US Energy Beginning Its Run?
USEI closed up over 9% today and almost 13% for the week.
The following was released by the company this morning.
"As our technology steps onto the international stage, we provide our prospective customers with an easy to use guide depicting the prospective savings when employing our technology to replace diesel with natural gas," said USEI CEO Mark Clancy. "The primary advantage to our technology is the prospect of saving the end user significant transportation costs. For example, one of our most active markets is Thailand where the cost of diesel is approximately 104.104 Thai Baht ($2.74 US) a gallon while a natural gas gallon equivalent costs approximately 33.25 Thai Baht ($0.87 US). We calculate a dual-fuel gallon (65% natural gas/35% diesel) in Thailand would cost 58.04 Thai Baht ($1.53 US). In this example, we could be reducing the Thai consumer's fuel costs by 55%. The environmental benefits to natural gas over diesel are a well established compliment to economic advantages of converting to a dual-fuel configuration," concluded Mr. Clancy.
The following was released by the company this morning.US Energy launches its Worldwide Fuel Price Report. The Fuel Price Report compared the price of diesel and natural gas in Thailand (covering Asia) and the
continental US. The Company intends to add Europe to its weekly compilation starting in September. The full weekly fuel price report is available at the Company's internet site http://www.usenergyic.com.
"As our technology steps onto the international stage, we provide our prospective customers with an easy to use guide depicting the prospective savings when employing our technology to replace diesel with natural gas," said USEI CEO Mark Clancy. "The primary advantage to our technology is the prospect of saving the end user significant transportation costs. For example, one of our most active markets is Thailand where the cost of diesel is approximately 104.104 Thai Baht ($2.74 US) a gallon while a natural gas gallon equivalent costs approximately 33.25 Thai Baht ($0.87 US). We calculate a dual-fuel gallon (65% natural gas/35% diesel) in Thailand would cost 58.04 Thai Baht ($1.53 US). In this example, we could be reducing the Thai consumer's fuel costs by 55%. The environmental benefits to natural gas over diesel are a well established compliment to economic advantages of converting to a dual-fuel configuration," concluded Mr. Clancy.
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