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A Letter to Congressman Kevin Brady and The Committee of Ways and Means

Date: March 14, 2018
To: Members of the Committee of Ways and Means
From: Freedom CNG

A Call For the Renewal of The Alternative Fuels Tax Credit (AFTC)

America is leading the world in natural gas production. The oil and natural gas industry drives $100’s of billions of dollars into the economy. The natural gas industry has been focused on environmental stewardship and methane leakage. Methane emissions per unit of natural gas produced have declined continuously since 1990, down -46%, with production up 52%: in the pipeline distribution segment during the same period down -75%. The EPA Inventory reveals that the natural gas distribution systems have a small emissions footprint shaped by an ongoing declining trend. (American Gas Association Report May 2017)

The Alternative Fuels Tax Credit (AFTC) provides a credit, of $0.50, per gasoline gallon equivalent (GGE) of certain transportation fuels, including natural gas, liquefied petroleum gas, P Series Fuels, liquefied hydrogen and others. Extending the AFTC for five years would allow natural gas technology adopters and fleet customers to plan long-term investment strategies and provide business certainty and would provide a significant contribution to our nation’s economic growth.

Almost 40 percent of Americans live in communities with exceedingly poor air quality according to the U.S. Environmental Protection Agency. Exposure to such conditions increases the risk of asthma, lung cancer, heart disease, and premature death. The risk is increasing every year that we do not promote the change to cleaner burning fuels. It is either do something now in regard to on road transportation or we will pay more for healthcare.

Heavy-duty vehicles are the fastest growing segment of U.S. transportation in terms of energy use and emissions. These trucks are major emitters of nitrogen oxide (NOx), diesel particulate matter, and greenhouse gases – the emissions that greatly contribute to poor air quality. While heavy-duty vehicles total 7 percent of all vehicles on our roads, they account for 33 percent of America’s smog-precursor emissions (NOx) from mobile sources and 20 percent of all transportation-related greenhouse gases. Here in the Greater Houston Metro area there are over 100,000 local delivery, and drayage trucks producing massive amounts of smog annually. With the population growth and increased commerce in the region, the only viable way to clean up the air quality issue is to use cleaner burning fuel.

An obvious solution is the promotion and adoption of alternative fuels, which burn cleaner, and is better for the environment and the health of our neighbors. If we want cleaner air we need cleaner trucks. Heavy-duty vehicles powered by natural gas are the cleanest, most proven commercially available solutions to this growing health concern. Ultra-low NOx engines are powered by natural gas and are 90 percent cleaner than the strictest federal standards. Those powered by renewable natural gas (RNG) are upwards of 115 percent cleaner.

The extension of this important tax credit would further incentivize the transition of aging dirty diesel fleets to cleaner vehicles using natural gas. This could mean the increased deployment of an estimated 58,000 natural gas vehicles (NGVs); equal to eliminating over 1.2 million cars from the area. This would result in the reduction of an estimated 200 million metric tons of greenhouse gas emissions, 82,300 fewer metric tons of NOx emissions, and $1.0 billion in avoided public health costs.

Furthermore, extending the AFTC for a five-year period for natural gas would spur $9.9 billion in economic growth and $5.8 billion in additional private sector investment in infrastructure and equipment and create 62,000 new middle-class jobs over a 10-year period. The AFTC would increase energy independence by decreasing consumption of petroleum-based fuels, and stimulating U.S. manufacturing. The extension of this vital industry credit has support from a broad array of organizations representing users, retailers, customers, fleet managers, utilities, and producers of clean alternative transportation fuels.

Texas by itself is the third largest natural gas producer in the world. The fact that the state has failed to use its own resources to bolster its own industry is a discredit to those who work to make a livelihood in those fields. Natural gas is a clean, abundant, domestic fuel source; and these are real public health outcomes. Utilizing natural gas as a transportation fuel provides numerous economic and national security benefits. Extending the AFTC would promote increased private-sector investment in infrastructure and equipment, which leads to more jobs and economic output.

Congressman Brady, thank you for your consideration of this request. We look forward to sharing more with you regarding this important clean air incentive.

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NGVAmerica respectfully submits the following statement in response to the House Ways and Means Committee’s request for information on tax provisions effective through the end of 2017 that have now expired. This statement addresses the benefits and importance of the alternative fuel credit found in IRC 6426 and 6427, and the alternative fueling infrastructure credit found in IRC 30C.

NGVAmerica is a national trade association dedicated to creating a profitable, sustainable and growing market for compressed natural gas and liquefied natural gas powered vehicles. NGVAmerica represents more than 200 companies, including vehicle manufacturers; natural gas vehicle component manufacturers; natural gas distribution, transmission, and production companies; natural gas development organizations; non-profit advocacy organizations; state and local government agencies; and fleet operators.

NGVAmerica urges the Committee to support legislation to extend the now expired incentives for alternative fuels and alternative fueling infrastructure. Extending these incentives will support the creation of U.S. jobs, encourage domestic investments in alternative fuel vehicles and fueling infrastructure, expand markets for domestically produced alternative fuels, and provide significant economic and environmental benefits for communities across America.


Today’s natural gas industry is stronger than ever, employing millions of Americans, providing increased revenues to state budgets, powering a larger share of the country’s electric utility generation units and providing significant economic benefits to the millions of consumers that rely on natural gas for their energy needs. A report prepared for the American Gas Association estimates that businesses have saved more than $76 billion in energy costs since 2009 due to lower natural gas prices.

The U.S. is now the number one producer of natural gas in the world due to breakthroughs and enhancements in technology and an abundant resource base. U.S. producers are now producing and supplying unprecedented levels of natural gas for the U.S. and world market. Due to the vast natural gas resources that are now economically recoverable, the U.S. now can finally begin to think about displacing a significant share of petroleum imports with domestic fuels and cleaner-burning natural gas. Experts believe that the abundant supply of natural gas will last for many decades. According to the American Gas Association, The U.S. estimated future supply of natural gas (reserves plus resources) stood at 3,141 Tcf at year end 2016 — enough natural gas to meet America’s diverse energy needs for more than 100 years. The estimated future supply has more than doubled for the period 1990–2016. Additionally, Renewable Natural Gas, (RNG) is biomethane produced from existing waste streams and a variety of renewable and sustainable biomass sources, including animal waste, landfills, crop residuals and food waste. The combination of new near-zero emission natural gas engine technology and RNG provides the single best opportunity for the U.S. to achieve immediate and substantial nitrogen oxide and greenhouse gas emission reductions in the on-road heavy-duty transportation sectors. RNG production for transportation fuel grew by 900% from 2013 to 2017 and is on pace to continue rapid growth into the future.

Domestic oil production also has increased significantly in recent years. However, the U.S. continues to import close to 8 million barrels of oil per day and annually sends hundreds of billions of dollars overseas for this imported oil. That is money that would be better spent here in the U.S. on domestic alternative fuels, helping to improve our domestic economy, and helping to transition to a cleaner economy, and providing new job opportunities.

Displacing petroleum with domestic natural gas would provide huge economic benefits to the U.S. economy. It creates and sustains jobs in the domestic natural gas industry and related industries (e.g., processing, handling, transmission and distribution of natural gas). A 2017 study released by the American Petroleum Institute (API) estimates that the natural gas industry currently supports 4.1 million America jobs with a valued added benefit of $550 billion to the U.S. economy. Expanding the use of natural gas in transportation will add to the number employed and to the economic benefit provided.

Displacing petroleum imports with natural gas for transportation not only keeps dollars here in this economy but it lowers the transportation costs for U.S. businesses, making them more competitive, and allowing them to expand their businesses. Fleets converting to natural gas will be able to lock-in lower costs for years to come because the price outlook for natural gas is stable. EIA’s 2018 Annual Energy Outlook projects that natural gas will continue to be priced competitively with diesel and gasoline for many years. EIA projects a discount of 80 – 85 cents per gallon for natural gas compared to diesel fuel for the 2018 – 2019 timeframe and at an even greater discount in future years as petroleum prices return to higher levels.

There are about 175,000 natural gas vehicles on the road in the United States, compared to about 22 million worldwide. Despite lagging other countries, the U.S. has in place the building blocks for a successful natural gas transportation industry. In the U.S., virtually every heavy-duty truck manufacturer and most transit bus manufacturers offer a selection of natural gas vehicles. Many prominent light duty manufacturers – FCA, Ford, GM – offer factory built products or have arrangements with suppliers to make natural gas vehicles available to their customers. Fuel providers have also been adding to the number of fueling outlets that offer vehicular natural gas. Today, there are nearly 2,000 natural gas fueling stations in the U.S. This total is up significantly from just a few years ago. The capital required to build out these stations represents $250 – $500 million a year in new investment. Natural gas consumption at about 550 million gasoline gallon equivalents represents just a small portion of the overall transportation market, which for on-road use consumes about 175 billion gasoline gallon equivalents.

Natural gas vehicles have the greatest potential of available alternative fuel technologies to displace oil consumption and achieve mass market adoption across all classes of on-road motor vehicles. This statement reflects the fact that natural gas is well suited to use in a broad variety of vehicle platforms including pickup trucks, sport utility vehicles, smaller sized delivery vehicles, and large trucks and buses. Natural gas also is an excellent fuel for displacing petroleum in many off-road applications such as marine, mining and rail.

The near-term prospects for natural gas are best in high-fuel use applications where the pay-back or return on investment is most economical. High-fuel use applications can include pickup trucks and vans operated by commercial businesses as well as larger trucks operated by shippers and carriers. Natural gas holds the potential to vastly change the freight transport and heavy-duty transportation market. Truckers are not just interested in today’s low natural gas prices but also are interested in the prospect of price stability and the long-term outlook for locking in lower fuel prices with natural gas. Truckers also appreciate the quieter operation of natural gas trucks, as well as reduced NOx emissions. This is a benefit of increasing importance as more medium and heavy-duty vehicles are deployed in residential areas for delivery and waste hauling. Quieter and cleaner burning natural gas trucks ensure neighborhoods see reduced noise and NOx levels as well. For many applications, however, the incremental cost of natural gas vehicles is currently too high, even with the lower fuel price, because these applications simply do not use enough fuel to provide a return on investment in the necessary time period (often 2 -3 years for most fleets). Providing incentives for natural gas will make it more economically attractive to a larger percentage businesses and vehicle operators.

As the natural gas industry grows and larger numbers of vehicles are produced, the first-cost or incremental cost of natural gas vehicles will come down because of economies of scale and competition. That process would be greatly accelerated by extending tax incentives and removing tax barriers that currently impede the growth of natural gas vehicle use.

Building out a national fueling infrastructure to support a revolutionary domestic fuel like natural gas is a daunting task. It requires enormous capital and confidence that the demand for the new fuel will materialize. Tax policy can have a positive impact on this effort. Continuing to provide tax incentives will accelerate the investments in natural gas vehicles and increase demand for vehicles. This, in turn, will encourage more businesses to develop fueling stations that provide natural gas, and it will reward manufacturers who are investing in producing natural gas vehicles and natural gas fueling equipment. It also is important that governmental policies ensure access to low-cost natural gas supplies, and foster the right type of environment for investment. For this to be truly sustainable effort, more fleets and more businesses need to be encouraged to invest in this market.

In September 2017, NGVAmerica released a white paper detailing the benefits provided by extending for five years the $0.50 credit for natural gas used in transportation. That white paper found that extending the credit would result in the deployment of 58,000 additional NGVs, providing $9.9 billion of economic growth, $5.8 billion in private sector investment, and ~62,000 new jobs. This paper also found that by stimulating more natural gas vehicle usage, extending the incentive would result in 200 million metric tons of reduced greenhouse gas emission and 82,327 metric tons of avoided NOx emissions and $1.0 billion avoided public health costs. The environmental benefits provided by natural gas vehicles are greatly aided by the fact that today’s natural gas engines are the cleanest internal combustion engines available anywhere, and produce emissions results that are 90 percent below federal emission requirements. Also, the increased use of renewable natural gas, which in most cases in carbon neutral or carbon negative, greatly adds to the greenhouse gas reduction benefits of NGVs.

According to the U.S. Environmental Protection Agency, 125 million Americans – almost 40 percent of our population – reside in areas of exceedingly poor air quality, called nonattainment areas.

The EPA has identified six pollutants as “criteria” air pollutants because it regulates them by developing human health-based and/or environmentally-based criteria (science-based guidelines) for setting permissible levels. These six pollutants are carbon monoxide, lead, nitrogen oxides, ground-level ozone, particle pollution (often referred to as particulate matter), and sulfur oxides.

Heavy-duty vehicles (HDVs) are the fastest growing segment of U.S. transportation in terms of energy use and emissions, and these vehicles are major emitters of nitrogen oxide (NOx), diesel particulate matter (DPM), and greenhouse gases (GHGs). While HDVs total 7 percent of all vehicles on our roads, they account for 33 percent of America’s smog-precursor emissions (NOx) from mobile sources and 20 percent of all transportation-related GHGs. They also consume 25 percent of the fuel used in on-road vehicles.

Breathing in such particle pollution increases the risk of asthma, lung cancer, heart disease, and premature death, costing tens of billions of dollars each year. Every day in the United States just due to asthma, 30,000 people have an asthma attack, 5,000 visit the emergency room, 1,000 are admitted to the hospital, and 11 people die.

Converting vehicle fleets to natural gas power would greatly reduce these emissions harmful to public health. Cleaner trucks powered by natural gas will result in cleaner air since the newest natural gas engines with Near-Zero – or “Zero Emissions Equivalent” – technology produce 90 percent fewer NOx emissions than the federal standard and 90 percent fewer emissions than the cleanest commercially-available diesel product.

Given the significant energy security, environmental, and economic benefits associated with accelerated growth in the use of natural gas vehicles, NGVAmerica believes Congress should extend the incentives that encourage natural gas vehicles. Although not part of the discussion for this hearing, we also believe that Congress should remove tax policies that serve as direct or indirect barriers to increased use of natural gas. Extending the fuel credit and infrastructure incentive is also important to ensuring that tax policy continues to support a wide variety of alternative fuel technologies and does not just favor one technology.

Specific Proposals for Tax Policy Changes

Excise Tax Credit to the Seller of CNG or LNG (IRC 6426, 6427)
Sections 6426 and 6427 of the tax code provide a 50-cent incentive for compressed natural gas (CNG) and liquefied natural gas (LNG) sold for use as a motor vehicle fuel. The incentive also applies to other types of alternative fuels (e.g., propane, hydrogen). This incentive serves as a tax credit for taxable entities and a payment in the case of tax exempt entities, such as state agencies, transit authorities, school districts and public universities. In many cases, this incentive directly benefits public fleets such as school districts, transit agencies, and other state and local government fleets that own fueling infrastructure. The credit was extended retroactively through 2017 by Congress but now has expired. In recent years, Congress has extended this provision several times after allowing it to lapse.

This incentive is particularly effective in helping to offset the cost of owning and operating natural gas vehicles and accelerating the return on investment. And it is the only incentive that directly benefits tax-exempt entities because the other federal incentives for alternative fuel vehicles and fueling infrastructure are income tax credits that can only be claimed by taxable entities. The beneficial aspects of this incentive have been undermined by the fact that the incentive has lapsed several times and then retroactively reinstated often only for one or two years.

Congress should extend this incentive for five years, providing the same tax treatment as other incentives for alternative fuel vehicles. This extended period is important because it provides vehicle buyers and manufacturers greater certainty, which facilitates longer term planning.

Income Tax Credit for Installing Alternative Fuel Infrastructure (IRC 30C)
Section 30C of the tax code provides a tax credit equal to 30 percent of the cost of natural gas refueling equipment, up to $30,000 in the case of large stations and $1,000 for home refueling appliances. This incentive also applies in the case of infrastructure used to dispense other alternative fuels (e.g., electricity, hydrogen, propane). The credit recently was retroactively reinstated for 2017 but expires after that.

A new natural gas fueling station can cost from $400,000 to $4 million depending on the type of station and the number of dispensers, storage capacity, and on-site compressors. Thus, the ability to claim the $30,000 tax credit is useful for smaller, private businesses who are installing their own fueling stations but likely is not a significant factor in the decision making of businesses installing large natural gas fueling stations. The $1,000 home fueling appliance credit has likely not been used in the past several years as there are no low-cost home refueling appliances available. There continues to be interest in developing a low-cost home refueling appliance for natural gas vehicles, so extending the availability of the $1,000 credit for a 5-year period could stimulate the market for such products.

To continue to accelerate the growth of NGVs, NGVAmerica supports an extension of these infrastructure facility incentives for a period of five years.

NGVAmerica appreciates the opportunity to provide the Subcommittee with comments on the expired tax credits for natural gas and other alternative fuels. The U.S. has an unprecedented opportunity to significantly reduce its reliance on foreign petroleum and to improve its economic competitiveness by encouraging greater use of domestic natural gas. Greater use of domestic natural gas stimulates job growth and provides state and local revenues, and federal royalties. One of the best ways to use more cleaner-burning, domestic natural gas here in the U.S. is to encourage its use as a transportation fuel. This directly offsets petroleum use, provides lower emissions, and stimulates investment and job growth here in the U.S. Now is the time to act to encourage the increased use of natural gas vehicles. Using natural gas as a transportation fuel also will help fleets and businesses lower their operating costs, thus improving overall economic prosperity. Tax policies can aid in accelerating the successful market penetration of natural gas vehicles and thereby accelerate the achievement of the benefits provided by natural gas vehicles. In order to be effective, policies that provide incentives need to provide certainty for businesses and industries and remain in place for a specific number of years, preferably five years or more. Also, a broader discussion of tax policy should identify and remove existing barriers that discourage capital investments in new advanced technologies.

For additional information concerning this statement, please contact:
Allison Cunningham
Director, Government Relations
400 N. Capitol Street, NW
Washington, DC 20001

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Cobalt in EVs = Blood Diamonds…

Cobalt, lithium, and manganese are some of the key materials needed to build electric car batteries. As demand for these commodities skyrockets, so does the price and electric car makers are increasingly turning to the darker parts of the world, dealing with corrupt regimes in hopes of finding cheaper EV battery material. Check out this Bloomberg article here.

EVs are going to have to address this darker side of their industry as their adoption numbers slowly inch up. Their business model is unprofitable and relies upon a scarce commodity mined by the poor and children in corrupt nations all in hopes of possibly transforming transportation in the name of marginally lowering emissions in light duty vehicles.

CNG vehicles are American made and 100% powered by American Natural Gas. We are proud of that we never have to hide facts about our industry.


(Above: A creuseur, or digger, descends into a copper and cobalt mine in Kawama, Democratic Republic of Congo.)

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On Natural Gas & Clean Air

The Freedom CNG team thought this editorial in the Houston Chronicle over the past weekend was fantastic!! Marty Durbin of the American Petroleum Institute makes several excellent points about natural gas that often get overlooked in today’s overly-euphoric rush to push green technology from expensive electric vehicles to solar & wind power generation. Just a few thoughts…

On emissions: “Carbon emissions from power generation have plunged to nearly 30-year lows, and more than 60 percent of the decrease has come from the increased use of clean natural gas. Plentiful and affordable due to advances in production technology, the emergence of natural gas as part of the climate solution is market-driven, not government-mandated.”  (emphasis is mine)

On the Natural Gas industry’s commitment to clean tech: “Between 2000 and 2014, our industry (the oil & gas industry) invested about $90 billion in new zero- or low-emission technologies – more than twice that of any of the alternative energy industries and nearly as much as the federal government.”

On Jobs & the Economy: “…the industry is delivering major benefits to the economy, supporting 10.3 million jobs, including 2.7 jobs in other sectors for every direct job in the oil and natural gas industry.”

Natural Gas is reliably cheap, domestically abundant, and always clean. Support American Natural Gas!

You can also click here for the story:

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38K People Die a Year due to Diesel NOx

Read this article the other day and was floored by the findings of the Environmental Health Analytics and the US & International Council on Clean Transportation.

Currently 38,000 people in Europe, China & India die every year early due to the failure of diesel vehicles to meet official emissions limits on NOx. Let me state that again…38,000!!!! We are talking premature death due to heart & lung disease, strokes, etc.

What is even more terrifying is that NOx emissions are rising at such an alarming rate that if further pollution controls are not put in place, the death toll could rise to 174,000 people a year by 2040. This number also does not account for any direct health costs associated with such emissions.

Clearly, something needs to be done to avert the existing & growing health crisis!

CNG is one of the many options out there and we hope companies will continue making the switch from dirty and life threatening diesel to clean compressed natural gas to fuel their fleets.

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The Future of Diesel…is…clear?

The winds of change are blowing against the continued use of a fuel that is not good for the environment and is completely unpredictable when it comes to pricing. By 2025 diesel & diesel engines will not be allowed in Paris, Madrid, Mexico City, & Athens. We are not talking about small municipalities but some of the biggest cities in the world. Folks are beginning to recognize the long term concerns of diesel emissions and we at Freedom CNG agree!

Check out this video. We found it pretty insightful and hope you will take a look when you have a moment.


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Port Region Summit Presentations

Special thanks to everyone who came out to the “Clear the Air: Transportation in the Port Region Summit” on March 2nd. At the end of the event, we had quite a few requests for the handouts & materials so we wanted to make them available online. Below are the event’s speakers with their corresponding presentations.

Thank you again to everyone who came out and especially to our presenters!

State of the Port: Ken Gathright, Port of Houston

State of the Air: Shelley Whitworth, HGAC

State of Oil & NatGas Industry: Dr. Ken Morgan, TCU Energy Institute

State of Chemical Industry: Dennis Winkler, Texas Chemical Council

A National View of the NatGas Vehicle MarketMatt Godlewski, NGVAmerica

NatGas Vehicle Funding Opportunities: Nate Hickman, TCEQ

Summary of the Summit: Eddie Murray, Freedom CNG

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Pickens: Use the VW Settlement for NatGas Vehicles posted a fantastic opinion piece by T Boone Pickens regarding the VW Settlement & the guiding criteria State Regulators in Oklahoma and all over the United States who are tasked with distributing over $16 BILLION, could use to increase natural gas vehicle adoption and make the United States more energy independent.

To Summarize:

  1. Use funds to replace vehicles that perform under current federal NOx limits.
  2. Treat all vehicles equally. In other words; replace dirty diesel powered medium and heavy duty with new, clean burning natural gas trucks. Batteries in electric vehicles will not power 18-wheeler vehicles and cost at least 5 times more so spending the funds where it logically makes sense.
  3. Spend the money on private fleets as opposed to state fleets since the money is coming from a corporation and not the taxpayers.


Mr. Pickens’ main point: “If Oklahoma uses these funds to replace aging fleets, this will be a “one-and-done” deal. On the other hand, if the money is used to provide incentives for the public and private sectors to purchase natural gas-powered vehicles, the positive effects on reducing NOx emissions will be magnified many times over the years.”

At Freedom CNG, we are here to support fleets in their transition from diesel to natural gas. Call or email us today so we can help you start burning CNG today!

281-484-3875 or


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New Chapter in NGV Adoption

We at Freedom CNG really enjoyed this article and interview by Matthew Veazey of In it, he discusses the state of the Natural Gas Vehicle (NGV) industry and has some solid questions for Matt Godlewski of the NGVAmerica.

Some items to note:

“NGVAmerica reports that there are more than 160,000 NGVs in the United States; the worldwide figure is approximately 15.2 million, according to the U.S. Department of Energy’s Alternative Fuels Data Center

Per Godlewski: “NGVs are the only alternative fuel with engines and vehicles available today for a variety of applications – waste and recycling, transit, long- and short-haul trucking, fleet delivery vehicles and consumer cars and trucks.  We have witnessed an average annual growth in CNG stations of 11 percent each year since 2008…”

Another great point: “Fleets of all sizes have realized the benefits of using more natural gas in transportation.  They understand that America has decades of affordable reserves of natural gas that will keep prices low into the future. Maintenance costs are also lower with NGVs given their simple after-treatment systems.  And there is a great emissions story associated with NGVs – lower GHG, significantly less particulate matter and quieter engines.”

Mr. Veazey then asks about the current state of oil prices and how that changes the way CNG providers find new fleets. Mr. Godlewski is spot on when he replies: “Savvy fleets understand the volatility associated with world oil prices and the stability of using domestic natural gas.  Larger fleets are diversifying their transportation fuels. Yet, even on a head-to-head comparison today, natural gas is still 50 to 75 cents cheaper than diesel on average.”

Our only issue with the article is with the “Facts about NGVs” graphic stating that CNG is “better suited for light-duty vehicles” while “LNG is better suited for buses, tractor-trailers and other heavy duty vehicles”. This is simply NOT TRUE but we’ll just let the facts speak for themselves:


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Raymond James: Oil Up & Gas Outlook Improving

Our friends at Raymond James published their 2017 Oil & Natural Gas Predictions yesterday & there is a lot of good information in this research brief if you have time to read it.

Raymond James Long Term Predictions:

  • 2017 WTI average of $70/Bbl, moderating to $65 in 2018, and settling at $60 long-term. “$60 is the new $80”
  • Henry Hub Natural Gas forecast: $3.25 Mcf
  • US Rig Count to increase by 250 rigs in the next 12 months
  • Energy Stocks & the US Gas Market will have a “healthy” year

Freedom CNG’s view is simple: Higher oil prices make CNG an even more logical alternative to diesel as it will save your fleet money and help clean up the air quality in Texas. Call us and we’d be delighted to answer any questions you might have.

Happy New Year!


Source: Raymond James, J. Marchall Adkins, Pavel Molchanov, Garrison Allen, Rich Eychner



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