Has the US Navy just quietly solved the oil crisis?

The U.S. Navy Just Announced The End Of Big Oil And No One Noticed

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Surf’s up! The Navy appears to have achieved the Holy Grail of energy independence – turning seawater into fuel: After decades of experiments, U.S. Navy scientists believe they may have solved one of the world’s great challenges: how to turn seawater into fuel. … The new fuel is initially expected to cost around $3 to $6 per gallon, according to the U.S. Naval Research Laboratory, which has already flown a model aircraft on it. Curiously, this doesn’t seem to be making much of a splash (no pun intended) on the evening news. Let’s repeat this: The United States Navy has figured out how to turn seawater into fuel and it will cost about the same as gasoline. This technology is in its infancy and it’s already this cheap? What happens when it’s refined and perfected? Oil is only getting more expensive as the easy-to-reach deposits are tapped so this truly is, as it’s being called, a “game changer.”

via JREF Forum http://ift.tt/1l0D904