CEO Interview Clean Energy

Jim Cramer welcomed the president and CEO of Clean Energy (CLNE), Andrew Littlefair to the show to discuss his company’s prospects. Littlefair explained that the passing of Proposition 10 will result in a $3 billion windfall for the alternative energy sector and a major win for his company. This is of course if the bill passes. He mentioned that liquefied natural gas could be a major reason for cutting the United States need for foreign oil dependency. He said natural gas sells at the retail level for $2.60 to $2.70 a gallon, vs. $4 a gallon for gas. Littlefair explained that CLNE is spending money to build more service stations and LNG plants and will eventually form partnerships with companies like Valero (VLO) to bring its products to the retail market. He said heavy trucks and large fleets will most likely convert first to natural gas and than regualr cars will follow. General Motors (GM), Chrysler and Ford (F) are all developing natural-gas fueled cars for South America and Europe and Littlefair thinks the trend will next come to the U.S. “This one’s a winner.” Cramer said. “If you believe like I do that this is the fuel of the future, CLNE’s one of the best ways to play it, especially when natural gas comes down in price.” Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!

1 Responses »

  1. My wife and I just returned from Australia. Natural gas fueling stations are routinely everywhere, including self serve. Autos and trucks can be equipped to burn either diesel, gas or natural gas. The reason is simple: Natural gas is cheaper for the Aussie consumer. T. Boone Pickens is right: the U.S.is way behind the curve on alternative energy for autos and trucks.

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