Hydrogen is often being touted the final solution to all our problems with vehicles and pollution. It does not produce CO2 (at least not directly) and for that fact alone its the darling of the tree huggers. But reality – as so very often – is much more complex. On balance hydrogen is not really the stuff you want in your tank and it comes at a very heavy price.
But America needs to fix its addiction to easy money and the current crisis could have been the best thing happening to the country in a long while for its curative properties. Its going to be bluntet by the shale gas boom as this puts new easy money at the fingertips of politicians.
America rapidly transforms from the energy problem child to become the new el Dorado. The economy is pimped by all the investment going the other side of the Atlantic. The population is blessed with much cheaper fuel and lets not forget – the environment does better than any time after World War 2. Why cant we have that in Europe?
LNG is a fringe fuel – or it still is because we can see it becoming mainstream very fast. The old fuelling world is staging a fierce defense battle. And they will not shy back from making it real ugly to switch. But as Victor Hugo once famously said “You can’t beat ideas when their time has come”.