Time Magazine has just published a doom and gloom piece on US energy prospects. Unfortunately for them, their straight line projection on hydrogen is severely lacking in data. While hydrogen power and fuel cells have been around for decades and have been touted in past plans, they didn't have any shipping or near shipping products at that time.
Clearly we're getting to the point where alternatives to the oil economy are becoming economic and not just political priorities. Time's stuck in full reactionary mode with this piece, crying out permanent doom when the light at the end of the tunnel is finally visible. From here on in, oil has an effective price ceiling because conversion to hydrogen is becoming more and more of an option.
Posted by TMLutas at July 14, 2003 01:23 PM