Natural Gas Act: Is It Finally About To
Pass?
The Dynamic Wealth Report
November 17, 2011
by Justin Bennett, Editor
The energy sector rumor mill is running at full speed.
Now I’m not one for rumors, especially when it comes to investing. But
I’ll admit… this one has me excited.
What tidbit could possibly be so juicy?
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The Nat Gas Act (H.R. 1380) is once again under serious
consideration by lawmakers. In case you don’t know, H.R. 1380 is a bill
to push the US towards a natural gas transportation future.
The fact that it’s currently being debated in the Senate is promising.
And according to the rumor mill, the bill is days away from passing…
Now let me be clear, the rumor of it passing soon is just that- a big
fat rumor.
Lawmakers may or may not be days away from giving this highly important
bill the green light. What’s more, the bill would still have to pass
muster in the House of Representatives. It would also have to cross
President Obama’s desk for a final signature.
So the idea of this bill passing in the next few days is a long shot at
best.
But if the rumor turns out to be true, hold onto your hats…
Passing of the Nat Gas Act means the world of energy is about to
change... big time.
No longer will Middle Eastern countries hold the US over a barrel. Once
this movement gains traction, US dependence on overseas oil will
diminish greatly.
Obviously, the switch to a natural gas future won’t happen overnight. But a few years down the road it’s feasible the US can slash its $250
billion a year oil import bill in half.
That in itself would be an enormous stimulus for the US economy.
What’s more, the US trucking industry can go from relying on expensive
overseas oil to running on homegrown natural gas. Not only does natural
gas burn cleaner, it’s currently around $2.00 per gallon cheaper than
diesel.
Under the bill, trucking companies would get up to a $64,000 tax credit
for each 26,000 lb. or heavier truck they convert to run on natural gas. Converting the US trucking fleet to cleaner burning natural gas would be
a no-brainer at that point.
How can you benefit from the Nat Gas Act?
This isn’t the first time I’ve talked about the profit potential in this
piece of legislation.
I’ve mentioned stocks like Westport Innovations (WPRT) and
Clean Energy
Fuels (CLNE) numerous times in the past. Both these companies will
benefit directly if the Nat Gas Act passes.
It’s a speculative bet, but I bought these stocks months ago simply due
to the possibility this bill may pass.
But be very careful if you’re thinking of buying them here…
Both stocks rallied heavily Tuesday on rumors H.R. 1380 will pass. But
if it doesn’t pass soon (the most likely scenario), these stocks will
drop right back down to where they were trading before the rumor hit.
So if you’re buying here, you’re likely buying into a rumor-induced
market head fake.
Regardless of the short-term gyrations in these two stocks, they’ll
likely be much higher a few years down the road. Trucking companies are
already moving towards natural gas without government help. In my
opinion, it’s just a matter of time before these companies are highly
profitable.
And if the government passes the Nat Gas Act, that day will come a
little sooner.
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