Yeah but....
E-CEM passed its first USNRL milestone in 2009 (naval researchers modified a std ClO2 cell with electro-deionization cell and released CO2 from seawater, and generated hydrogen as a byproduct).
Fast forward to 2015/16.
Still in lab/research scale. Producing synthetic fuel (mostly jet fuel) for navy aircraft (off of aircraft carriers powered by nuclear).
Just recently produced a synthetic fuel to power a small ICE (as in Internal Combustion Engine). That was for MODEL AIRCRAFT engine (so real small) with no modification needed to the ICE.
The talk is of course an S-EV (as in Saltwater - Electric Vehicle) - where the Hydrogen powering the fuel cell in the EV is derived from seawater instead of natural gas.
Big sticking point presently - energy efficiency in that it takes approx 2 units of energy input to produce the 1 unit of energy output for starters.
Still it could be commercial in a decade (or two)
Seawater Energy - whats the catch
Probably not something that will affect the short term value of O&G stocks.
One could maybe make the argument that this sort of innovation is what motivates the Saudi's as the Stone Age didn't end because we ran out of Stones.
Happy 2016 to all ... maybe a H2 recovery in oil price?
Yeah but.... E-CEM passed its first USNRL milestone in 2009...
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