VIEWS: 0 PAGES: 2 CATEGORY: Social Sciences POSTED ON: 5/17/2012
Westport's board previously included T. Boone Pickens, who currently owns Clean Energy Fuels Corp., a Houstonbased supplier of natural gas. [...]HUMAN EVENTS has learned that Fuel Systems continues to conduct business, through its foreign subsidiaries, with customers in Iran, according to the company's U.S. Securities and Exchange Commission filings. Should Washington decide to artificially boost the market for natural gas-powered vehicles, little guarantee exists that the bubble created by the NATGAS Act will not burst when and if those subsidies are withdrawn - or, more likely, the market simply fails to support the program in ways that Washington anticipates. [...]the scheduled increases in natural gas taxes will adversely affect the market, causing a decline in investment and an increase in both purchasing and operating costs.
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