The Showdown Over NATGAS
A favorite investment play among retail investors with an interest in Washington in the past few years has been a bill that would subsidize cars and trucks that use natural gas as fuel, as well as the special service stations needed to refuel them.
The New Alternative Transportation to Give American Solutions, or NATGAS, Act is about backing away from imported oil as fuel for vehicles and instead employing abundant domestic natural gas. It is the sole surviving element of the Pickens Plan, introduced with great fanfare by T. Boone Pickens in 2008. The Oklahoma-born billionaire has been barnstorming the country continuously since then, posting on Facebook and appearing on cable television, including the financial networks, to promote his pet plan for U.S. energy independence. Pickens can make certain stocks move with every media appearance....643 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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