| Gasoline:
$3 a gallon and climbing! "Who in this room is considering hydrogen fuel
cell powered boats?" questioned Jeremy Rifkin, as he addressed the 10th
Annual Creative Conference in Palm Beach sponsored by Marine Design Resource
Alliance. Several CEOs of marine engine manufacturers in attendance quickly
acknowledged their companies were involved in joint venture research looking
into alternative fuels. Rifkin says as the price of gasoline and diesel
soar, the next new economy will be the Hydrogen Economy.
Rifkin, president of the Foundation
on Economic Trends and author of seventeen books on the impact of scientific
and technological changes on the economy, lectured for two days before
a select group of marine CEOs during this year's conference. Sharing his
insight into the growing European market in the pre- conference workshop,
Rifkin pointed out trends that are shaping the interests of boat buyers
overseas that could lead to different marketing messages, and the obstacles
of doing business with a European Union that represents so many diverse
cultures across so many borders.
"Europeans work to live, unlike Americans
who live to work." Rifkin noted. "In Europe, the average worker gets six
weeks of vacation each year. Americans take less than two weeks per year."
Pointing to findings in his bestseller, The Age of Access, Rifkin suggested
that the timing is right for the marine industry to examine the idea of
fractional ownership that would possibly allow more people access to the
boating lifestyle. "Vacation resorts, timeshares, automobile leasing, the
latest trend for fractional ownership of airplanes and jets, and even the
iPod era of downloading music are all about access to a lifestyle," Rifkin
extolled. "Tthere are a number of companies here and abroad that are experimenting
with applying this concept for boating." Rifkin pointed out that risks
of failure are high for the first company to try fractional ownership,
but eventually someone else builds on that knowledge and will succeed.
The Creative Conference provides
executives from boat builders and key component suppliers with the opportunity
to hear experts on future trends, share ideas and discuss ways of improving
their businesses and the boating industry beyond day-to-day issues. The
Marine Design Resource Alliance is a non-profit organization committed
to advancing the future of recreational boating.

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