Here’s why. Conversion kits are available online for roughly $1000.00 excluding the tank. I knew a guy 17 years ago who claimed to have converted his Chevy truck which he showed me for about $800.00 using his labor. After market garages will compete with the car companies and force the price down.

Let’s look at the payoff period. While natural gas prices will vary my take on the market is that the cost per mile could easily be half or less as compared with gasoline. Assume a vehicle getting 18 miles per gallon traveling 15,000 mile per year and gasoline at $3.75/gallon. That’s a gasoline cost of approximately $3125.00 per year. If we assume a natural gas effective cost of one half of gasoline we have roughly a two and a half year payoff period after which the savings more than $130.00 per month. If the buyer of the vehicle finances with a 90% loan at 7% interest for 72 months, his net cash flow on the vehicle will be substantially positive versus a gasoline vehicle within a couple of months and remain so. Economics will encourage many people to buy these sensible dual fuel vehicles and car companies will be encouraged to manufacture them when they see the demand. If the president damages the domestic natural gas market, foreign markets will ship us natural gas by refrigerated tanker as they have in the past. Many off-shore pumping stations have already be built.

Here’s where in gets even more interesting. Eventually a tipping point will be reached as more and more people buy these vehicles here and eventually around the world. They are already available in places like Thailand and Iran. OPEC will realize that they will one day lose their ability to control oil prices by withdrawing some of their supply when the world can switch from one fuel to another with dual fuel vehicles. OPEC is not stupid. I expect that they will add supply of oil years before they expect to lose that power thereby lowering the price in order to discourage further exploration for natural gas and further erosion of the price they can get for their product.

I believe we are looking at the first stages in the end of OPEC’s power and relevance being accomplished by the market–not by government.

I remember back when gasoline shot up in the 70’s. The local farmers converted their vehicles to clean burning and cheap propane. The government couldn’t have that so they jacked the permit and tax rates up to make the price the same as gasoline. What BHO is ordering (do we even have a congress anymore and if so, why?) will have the same end results: natural gas prices for the end users will artificially go up, demand will thus be suppressed even further, and prices for the producers and well holders will be forced down even further. The parasites get richer while everyone else gets poorer.

To the Ecofreaks out there , what can be more Eco friendly than ( Natural ) Gas LOLLL !!!!!!!