Domestic natural gas can help power America’s economic rebound, according to T. Boone Pickens, and heavy truck manufacturers will be among the many winners. Cummins, Peterbilt, Kenworth, Mack – the companies behind these brands have already shifted into high gear in order to satisfy the increasing demand by corporate fleets and government entities for cleaner burning, natural gas-powered trucks.
“Kenworth’s got it, Peterbilt’s got it, Volvo, Cummins, they’ve all got it,” Pickens said last Thursday during an interview in New York City. “This is going to happen.”
The chairman of BP Capital, Pickens wants to replace diesel- and gasoline-powered buses and trucks with ones that run on the cleanest fossil fuel, natural gas. In addition to cutting costs and decreasing greenhouse gases, the switch to natural gas will put a major dent in the amount of foreign oil America imports, which presently costs the country about $1 billion a day.
The NAT GAS Act (H.R. 1835) to spur investment in natural gas vehicles enjoys broad bipartisan support in the House and already has 127 cosponsors. Pickens is confident that the 1.6 million members of his Pickens Plan Army can rally Congress to pass this all-important legislation by the end of May.
Read more HERE.