Not trying to rain on your parade, Holden.
I understand the chemistry and appreciate that there are numerous alternatives to our overall energy system, but technical feasability is rarely a catalyst for action in the US. Corporate investment is short term and maximizing return as long as possible with old technology is common place.
America does new ideas well, but doesn't develop or apply them, or transition to them well. Broadband, cell phones, high definition TV, hydrogen cars - there are numerous examples of American business unwilling to invest and consumers being a generation or 3 behind in technology.
The long term energy goal of the US is to pump everything dry, them we'll worry about what to do later. The oil companies make money at any price of oil. Pumping everything dry and creating a crisis atmosphere will relieve them of any responsibility to invest - they'll cry poor mouth to Congress and get the American taxpayer to do their investing.
Technology and cost effectiveness of it (post capital investment) takes a back seat to short term profit in most industries. Markets are not as free as people think they are. There are convoluted controls and biases that mold markets. If the cultural cool (derived from advertising) were to drive cars with over 15km/l fuel efficiency, the oil would last a lot longer and be cheaper right now.
Sorry for using metric, but my point is that if the US can't even transition to the metric system, what are the chances of a smooth transition to alternative fuels or alternative transportation means? We use too much oil. We're focused on using the same old fuels for the same old cars with same old big engines.
We don't want to look at the cure, we want to keep treating the symptoms.