We have already developed nuclear fusion that creates more energy than it takes to produce it ... however, with this new and far-reaching development: headlined as a 'Game Changer': we can produce liquid carbohydrate fuel (currently) for $3-$6 per gallon from seawater, vastly reducing pollution impacts in a variety ways.
That's a fair point but I was more thinking of fuel for cars. I see that it's been used on a plane so I assumed (maybe incorrectly) that the long term goal was to make a cheap, viable, alternative fuel source for all, and as I don't own a plane - or have ambitions to buy one - I was expecting it to be a good deal cheper than Unleaded or diesel. Maybe this is the answer, if produced in large quantities the price should drop, hopefully i'll be filling my car with seawater in 10 years, here's hoping.
Oil prices will inevitably rise as we pursue marginal deposits and more cost-effective fields are exhausted. Moreover, oil is far too valuable to be burning it for electrical and transportational needs, this development has the potential to replace oil and coal fired power stations with a much cleaner fuel.