Panic in the streets of Baltimore?
Written by Brian Hicks
Posted September 7, 2005
Dear Wealth Daily reader:
You haven't seen anything yet!!!
Tensions were already running high after Baltimore residents spent the prior six days completely hypnotized by news coverage of the hurricane disaster in Louisiana and Mississippi. So it was no surprise to see mile-long gas lines snaking around the corners of Baltimore's busiest streets after one simple rumor spread through Charm City faster than its infamous teenage pregnancy epidemic.
Early Friday afternoon, a rumor began that a mandatory, state-wide closure of all gas stations in Maryland would be implemented at 4:00 p.m.
And sure enough, by 2:00 the collective panic had begun.
Of course, there was no relevance to this rumor. In fact, the governor's office was even quick to release a statement verifying that the rumor was completely false.
Nonetheless, city residents were frantically rushing to the gas stations, trying to fill up their gas tanks before the stations closed for the day.
Unscrupulous gas station owners were gouging prices; testing the humanity of their customers as they sent store clerks outside to 'update' their prices.
And if weren't for the quick response of the Baltimore City Police Department, there's no doubt in my mind that a wave of violence would've soon followed.
Though like I said...it was only a rumor.
But imagine if it were true.
Imagine that all the gas stations in Baltimore...or better yet, all the gas stations in every major city across the U.S. turned off their pumps at 4:00.
The major cities in the U.S. are already a racial and economic powder keg. Cut off the flow of gas for just one afternoon, and you'd see a level of mass violence that'll make the L.A. riots look like a Girl Scout convention.
Fortunately for Baltimoreans, last Friday's 'episode' was relatively brief. But it did make many people realize just how delicate the balance of order and social stability is when it rests on the uninterrupted flow of gas.
And once again, we see the continued validation for the necessary growth and sustainability of the hybrid vehicle market!
That's why today, I'd like to devote the Green Chip Review to an industry that I've only briefly touched on in the past. But it's huge! In fact, this particular industry could be worth more than $2.5 billion to the hybrid market in the next two to three years!
--------------------------------------------------
Need Help Buying Canadian Stocks?
Contact Mike Bruin @ Canaccord Capital Corp.USA Inc.
mike_bruin@canaccord.com
Phone 1-800-663-8061- ext. 7438 --USA
Direct Phone (604) 643-7438
--------------------------------------------------
Hybrid Profits in a New York minute!
In New York City alone, there are more than 12,000 taxi cabs in operation, traveling a total of approximately 722 million miles each year.
These taxi cabs, 94.4 percent of which are Ford Crown Victorias, average between 16 and 18 miles per gallon.
That means in one year, New York City taxi cabs are burning between 40 and 45 million gallons of gas!
Based on today's average gas price in NYC of $3.39 per gallon - you're looking at between $135 million and $152.5 million in gas per year - just for New York City taxi cabs!
Compare that to a year ago when gas prices in NYC were averaging $1.83 per gallon.
Based on that average, you're looking at between $75.6 million and $85 million in gas per year for taxi cabs.
Total cost difference in one year = between $59.4 million to $67.5 million per year!!!
Needless to say, taxi cab passengers and taxi cab owners/drivers (both of whom are stuck shelling out the extra cash to get from point A to point B) have never been more excited about welcoming the introduction of a new, fuel-efficient alternative to the conventional taxi cab.
In fact, just recently New York City passed the 'Clean Air Taxis Act,' which many are expecting to jumpstart the conversion of New York City's taxi fleet to less-polluting, more fuel-efficient hybrid vehicles.
The 'Clean Air Taxis Act' requires the Taxi and Limousine Commission to approve at least one model of hybrid gas-electric vehicle for use as a New York City taxicab within 90 days of the law's enactment. The approved hybrid model will be eligible for immediate use by all current and future medallion owners.
The move to a hybrid fleet will immediately help reduce the city's massive air pollution problem while lifting a huge burden off the shoulders of New York City's cabdrivers.
With the implementation of a hybrid fleet, taxi drivers will be able to nearly double their miles per gallon…essentially allowing them to maintain, and even increase profitability.
And while New York City is the first city in the nation to adopt less-polluting, energy efficient hybrids as a standard vehicle for taxis…many cities will soon follow.
Between the cutting of global warming pollutants and the massive cost savings of hybrid 'green fleets,' you'll be hard-pressed to find one taxi cab company in the U.S. that's still buying conventional vehicles by 2007.
Not a bad time to grab a piece of this action!
In the next few days I'll be introducing you to a young hybrid technology company that's not waiting another second to get their share of the hybrid taxi market. In fact, this particular company started developing hybrid taxis more than a year before New York even passed the 'Clean Air Taxis Act.'
More on this company soon!
Until then...
Jeff Siegel
Editor, Green Chip Stocks
You haven't seen anything yet!!!
Tensions were already running high after Baltimore residents spent the prior six days completely hypnotized by news coverage of the hurricane disaster in Louisiana and Mississippi. So it was no surprise to see mile-long gas lines snaking around the corners of Baltimore's busiest streets after one simple rumor spread through Charm City faster than its infamous teenage pregnancy epidemic.
Early Friday afternoon, a rumor began that a mandatory, state-wide closure of all gas stations in Maryland would be implemented at 4:00 p.m.
And sure enough, by 2:00 the collective panic had begun.
Of course, there was no relevance to this rumor. In fact, the governor's office was even quick to release a statement verifying that the rumor was completely false.
Nonetheless, city residents were frantically rushing to the gas stations, trying to fill up their gas tanks before the stations closed for the day.
Unscrupulous gas station owners were gouging prices; testing the humanity of their customers as they sent store clerks outside to 'update' their prices.
And if weren't for the quick response of the Baltimore City Police Department, there's no doubt in my mind that a wave of violence would've soon followed.
Though like I said...it was only a rumor.
But imagine if it were true.
Imagine that all the gas stations in Baltimore...or better yet, all the gas stations in every major city across the U.S. turned off their pumps at 4:00.
The major cities in the U.S. are already a racial and economic powder keg. Cut off the flow of gas for just one afternoon, and you'd see a level of mass violence that'll make the L.A. riots look like a Girl Scout convention.
Fortunately for Baltimoreans, last Friday's 'episode' was relatively brief. But it did make many people realize just how delicate the balance of order and social stability is when it rests on the uninterrupted flow of gas.
And once again, we see the continued validation for the necessary growth and sustainability of the hybrid vehicle market!
That's why today, I'd like to devote the Green Chip Review to an industry that I've only briefly touched on in the past. But it's huge! In fact, this particular industry could be worth more than $2.5 billion to the hybrid market in the next two to three years!
--------------------------------------------------
Need Help Buying Canadian Stocks?
Contact Mike Bruin @ Canaccord Capital Corp.USA Inc.
mike_bruin@canaccord.com
Phone 1-800-663-8061- ext. 7438 --USA
Direct Phone (604) 643-7438
--------------------------------------------------
Hybrid Profits in a New York minute!
In New York City alone, there are more than 12,000 taxi cabs in operation, traveling a total of approximately 722 million miles each year.
These taxi cabs, 94.4 percent of which are Ford Crown Victorias, average between 16 and 18 miles per gallon.
That means in one year, New York City taxi cabs are burning between 40 and 45 million gallons of gas!
Based on today's average gas price in NYC of $3.39 per gallon - you're looking at between $135 million and $152.5 million in gas per year - just for New York City taxi cabs!
Compare that to a year ago when gas prices in NYC were averaging $1.83 per gallon.
Based on that average, you're looking at between $75.6 million and $85 million in gas per year for taxi cabs.
Total cost difference in one year = between $59.4 million to $67.5 million per year!!!
Needless to say, taxi cab passengers and taxi cab owners/drivers (both of whom are stuck shelling out the extra cash to get from point A to point B) have never been more excited about welcoming the introduction of a new, fuel-efficient alternative to the conventional taxi cab.
In fact, just recently New York City passed the 'Clean Air Taxis Act,' which many are expecting to jumpstart the conversion of New York City's taxi fleet to less-polluting, more fuel-efficient hybrid vehicles.
The 'Clean Air Taxis Act' requires the Taxi and Limousine Commission to approve at least one model of hybrid gas-electric vehicle for use as a New York City taxicab within 90 days of the law's enactment. The approved hybrid model will be eligible for immediate use by all current and future medallion owners.
The move to a hybrid fleet will immediately help reduce the city's massive air pollution problem while lifting a huge burden off the shoulders of New York City's cabdrivers.
With the implementation of a hybrid fleet, taxi drivers will be able to nearly double their miles per gallon…essentially allowing them to maintain, and even increase profitability.
And while New York City is the first city in the nation to adopt less-polluting, energy efficient hybrids as a standard vehicle for taxis…many cities will soon follow.
Between the cutting of global warming pollutants and the massive cost savings of hybrid 'green fleets,' you'll be hard-pressed to find one taxi cab company in the U.S. that's still buying conventional vehicles by 2007.
Not a bad time to grab a piece of this action!
In the next few days I'll be introducing you to a young hybrid technology company that's not waiting another second to get their share of the hybrid taxi market. In fact, this particular company started developing hybrid taxis more than a year before New York even passed the 'Clean Air Taxis Act.'
More on this company soon!
Until then...
Jeff Siegel
Editor, Green Chip Stocks
