Last week, I had the opportunity to attend the American Trucking Association Summit on Natural Gas in Trucking in Washington D.C. Topics ranged from Natural Gas 101 to The Politics of Natural Gas. This particular conference was focused on the trucking industry and it was a packed house, full of regional and national truckers, natural gas companies such as ConocoPhillips and other companies that service the industry.
We heard from gas station owners and developers such as Frank Love of Love’s Travel Stops and James A. Haslam III, the Chairman of Pilot Flying J. They spoke about the benefits and challenges of natural gas from an infrastructure standpoint. Gas station owners are actively looking at natural gas in LNG(Liquefied Natural Gas) and CNG (Compressed Natural Gas) forms as a viable fuel ,but believe that demand and economics will drive the change.
The clear star of the show was Mr. T. Boone Pickens. Mr. Pickens, or as he asked me to call him later, T. Boone, spoke at the conference and gave a brilliant and candid perspective on the natural gas revolution. T. Boone has championed the effort behind the natural gas boom with the Pickens Plan and has invested millions of dollars in Clean Energy. Clean Energy is the leading provider of CNG and LNG in the United States.
It took diesel fuel 30 years to be adopted by this industry after WWII. So as the CNG Revolution continues, how long do you think it will take this industry to adopt natural gas?