In an interview with the Dallas Morning News, Exxon Mobil CEO Rex Tillerson, said that he doesn’t think using compressed natural gas (CNG) in vehicles makes much sense.
While he sees a dramatically increasing demand for CNG in other applications such as centralized power generation, he said that it takes such a huge investment to convert fueling stations and cars (especially long haul trucks) over to CNG, that it just doesn’t pencil out.