Clean Energy Fuels Corp. Q2 2008 Earnings Call Transcript

Welcome to the Clean Energy Fuels second quarter earnings conference call. (Operator Instructions) It is now my pleasure to introduce your host, Ina McGuinness of ICR.

Earlier this afternoon, Clean Energy released financial results for the second quarter and six months on June 30, 2008. If you’ve not received the press release, it is available on the Investor Relations section of the company’s website at www.cleanenergyfuels.com. This call’s been webcast and a replay will be available on the company’s website for thirty days...

This is a ten page document that will take a while to wade through. Of particular interest to many here on FR, will be CEO Andrew J. Littlefair's overview of the company on pages 1-2. Also on page 10, for CA FReepers especially, there's discussion on the Proposition 10 issue due for consideration by the electorate in November.

Sorry, nothing herein regarding Speaker Pelousy's stake in the company.

Nancy has also sunk a huge chunk of cash into the wind farm business with T. Boone Pickens. http://ushighwayman.wordpress.com/2008/08/13/t-boone-now-teams-up-with-nancy-pelosi-on-pickens-plan/

"Specifically, Nancy Pelosi has a couple thousand shares in Clean Energy Fuels Corp, which is T. Boone’s company that sells fleet natural gas refueling services. Right now, the stock has been doing ok, especially when compared to the rest of the market: Google Finance chart of CLNE since inception" http://www.xdtalk.com/forums/political-view/80276-nancy-pelosi-invests-energy-scheme-water-grab-t-boone-pickens.html

"This means that Pelosi could have purchased around 20,000 shares at $3.86, or $50,000 to $100,000 worth, which are now worth 300% more than their original value. Nancy Pelosi says that she is trying to save the planet and prevent global warming, but the reality is that, according to disclosure statements, in May 2007 she invested in T. Boone Picken’s clean energy fuels corp., CLNE, which is the sole sponsor of a proposal in California to funnel $5 billion in state funds and $5 billion in Federal funs to this corporation which will indirectly help them create a giant wind farm in the Texas panhandle. An overlooked story in November of 2007 shows that the T. Boone Pickens plan involves the private control of water, which Pickens wants to be able to sell to big cities via giant water pipelines which will be built on land seized under eminent domain."

"Pickins plan involves the private control of water"

That sounds awful evil. Letting these landowners own their water. We better send the state guard out there and confiscate it for the state.

In Texas, the Rule of Capture allows the landowner control of the groundwater. But, the groundwater is regulated by the many Groundwater Conservation Districts thru-out the state.

Pickens and the 100 plus landowners in Mesa Water are in the Panhandle Groundwater Conservation District and have permits to produce the water, if they can find a buyer.

I posted this a few days ago. I got close to 200 hits and zero replies. Nobody even tried to ridicule my little joke about Mr. Edison. I pinged thackney and uncledave with no response. This bullshit about subsidies really pisses me off. These people just look at the production subsidy for renewables and completely disregard the other massive subsidies that carbon and nuke projects have benefited from over the years.

I'm just an old trooper trying to make a buck in retirement and believe that Mr. Pickens knows a helluvalot more about the energy business than anybody else, therefore I am long in CLNE and WPRT, which was just listed on NASDAQ today. I'm for drilling, nukes and all of the above but I'm also a realist facing massive obstruction from evniro/nimby wackos.

You are far more persuasive and quick in your arguments than I, so I will just lurk on this issue and post articles I feel are pertinent, without comment, and with your permission, ping you.

Cheers, FRiend!

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