(PINKSHEETS: HYBE) in a Position to Benefit From "The Pickens Plan"
December 16 2009 - 7:30AM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced yesterday
that due to increasing demands for natural gas, it has planned
several acquisitions in the clean energy sector.
Earlier this year, the "Nat Gas Act," or "The Pickens Plan," was
introduced to the US House of Representatives and Senate to help
place incentives on the use of natural gas over higher polluting
gasoline and diesel use. Many of the incentives are geared towards
giving tax credits to companies that further develop the use of
natural gas vehicles and technologies to expand refueling capacity
of vehicles.
Assuming that these regulations and incentives pass, it would
leave Hybrid Energy Holdings in a position to benefit from its
announced acquisition of profitable natural gas production fields
with significant untapped reserves. Hybrid Energy should be in an
ideal position to capitalize on the significant increase in both
gas demand and price in the coming months.
Other active stocks are ERHC Energy (OTCBB: ERHE), Pioneer
Natural Resources (NYSE: PXD) and KAT Exploration (PINKSHEETS:
KATX).
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