The Hydrogen Economy: Point-counterpoint
On the one hand, Jon Hykawy (the Director of Technology Research at Fraser Mackenzie, a Canadian investment bank) argues that "hydrogen is too expensive to become a useful fuel in our modern world". He even goes so far as to make a strongly-implied suggestion that government funding for hydrogen-focused technologies be directed elsewhere.
This was followed a week later by a response from Dennis Campbell, the CEO of Ballard Power, who shoots back that "investing in hydrogen and fuel cell commercialization is a 'no brainer'..." (note: opens a PDF from the Ballard website).
For those interested in the ongoing debate about the hydrogen economy and hydrogen-fueled fuel cells, these two short opinion pieces are a great resource, simply and clearly laying out the arguments that both sides of the debate tend to use.
...It's also interesting to take note of a couple of sub-plots. First of all, as a research analyst with Fraser Mackenzie, Hykawy covers Ballard. Here's a pdf of one of his recent research reports. Ouch. Secondly, while assailing PEM fuel cells as having a long way to go before broad commercialization, and PEM-based companies like Ballard for not having strong financial returns (a criterion he cites for government funding), it's interesting to see that Hykawy seems to feel just as strongly -- but in this case, positively -- about solid oxide fuel cell companies (see here a pdf of one of his recent research reports on Fuel Cell Technologies... interested readers might want to dig into his economic analysis, it's enlightening).