Littlefair said that Clean Energy Fuels is excited to have General Electric as a partner and will be building two plants to liquefied gas plants to start. He said these plants are not huge and sit on just a few acres of land. They will pull our abundant natural gas from pipelines and cool it into a liquefied form, where it can then be shipped up to 250 miles to Clean Energy stations and partners.
Littlefair said ultimately, Clean Energy plans 10 such plants, allowing the company to provide fuel along the major interstate corridors across our country.
When Westport Innovations (WPRT) introduces the next-generation natural gas engines in February, Littlefair added, that will likely be the catalyst to convince many more truckers to begin using natural gas and start saving up to $1.50 per gallon in fuel costs.
When asked about perpetual delays in Washington in aiding the industry, Littlefair said the natural gas industry doesn't need the government's help to be successful because it has economics on its side. He said major partners are lining up and everything is falling into place, albeit at a slower pace than many have liked.Finally, Littlefair said the technology is being developed for consumers to fill up their natural gas cars at home and should be available within a few years. That technology, he said, would be a boon for the industry as there are 70 million homes connected to our natural gas network and would provide an excellent alternative fuel source for disasters like Hurricane Sandy. Cramer said Littlefair made him feel more upbeat on the prospects for natural gas in America.
Honeywell CEO: Advising President ObamaIn the "Executive Decision" segment, Cramer also spoke with David Cote, chairman and CEO of Honeywell (HON). Cote is also one of those spearheading the "Fix The Debt" campaign at FixTheDebt.org. Along with other prominent corporate CEOs, Cote will be meeting with President Obama tomorrow to discuss how to responsibly fix the fiscal cliff. Cote said that America's debt crisis if the worst in 200 years and will take compromise to fix. He said our country needs a simpler tax code that collects more; reforms to Social Security and Medicare; and serious spending cuts in order to fix the $4 trillion gap in America's budget.
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