12. Can hydrogen help our Balance of Payments?
At the height of the Oil Crisis in July of 2008, the United States was sending nearly $1 Billion a day to overseas energy suppliers, many of whom are not our friends. While oil prices have collapsed to less than $35 per barrel from over $140, these low prices are unlikely to remain for long. Our suppliers now expect a minimum of $60 per barrel to cover their higher costs of exploration and extraction.
Hydrogen from United States methane sources (we have a 200 year supply at current usage rates) could cut our balance of payments by hundreds of millions of dollars a year.