Stop the dependence on oil is the rallying cry. Are there alternative, alternate fuel sources to oil?

There are. Here are 12 of them …
With the alternative fuels hype going on, the debate for a better choice between hydrogen and methanol is on and whoever would be the winner, it would benefit the mankind either ways. The ecologists have re-instated their faith in methanol based on the fact that making hydrogen commonly available as a fuel is a tough deal.

Do you methanol?
The Syngas (steamed reformed methane) that gets converted into liquid hydrocarbons is the potential substitute provided fossil fuels are not brought into use in the formation.