HYDROgen still requires HYDROcarbons

Whenever I get into a discussion about high oil prices with someone who is disconnected from the energy industry, I inevitably hear about hydrogen fuel cells and how we can "replace fossil fuels". I know the subject will come up over the holidays when I get together with my much-enlightened "green" family members. So, it is important to remind ourselves of the cogent facts on hydrogen, which Donald Anthrop did so very nicely last year in a paper published by the Cato Institute. It bears reading again...especially as it is a good reminder of why I am so positive that natural gas will be a huge part of our ongoing energy picture. Here's the link:

http://www.cato.org/pubs/briefs/bp90.pdf

Early Release of EIA Annual Energy Outlook

The Annual Energy Outlook presents a midterm forecast and analysis of US energy supply, demand, and prices through 2030. The projections are based on results from the Energy Information Administration's National Energy Modeling System. The Early Release includes the reference case. The full publication, to be released in early 2006, will include complete documentation and additional cases examining energy markets.


http://www.eia.doe.gov/oiaf/aeo/index.html

http://www.eia.doe.gov/oiaf/aeo/pdf/earlyrelease.pdf