Gas prices are on the rise again and news analysts are kicking it around, wondering who is being ripped off this time. But geologists, scientists and even some economists suspect that unlike other gas shortages, this one is the real thing, or at least the beginning of the real thing: production has peaked and the era of cheap oil is about to end.
The consequences of the end of oil are monumental beyond any overstatement. Without leadership at this moment, our chances of avoiding future chaos are slim. But who will provide the leadership?
President Bush showed up in California last week for Earth Day. In Sacramento, he met with representatives of the California Fuel Cell Partnership, a consortium of companies and government agencies that promotes hydrogen-powered fuel cell vehicles. Bush happily hyped the "hydrogen economy" as the ultimate solution to our oil addiction. Meanwhile, to deal with the short term gas price rise, he instructed the EPA to start dropping environmental requirements for warm weather fuel additives. We'll save a few pennies at the pump but our lungs will pay for it.
The hydrogen economy is an interesting concept. Hydrogen, the lightest element, consisting of one proton and one electron, can be dissociated from water (H2O) by applying an electrical current. The idea is to use electricity generated by nuclear plants or potentially solar and wind generators, to produce hydrogen from water. Hydrogen is most efficiently burned in fuel cells, which are basically a battery that recharges with a fuel like hydrogen or natural gas.
There are major challenges to overcome before this idea could even approach implementation. One is the complexity and cost of fuel cells which are not at all a mature technology for widespread use. Another is the problem of hydrogen storage. It takes a tremendous amount of energy to compress and cool hydrogen to a liquid state for storage in a tank. Finally there's the source of electricity for generating hydrogen: a phenomenal ramp-up of nuclear and/or renewable power generation will be required because hydrogen is not the actual source of energy. It is merely an energy carrier, a way to store energy and pack it along to keep us moving down the road.
http://www.truthout.org/docs_2006/042606R.shtml