Could Gas Go To $1.50 Per Gallon?

It could, if Cella Energy has anything to say about it. Cella Energy, based in the UK, has been working on creating synthetic gas for the past four years in top secret, and if the company is able to successfully replicate the fuel commercially, gas prices to plunge to $1.50 per gallon. The fuel was developed at Rutherford Appleton Laboratory near Oxford. Cella Energy CEO Stephen Voller said that the fuel produces no no carbon emissions when burned, and could be the first step toward a transportation market that's unaffected by unstable oil prices. "We have developed new micro-beads that can be used in an existing gasoline or petrol vehicle to replace oil-based fuels," Voller told Gizmag. "Early indications are that the micro-beads can be used in existing vehicles without engine modification." When hydrogen is burned, it releases only pure water, but the ability to store it has not been easy, so it was never an option. Until now. Currently "the only way to pack it [hydrogen] into a vehicle is to use very high pressures or very low temperatures, both of which are expensive to do. Our new hydrogen storage materials offer real potential for running cars, planes and other vehicles that currently use hydrocarbons on hydrogen, with little extra cost and no extra inconvenience to the driver", said Professor Stephen Bennington, lead scientist on the project for the UK's Science and Technology Facilities Council. If this were to come true, how would companies like Exxon Mobil XOM, Conoco Phillips COP and other oil giants feel? Especially after Exxon just reported a blow out quarter with over $100 billion in quarterly revenues. If this were actually able to come to fruition and be used on a mass commercial scale, it would instantly be the single biggest technological achievement of the 21st century, in my humble opinion.