Hydrogen Hype Hits Wall Street

Investors finally have a legitimate reason to buy hot air.

Published: 04-Feb-2003

By Eric Hellweg

Viewers who watched last week's State of the Union speech may have been caught off-guard by President Bush's proposal to fund hydrogen-powered automobile development research. Some were surprised to see the initiative coming from Bush, a man whose personal fortune comes from oil money. Others pointed out that the president's most recent economic stimulus proposal paradoxically includes tax cuts for small businesses that purchase gas-guzzling SUVs. And finally, some argued that the gasoline-electric hybrid -- not hydrogen -- is the next step in the automobile's evolution.

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