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Clean Energy Fuels CEO Andrew Littlefair on Thursday addressed the recent enthusiasm for his company’s stock forged on online forums like Reddit.

“I’ve read a lot of these posts, it seems like they get it,” Littlefair told CNBC’s Jim Cramer in an interview on “Mad Money.”

“One of the things that comes through again and again is, they said, ‘Hey these guys at Clean Energy take something nobody wants, clean it up, put it in a vehicle, make money and save the planet. I kind of like that.’ So, I think they get it,” Littlefair said.

Last week, Clean Energy Fuels entered the crosshairs of Reddit traders, who first captured Wall Street’s attention in late January when they piled into shares of GameStop and a few other companies.

Clean Energy Fuels jumped more than 30% on June 9 to close at $13.02, as mentions of the California-based firm spiked online.

Enthusiasm has seemed to wane a bit in recent days, although the stock rose almost 4% Thursday to finish at $11.12. Clean Energy Fuels is up about 41% year to date.

The company is a provider of renewable natural gas, which is a “pipeline-quality gas that is fully interchangeable with conventional natural gas,” according to the U.S. Department of Energy.

Clean Energy Fuels takes the methane from manure and processes it in such a way that it can be used as fuel for vehicles, Cramer explained. In April, the company reached an agreement with Amazon to provide the e-commerce giant with access to its RNG stations.

“For us, it’s building them, now 19, new stations and making available 27 other stations, so they’ll be using 46 of our stations. We’ll be selling them all RNG, and so we’re very excited about that,” Littlefair said about the Amazon tie-up.

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U.S. ambassador insists America remains the top foreign policy actor in the Middle East

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U.S. ambassador insists America remains the top foreign policy actor in the Middle East

America is the most important foreign policy actor in the region, U.S. Ambassador to the UAE says

The U.S. Ambassador to the United Arab Emirates Martina Strong believes the U.S. is unequivocally the most important foreign policy actor in the Middle East.

Her comments come roughly one year after President Joe Biden threatened “consequences” for Saudi Arabia after the OPEC kingpin slashed oil production along with its allies against Washington’s wishes.

Biden’s administration has been notably quiet about recent OPEC+ output cuts, however, even as oil prices have rallied close to $100 a barrel.

The U.S. is seeking to orchestrate a delicate balancing act in the region, particularly as it pushes for the normalization of ties between Israel and Saudi Arabia and responds to China’s growing influence.

Saudi Arabia has recently shown signs of steering toward China and Russia after rekindling relations with Iran through Beijing-mediated talks and receiving an invitation to join the emerging economies’ BRICS alliance.

Asked by CNBC’s Dan Murphy whether the U.S. remained the most important foreign policy actor in the region, Strong replied, “Absolutely. I have no doubt about it. Our leadership is really unquestioned and apparent in every, I would say, region of the world — and this is no different.”

Strong said the U.S. is “working very closely together with the UAE and with our other partners here in the region on our core national security priorities as well as our national economic priorities.”

Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman (L), India’s Prime Minister Narendra Modi (C) and U.S. President Joe Biden attend a session as part of the G20 Leaders’ Summit at the Bharat Mandapam in New Delhi on September 9, 2023.

Evelyn Hockstein | Afp | Getty Images

“When it comes to security, President Biden has put forward a very positive, strong vision for our cooperation with the region. It’s based on diplomacy, it’s based on deterrence, de-escalation and, at the end of all this, of course, is prosperity,” she added.

“We’ve been doing that successfully here in the UAE for over 50 years, and we look forward to doing so for many years to come. I would say what is perhaps unique about our partnership with the UAE is how future-oriented and forward-looking that partnership is.”

Strong said the U.S. and UAE would continue to work together in response to the climate crisis. The UAE will host the COP28 climate conference from Nov. 30 through to Dec. 12.

— CNBC’s Ruxandra Iordache contributed to this report.

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Indian energy minister warns of ‘organized chaos’ if oil tops $100 per barrel

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Indian energy minister warns of ‘organized chaos’ if oil tops 0 per barrel

Oil prices surged to their highest level in more than a year on Thursday. The U.S. West Texas Intermediate futures reached $95.03 per barrel, marking the highest cost since August 2022.

Manan Vatsyayana | Afp | Getty Images

India’s minister of petroleum and natural gas warned that there’ll be “organized chaos” if oil prices break above $100 per barrel, but said the South Asian nation is well positioned to weather higher costs. 

“If the price goes above $100, it’s not going to be in the interest of either the producing country or anyone’s interest. You will have large, organized chaos,” Hardeep Singh Puri told CNBC’s Dan Murphy during a panel at the ADIPEC oil and gas conference in Abu Dhabi, United Arab Emirates on Tuesday.

But “you should not be worrying about the impact on India. India’s a large economy that has a lot of domestic production. We’ll cut back, we’ll do something or the other,” Puri said.

Last week, oil prices surged to their highest levels in more than a year with U.S. West Texas Intermediate futures hitting $95.03 per barrel. Prices have since pulled back, standing at $89.44 a barrel in Wednesday morning trade in Asia.

While Puri was confident that India could navigate higher prices, he warned that other nations may not be able to do so.

“I would worry about what happens to other parts of the developing world … that is really a worrying point,” Puri said, highlighting that rising prices in the last 18 months have placed “100 million people into abject poverty.” 

“They had to go from reasonably priced gas and cooking fuels [to] wet wood, coal or whatever they could get. That is the problem.” 

Hardeep Singh Puri, India’s minister of Petroleum and Natural Gas, at the ADIPEC conference in Abu Dhabi, United Arab Emirates, on Tuesday, Oct. 3, 2023.

Bloomberg | Bloomberg | Getty Images

The minister said on X, the social media platform previously known as Twitter, that oil producers need to be mindful of the struggles consuming countries face. 

“During the pandemic, when crude oil prices crashed, the world came together to stabilize the prices to make it sustainable for the producers. Now, as the world is at cusp of economic recession & slowdown, oil producers need to show [the] same sensitivity towards the consuming countries,” he said in a post.

India’s energy transition 

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Quick Charge Podcast: October 3, 2023

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Quick Charge Podcast: October 3, 2023

Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple PodcastsSpotifyTuneIn and our RSS feed for Overcast and other podcast players.

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