Westport Innovations Inc. (USA) (WPRT), Ford Motor Company (F): Natural Gas Vehicles In North America?

Scott: Well, if you look at what the actual forecasts are — the reserves, the new discoveries — it’s just tremendous. When you look at the studies about if exports — first of all, are we going to be allowed to export large quantities? If we are, you look at what most of the studies are saying with respect to the impact. It’s not going to be significant in the near term.

What you also have to remember is you’re working on the differential price between natural gas and diesel or gasoline, the petroleum fuels. Right now, it’s oil at $80 to 100 a barrel recently. What’s going to happen if the economy really starts to take off, either here in North America or globally?

If oil prices go up — even in the long term, if natural gas prices did go up — you still have the significant differential that most experts agree is going to probably only increase in the future.

The article Natural Gas Vehicle Industry Exec: North America Is the Next Big Thing originally appeared on Fool.com is written by Brendan Byrnes.

Brendan Byrnes has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Westport Innovations.

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