THE AGE OF OIL IS OVER... soon

VIA INSTAPUNDIT: G.E. HAS DISCOVERED HOW TO MAKE HYDROGEN AS CHEAPLY AS GAS:

Researchers at GE’s Global Research lab in Niskayuna, NY, have developed a system that produces hydrogen at a fraction of the cost and could be available commercially in just a few years. ...GE’s breakthrough comes from a proprietary material called Noryl, a highly chemical- and temperature-resistant plastic developed by the GE labs, that lowers the cost of hydrogen production to hundreds of dollars per kilowatt, according to Bourgeois.

...Although GE has only built a prototype in their lab, Bourgeois believes that demonstrations can come as soon as the end of next year, and commercialization will follow that. The goal of the project, according to Bourgeois, is to bring down equipment costs enough to take the cost of hydrogen from $8 per kilogram to $3 per kilogram—comparable in energy and price to a gallon of gasoline.

If it pans out, it means that OPEC and Chavez and the Mullahs are THROUGH! Good riddance.