Natural Gas-Fueled Off-Road Equipment Coming Soon (UNG)
Tweet
Share
E-mailGet Alerts WPRT Hot Sheet
Join SI Premium – FREE
As demonstrated by Tuesday morning's nat-gas development deal between Westport (NASDAQ: WPRT) and Caterpillar (NYSE: CAT), the substantial price difference between natural gas and diesel fuel is creating strong financial incentives for players to make the switch. Nat gas is now frequently billed as a cheaper and cleaner alternative to traditional fuels in the U.S, a trend which has caused demand to surge.
Increased production has pushed natural gas prices to ten-year lows and caused widespread disruptions in energy markets -- at the expense of other forms of energy. The price of natural gas futures stabilized has in recent weeks. The US Natural Gas Fund (NYSE: UNG) is up 3 percent in the past month.
Increased production has pushed natural gas prices to ten-year lows and caused widespread disruptions in energy markets -- at the expense of other forms of energy. The price of natural gas futures stabilized has in recent weeks. The US Natural Gas Fund (NYSE: UNG) is up 3 percent in the past month.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Caterpillar (CAT) PT Raised to $1,105 at Oppenheimer
- Oil's H2 track record: 60% win rate masks midterm-year drag
- Oil hits multi-week high, Wall Street slips as Iran tensions reignite
Create E-mail Alert Related Categories
Commodities, ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
