This might have been a story of how a couple of MIT scientists happened upon a breakthrough discovery in the electrolysis of water; but they didn't (and so it isn't). This might also have been a story about an informed media which correctly and skeptically reports on such scientific discoveries -- in the midst of a public relations barrage from a leading university -- but nobody really expects such journalistic vigilance anymore. Instead, this story will try to examine what (if anything) was discovered, and how this news affects the landscape of the looming energy crisis. In addition, given that a number of encouraging research reports have surfaced suggesting a seamless transition to a hydrogen economy, I will revisit the fundamental challenge posed by moving to alternate liquid fuels: getting used to the idea of diffuse energy. (Some names have been omitted to protect the less guilty).