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That is, 16,000 small business owners will be put out of business, or have to mortgage their house to buy a new $100,000-plus truck that will get worse fuel mileage than the truck it replaces.
The problem with Natural Gas is that there’s only enough of it because we don’t use it to drive out cars.
If any significant number of people switch to NG cars, the price will double and the supply will plummet.
In fact, there are a lot of oil people who are saying that the real shortage even now isn’t oil, but natural gas.
Also, natural gas is the perfect energy source for heating people’s houses, and for emergency/peak power generation. So why waste it on driving cars around.
Electric motors are GREAT at moving things, we should be focusing on solving the problem of electric cars. That way, we can charge them with whatever initial energy source is most available.
BTW, interesting side note: One of the power plants here in Virginia can actually burn WOOD to generate electricity.
Here’s a vid of the CNBC interview ~ suffer thru a preliminary ad:
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=7845893&src=finance&ch=4043681