Or perhaps I don't understand how CO2 harms the environment well.
CH4 + H2O → CO + 3H2
CO + H2O → CO2 + H2
3H2 + N2 → 2NH3
Maybe if we were all aware of this, we'd be setting up clean hydrogen to be converted into ammonia instead of just burning it in hydrogen cars.
That's a rather subtle distinction ;)
I mean, natural gas is just a natural cracking product of petroleum, which gets captured under impermeable geological formations.
Also, gasoline (C8H18) has a carbon to hydrogen ratio of approximately 0.44, compared to 0.25 for natural gas (CH4) (and natural gas has a higher specific energy), so from a carbon emissions perspective is still superior.
Additionally, natural gas in not "just a natural cracking product of petroleum." There are other significant geological sources of natural gas, and it is produced through decay of just about any organic matter.
[1] http://news.cornell.edu/stories/2001/08/ethanol-corn-faulted...
Edit: the land would be planted to wheat if not planted to corn. Wheat uses approximately 80% of the N as corn. The land wouldn't sit idle.
I'd be for it if people were talking about it as an economic effort, because that's where it can shine.