, NGV Today, the publication for the natural gas vehicle market, reported this month that, based on EIA data, the price spread advantage of natural gas over diesel should improve through the projected period out to 2040. NGV Today concluded that:
http://www.fool.com/investing/general/2014/07/28/battle-of-the-fuels-will-natural-gas-replace-diese.aspx
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