Water as a Fuel

[WRXtranceformed]

However I think you'd be surprised to know that some of the petroleum companies are developing alternative fuel themselves. Oil companies have to make investments on a fairly long time scale since it takes a lot of capital and government red tape to open up new wells. They know that the cheap oil gravy train won't last forever so some of the smart oil companies (like BP) are starting to invest in next gen fuels so that they can be ahead of the curve in the next 20 years and beyond.

Oh absolutely. BP is definitely one of the front runners, and again, it's obviously fueled by a desire to be ahead financially when the popularity and feasibility curves of alternative energy finally peak. If these companies can continue to pull record quarterly profits off of the black stuff though, it makes complete sense why they'd drag their heels to spend their own money developing stuff like this.