A lot of Energy is lost, with each conversion. I mean that the more steps you take, then the more energy will be needed to drive the conversion process? Also producing more CO2. This link has (plausible, alarming)FIGURES for waste at each step. His idea: producing fuel oil by reacting hydrogen with coal (hydrocracking) would be much less wasteful, than liquifying the hydrogen, and using it as a fuel. Or converting it to electricity , and charging electric cars with it.

http://www.recoverybydiscovery.com/hydrogen.htm

Compressed air might be more practical than batteries, since the volume increases faster than the weght. The article doesn't discuss the energy lost compressing air, I think it'd be at least as much as charging a battery. but the tank wouldn't cost as much ,wear out as fast, be so affected by cold, and not a toxic mess.
The article discusses using waste heat from an electricity – generating power plant, to increase hydrogen electrolisis efficiency to 50%. also, the waste heat would be a big saving on the "hydrocracking" process.
The alternative to finding a practical method of powering our civilisation is to wait for most people to die, and then there will be enough land for the remainder to become subsistence farmers. It seems obvious to me that hydrogen and batteries will never be practical. the article explains it well.
i agree about drilling ANWR, and using nuclear power. Imagine the oil that the navy has saved, with nuclear powered ships. Those nuclear aircraft carriers only need to refueled once in their lifetime. I disagree about the CO2 hazards, and think it'd be a real shame to let AGW, or the fantasy of hydrogen fuel distract us.

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