Natural gas vehicle industry Exec: North America is the next big thing

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Join the Motley Fool brendan burns, an analyst with the west port of innovation and Ian Scott's conversation. Scott is west port road systems division, and OEM partners, such as ford and Volvo, Ken voss, Peter bildt production of natural gas vehicles in the executive vice President of the United States and other places.
In the development of North America is exciting to Westport, the increase of the gas and the price is still very low. Scott in the video below, discuss the north American market, as well as the possible impact, if the company wants to gas exports to Europe or Asia.
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Brendan burns: if you say you are the most excited is, in the next year or two years of road system in the division of an area, it would be?
Ian Scott: don't do this to me.
Burns: I do. I have.

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Scott: don't do this to me. You know, it's interesting, because most of our products - maybe I will do, I'll spin, and turn it into a geography, because I think North America, what is happening now, is really exciting.
If you look at the first decade of this century, we see behind in North America. If there are a lot of the growth of natural gas vehicles and transportation, and other jurisdictions of the world's growth is quite positive.
As the shale gas, now, the new extraction technology, economics is completely changed. We see our global OEM partners in North America as the next big thing.
As the road, we just talked about - and Volvo V70 products in addition to products sold in North America. Pickup trucks, heavy trucks, cummins joint venture to west port and sustained growth. Maybe in the future of Volvo cars and other company.
I think now for us, this is very exciting.
Burns: westport, maybe worry from North America gas exports to Asia, where the price is much higher, or to Europe, where the price is higher also, this will have an impact on natural gas prices - it - perhaps less westport service demand in the future?
Scott: in North America?
Burns: MM - HMM.
Scott: well, if you look at what is the actual prediction - reserves and new discovery - this is great. When you look at the related research, if exports - first of all, we want to allow a large number of export? If we look at most to study the effect of said so. It is not in the short term.
And you must remember, is you work of natural gas and diesel or gasoline, fuel oil price differential. Now, this is the recent oil price of $80 to $100 a barrel. What will happen, if the economy does start to take off, both in North America and the world?
If prices go up - even in the long run, if gas prices also went up - you still have significant differences, most experts agree that may only increase in the future.