Hydrogen industry is dealt a major blow
Amid automotive and bank bailouts, and massive government investment in research, one group that would seemingly be getting a healthy dose of government grants and loans has instead seen its lifeline evaporate. The hydrogen industry’s $1.2B USD boost, proposed by President Bush, has been partially axed by President Barack Obama as part of several billion dollars in budget cuts.
The primary reason for forsaking the hydrogen industry, according to Department of Energy Secretary Steven Chu, is that it’s not close enough to being marketable. Department spokesperson Tom Welch states, “The probability of deploying hydrogen fuel-cell vehicles in the next 10 to 20 years is low.”
The “One” seems to be big on “Bio Fuel”, which we all know causes food prices to raise and is not as efficient as gasoline. Bio Fuel such as made from corn will also cause the starvation of millions of poor people in many third world countries as the price of corn raises.
Besides Bio Fuels being far less efficient then gasoline some studies have shown a net gain of a minuscule 1.0 gallon and when miles per gallon are then added to this equation it would be a loss of energy. In other words it takes about 4 gallons of gasoline to produce 5 gallons of Bio Fuel, yet Bio Fuel gets you about half the miles per gallon.
So who is ready for $4 a gallon Bio Fuel that gets you half of what gasoline does?
The “One” is a freaking genius, NOT!
