MONDAY, APRIL 12, 2010By BILL ALPERT
Even if the government raises subsidies to the natural-gas industry, shareholders in Clean Energy Fuels don't have much chance of hitting pay dirt. Industry tycoon T. Boone Pickens may get his payday, though.
T. BOONE PICKENS SAYS HE STARTED PROMOTING natural-gas- fueled vehicles back in 1988, hoping to boost the price of his company's natural gas. "I predicted I would do it within three years," says the 81-year-old tycoon. "Now it's 2010."
After 22 years, he thinks it's finally happening. A Pickens-controlled company, Clean Energy Fuels, sells natural gas to trucks and buses at yearly volumes equivalent to 120 million gallons of gasoline. Shares of Clean Energy (ticker: CLNE) have quadrupled within the past 12 months, to around 21. With America's natural gas currently cheaper than OPEC's diesel fuel, Pickens is optimistic that ...
Source: http://online.barrons.com/article/SB127086193884774995.html?ru=yahoo&mod=yahoobarrons
Even if the government raises subsidies to the natural-gas industry, shareholders in Clean Energy Fuels don't have much chance of hitting pay dirt. Industry tycoon T. Boone Pickens may get his payday, though.
T. BOONE PICKENS SAYS HE STARTED PROMOTING natural-gas- fueled vehicles back in 1988, hoping to boost the price of his company's natural gas. "I predicted I would do it within three years," says the 81-year-old tycoon. "Now it's 2010."
After 22 years, he thinks it's finally happening. A Pickens-controlled company, Clean Energy Fuels, sells natural gas to trucks and buses at yearly volumes equivalent to 120 million gallons of gasoline. Shares of Clean Energy (ticker: CLNE) have quadrupled within the past 12 months, to around 21. With America's natural gas currently cheaper than OPEC's diesel fuel, Pickens is optimistic that ...
Source: http://online.barrons.com/article/SB127086193884774995.html?ru=yahoo&mod=yahoobarrons
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