Technology Review writes:
The hydrogen economy — with its vision of gas-guzzling engines replaced by hydrogen fuel cells that produce water instead of smog and greenhouse gases — is a big mistake, according to George Olah, winner of the 1994 Nobel Prize in chemistry.
Olah, whose research in the chemistry of hydrocarbons has led to high-octane fuels and more easily degradable hydrocarbons, is now director of the Loker Hydrocarbon Research Institute at the University of Southern California. He argues that storing energy in the form of methanol, not hydrogen, could end our dependence on fossil fuels and transform carbon dioxide from a global-warming liability into an essential raw material for a methanol-based economy. Olah lays out his plan in a new book, Beyond Oil and Gas: The Methanol Economy, published last week by Wiley-VCH.