It's about Effing time... Finally a real breakthrough

Check out this car that may finally put "Big Oil" in it's place. The very first car was a steam engine, and for the life of me I can't figure out why it has taken so long to return to the most simple solution for the oil crisis... H2O, that's right water. It's cheaper, environmentally friendly, and abundant for the time being. It may take awhile to get the technology as sufficient as todays standard automobiles, but it is a great start to ween our dependency on oil. 5 dollar gas is just around the corner, so look forward to smarter alternatives. This one is the first I have seen.

Genepax Co Ltd has unveiled a new breakthrough fuel cell system “Water Energy System (WES),” that uses water as a fuel and does not emit CO2.
The system uses Genepax’s membrane electrode assembly (MEA), which contains a “material capable of breaking down water into hydrogen and oxygen through a chemical reaction.”
During a press conference at the Osaka Assembly Hall on June 12, 2008, Genepax demonstrated a fuel cell stack with a rated output of 120W and a fuel cell system with a rated output of 300W. In the demonstration, Genepax powered the TV and the lighting equipment with a lead-acid battery charged by using the system. Although the production cost is currently about ¥2,000,000 (US$18,522), it can be reduced to ¥500,000 or lower if Genepax succeeds in mass production. The company believes that its fuel cell system can compete with residential solar cell systems if the cost can be reduced to this level.