This why we don’t have to worry about Peak Oil: at some point, price and necessity drive innovation*. It has been that way since the days of Thomas Malthus.
*Government cannot and will not mandate innovation. They may be helpful in funding basic science, but as currently executed government subsides and maintains the status quo. That works counter to the creative destruction necessary for transformational change.
From Stanford University something familiar to most anyone who has taken science – electrolysis of water into hydrogen and oxygen.
Stanford scientists develop a water splitter that runs on an ordinary AAA battery
Stanford scientists have developed a low-cost device that uses an ordinary AAA battery to split water into oxygen and hydrogen gas. Gas bubbles are produced from electrodes made of inexpensive nickel and iron. Credit: Mark Shwartz/Stanford Precourt Institut for Energy
In 2015, American consumers will finally be able to purchase fuel cell cars from Toyota and other manufacturers. Although touted as zero-emissions vehicles, most of the cars will run on hydrogen made from natural gas, a fossil fuel that contributes to global warming.
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