NEW YORK ( TheStreet) -- President Obama chose an interesting way to voice his latest support for a U.S. transportation future less reliant on oil in referring on Wednesday to an "all-of-the-above" approach to American energy. It was interesting because as far as Congress is concerned there is only one correct response when it comes to Obama's transport ideas: none of the above.
Natural gas transportation is a good indicator of the divide between Obama's plan and Capitol Hill reality, and legislation related to natural gas transportation may continue to be a victim of difficult legislative timing and Capitol Hill divisiveness.
|As gasoline prices rise, so does President Obama's enthusiasm for an 'all-of-the-above' approach to the transport future.|
Meanwhile, natural gas transport-linked stocks continue to find support, even if legislative priorities of the president falter or get pushed off to a second term, which there is good reason to suspect could become reality. This dilemma applies most directly to natural gas transportation infrastructure company Clean Energy Fuels (CLNE - Get Report) and natural gas engine maker Westport Innovations (WPRT - Get Report).
Right now, it's Clean Energy that continues to push a 52-week high level , up 60% so far in 2012.Investors have been here and done this before with these stocks. While it's always a good time to take some profits, Westport continues to defy any sustained bearishness. Even coming slightly off a 52-week high while Clean Energy tests its highest level, Westport shares are up 141% in the past year: it's done so well, in fact, that it was recently able to use a 52-week as a good time to issue more equity. What keeps these stocks going, and what gets the president talking about natural gas transportation more and more, comes down to three key factors, and they are more credible as reasons to be bullish on natural gas transportation than the most supportive words from politicians: oil prices and the related price at the pump, the