Pethokoukis, James: "I think the drop had everything to do with reports this weekend that MIT chemist Daniel Nocera seems to have discovered a cheap—by a factor of 1,000—and easy way to separate hydrogen from water."
NVDL: How does that song go?
Now, did you read the news today?
They say the danger has gone away
But I can see the fire's still alight
They're burning into the night
There's too many men, too many people
Making too many problems
And there's not much love to go around
Can't you see this is a land of confusion?
Oil slipped below $120 at one point today and now overall is down nearly 20 percent from its July high of near $150. But I don't think the drop had much to do with the usual suspects—a weak consumer spending report, less risk that Tropical Storm Edouard will smack the Gulf Coast—which will surely be mentioned in the financial pages tomorrow.
I think the drop had everything to do with reports this weekend that MIT chemist Daniel Nocera seems to have discovered a cheap—by a factor of 1,000—and easy way to separate hydrogen from water. Scientific American puts the advance in context:
Apparently Nocera believes that this technology could become widespread within a decade. Check this out: "In a future hydrogen economy, he imagines, a house would function much like a leaf does, using the sun to power household electricity and to break down water into fuel—a sort of artificial photosynthesis."
|
No comments:
Post a Comment