(MENAFNEditorial)
LAS VEGAS NEVADA
1/29/15 Niyato Industries Inc. announces recent developments in their CNG activity in Southern California. They have recently opened their second conversion facility located in Upland California. This facility will accommodate the company for the next few months. Niyato has begun the conversion of handful of 3500 Chevrolet Trucks from Lake Chevrolet in Elsinore California. These will be the first 2015's to have been converted in California this year. Niyato has a working relationship with both Landirenzo and IMPCO Technologies. This facility will act as the company’s interim facility while it awaits the final results from San Bernardino and Las Angles bidding for Niyato Industries to move a major conversion facility to southern California.
The conversion market in Southern California is expanding rapidly with the local city and county governments being the primary customers. Even through the gas price is down to a five year low this seems in the minds of most experts to be a short lived event as quoted in the USA TODAY dated January 202015 by John Hofmeister “Now with national gasoline prices currently averaging $2.05 a gallon their lowest level since early 2009 the former president of Shell Oil 06 is issuing another warning telling motorists that their joy ride may end sooner than they think” and "The next round of high prices is likely to start later this year as crude rebounds to the $80s and $90s perhaps pushing to the $100 level by late in the year or early next" no matter what Prince Alaweed said in his interview Dated January 112015.
Hofmeister paints a gloomier picture of gasoline prices than many analysts including the U.S. Energy Information Administration which predicts U.S. gasoline prices will average $2.33 this year and $2.72 in 2016. But he also feels that the perception of a "glut" in world oil production now is overstated with supply outpacing demand by only 1 million barrels a day or so.
"Most of us in the industry are surprised that it's fallen as hard and fast as it has" Ryan Lance CEO of ConocoPhillips said at a Center for Strategic and International Studies. "I don't know that I have a real good answer to that question other than it doesn't feel like the fundamentals would support that kind of fall."
Like Hofmeister Lance said oil prices could rebound faster than anticipated as they did in 2009 following the Great Recession.
Some of his former peers in the oil sector share his sentiments regarding the oil oversupply and its impact on oil prices.
“With the right focus and while oil price are down we Americans should keep our eye on the ball and continue to develop natural gas a cleaner alternative for future fuel markets with the money we are currently saving with lower oil import prices because the price of oil will go back up said Leslie Stencil CEO of Niyato Industries Inc. and also keep in mind that the cost to operate the drilling and fracking industrial sectors has also come down based on lower fuel costs.
One of Niyato Industries keys to using natural gas is in the transportation sector in the way of new vehicle conversion which the company takes a new gasoline vehicle and re-powers it to be able to operate on natural gas exclusively or to use both fuels: gasoline and natural gas making that vehicle a bi-fuel vehicle. In either case fleet operators will experience lower fuel cost and accompanying reduction in vehicle maintenance as well as extended vehicle life and a 25% reduction in greenhouse gases.
The biggest drawback to CNG conversion seems to be the availability of convenient fueling stations. However there are over eighty stations in California at this time with many more planned for the near future. Niyato is working on a plan to finance and install fueling stations at truck stops along the Interstate 5 corridor from Shasta County to Los Angeles one about every 25 miles and future plans include LA to San Diego.
The availability of cheap natural gas in today’s market makes the CNG field wide open for expansion. Unlike wind and solar energy natural gas is immediately available in most cases from the preexisting natural gas pipeline network. And unlike wind and solar the natural gas we are using today does not need a subsidy and is produced for the most part on private lands. The natural gas production and reserves from "fracking" in United States in recent years has increased exponentially.
In a recent article from Automotive Fleet entitled "Fueling Your Fleet" they are quoted as saying "Fleets looking to switch to natural-gas-fueled vehicles can reduce their fueling costs by 40% or more understanding the variations in fueling stations types and how fleet needs to fuel can help in making the decision"
About Niyato Industries Inc.
The company was founded by Mr. Leslie Stencil through his relentless pursuit to "change the way Americans think about their fuel" to give the American people a transportation fuel alternative (Natural Gas). He has partnered the company with experts such as IMPCO Automotive the world's leader in natural gas systems. IMPCO Automotive is Tier 1 at GM which helped to create the GM's natural gas program and a (QVM) Quality Vehicle Modifier for Ford motor company. And the company newest partner is Landirenzo USA being the company’s secondary equipment supplier of natural gas systems.
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including without limitation ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors risks and uncertainties that may cause actual results events and performance to differ materially from those referred to or implied by such statements. In addition actual or future results may differ materially from those anticipated depending on a variety of factors including continued maintenance of favorable license arrangements success of market research identifying new product opportunities successful introduction of new products continued product innovation sales and earnings growth ability to attract and retain key personnel and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.
For more information please visit Niyato Industries at www.niyato.com.
SOURCE: Niyato Industries
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