Breakthrough promises $1.50/ gallon synthetic gasoline, no carbon emissions

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Now I know this could be put in the Motors forum and I know it is is dollars but it was developed in the UK so I thought everyone would like the read :)

UK-based Cella Energy has developed a synthetic fuel that could lead to US$1.50 per gallon gasoline. Apart from promising a future transportation fuel with a stable price regardless of oil prices, the fuel is hydrogen based and produces no carbon emissions when burned. The technology is based on complex hydrides, and has been developed over a four year top secret program at the prestigious Rutherford Appleton Laboratory near Oxford. Early indications are that the fuel can be used in existing internal combustion engined vehicles without engine modification.

source:
http://www.gizmag.com/breakthrough-promises-150-per-gallon-synthetic-gasoline-with-no-carbon-emissions/17687/

What are your thoughts?
 
Lets wait until they actually start producing it....

Am skeptical about the supposed end price - how exactly are they going to cheaply produce this stuff???? You can't just obtain hydrogen by magic - takes a bit of energy...
 
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You can't make something from nothing, so resources of some sort are going to be needed.
Are these resources in plentiful supply and is harvesting them going to be cost effective and non impacting on the environment.
 
Lets wait until they actually start producing it....

Am skeptical about the supposed end price - how exactly are they going to cheaply produce this stuff???? You can't just obtain hydrogen by magic - takes a bit of energy...

Hydrogen production will never be viable until it's a waste product output of something, like some planned, but not built, future generation nuclear reactors.

Total non story if it's based on hydrogen until we can get it cheaply.
 
You can't make something from nothing, so resources of some sort are going to be needed.
Are these resources in plentiful supply and is harvesting them going to be cost effective and non impacting on the environment.

We have that italian fusion reactor to take care of any electricity generation so no worries! We'll be knee deep in cheap fuel in no time :D
 
What are your thoughts?

presuming it manages to make it into production, without some oil company buying up Cellaenergy & sitting on the tech, you can bet your life UK gov will tax the living daylights out of it as is there want.
 
Believe it when I can buy £20 worth in my local garage. Where's the perpetual motion machine at? (lol) Or cold fusion? When are we going to see a proper breakthrough in energy production?

I will add, I would love this to be true. I'd love it to be clean and easy to produce, so to stick two fingers up to the environmental mentalists and the thieving government. Would love to see their reasoning for taxing a fuel like this the same way as oil products
 
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This. I was listening to Radio 4 on the way home from the station, and the presenter mentioned that 85p of a £1.30 litre is tax.

That is insane. There is no justification for such abhorrent greed.

Yeah those holes in the roads just fix themselves.

And all of the new road developments construct themselves too, all for free!

The tax is definitely going straight into someone's pocket.
 
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