...but are they going to let us have it?

Surf's up! The Navy appears to have achieved the Holy Grail of energy independence – turning seawater into fuel:

After decades of experiments, U.S. Navy scientists believe they may have solved one of the world's great challenges: how to turn seawater into fuel.

The new fuel is initially expected to cost around $3 to $6 per gallon, according to the U.S. Naval Research Laboratory, which has already flown a model aircraft on it.
Curiously, this doesn't seem to be making much of a splash (no pun intended) on the evening news. Let's repeat this: The United States Navy has figured out how to turn seawater into fuel and it will cost about the same as gasoline.
Read more here:
The U.S. Navy Just Announced The End Of Big Oil And No One Noticed