What income generation are you talking about? Switching from natural gas to crude will lower emissions, but will leave us with another unrenewable fossil fuel we have to import from not so friendly foreign powers.While there will be a price effect in natural gas, undoubtedly, there would be a quantity effect in crude equal to that of the switch to natural gas. Combined with the income effect gained from the switch, i am more than certain the benefits will far outweigh the costs.
How is natural gas a stepping stone to any other technology? It is almost identical to gasoline in most comparable ways.But bkhad made an interesting point, although i am calling him on his Jim Cramer reference (if not than i do apologize), natural gas is nothing more than a stepping stone.
If EEStor is telling the truth, electric vehicles could become viable sometime this year. Barring that, predictions for nano-wire batteries are about 5 years.A more efficient technology is in the horizon, but that can be maybe 20-30 years away.