I dont exactly know what to make of this
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We watched a movie in IED about this. The main engineer that invented this found out a way to convert H20 into H00 gas and made a welder that won't burn you, yet will effectivley cut through steel and other metals. He used the same gas and applied the same thing to his car. I'll try and find the video, its pretty amazing.
It wont eat up our water. The water will either return to the atmosphere or run off into lakes and eventually make it to the ocean again...basic water cycle. Unless water is launched into space...then we won't run out.