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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bank of Montreal | NYSE:BMO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.24 | 0.27% | 89.89 | 90.355 | 89.10 | 90.18 | 778,443 | 23:00:06 |
INDIANAPOLIS, May 23, 2012 /PRNewswire/ -- In a recent report on the Indianapolis 500 and the feasibility of alternative fuels, Brent Schutte, Market Strategist for Harris Private Bank, writes about the promising future of natural gas vehicles to cut costs for American families and racing teams.
"Indy car drivers have embraced versions of alternative fuels and this season will mark the first year that cars will be burning E85 (ethanol) fuel," said Schutte. "The sights and sounds of race cars burning fuel to speed across the track in America's Heartland got us thinking about another American story, namely the increased natural gas and crude oil production that is occurring in many parts of the U.S."
Here are some facts from the report about gas usage for Indy car drivers and average residents of Indianapolis:
"We believe that the recent trend toward alternative energy vehicles is more than just a passing fad and will continue until a new equilibrium exists between the price of natural gas and the price of oil," said Schutte. "Many companies already have or are in the process of converting some of their fleets to run on compressed natural gas, and the consumption of natural gas as vehicle fuel continues to rise."
For a copy of the complete report, visit www.harrisbank.com/indy500.
Harris Private Bank
Harris Private Bank is a trade name used by various financial service providers in BMO Financial Corp. Banking services offered by Harris Private Bank are provided by BMO Harris Bank N.A. and their bank affiliates. Member FDIC. Not all products and services are available in every state and/or location.
BMO and BMO Financial Group are trade names used by Bank of Montreal
The information and opinions expressed herein are obtained from sources believed to be reliable and up-to- date, however their accuracy and completeness cannot be guaranteed. Opinions expressed reflect judgment current as of this publication and are subject to change. Past performance is not indicative of future results.
SOURCE BMO Financial Group
Copyright 2012 PR Newswire
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