Chemical fuels have a great energy density. Problem is, they dump carbon into the air when you burn them (and also basic pollutants)Exactly!
> So we just need: 1) fusion or similar "lots of 'free' energy"
Utilizing geo, hydro and solar (carpeting them in inhospitable areas) and fission is enough. Fission is particularly effective, the energy yield per kg of fuel for fusion is only 4x that of fission. Between less wasteful alternate reactor designs and extracting fuel from the ocean, if we start figuring things out now, things will be fine.
> 2) a process like this to soak up that energy + CO2 + H2O and emit nice energy dense hydrocarbons
This is well studied by the US Navy and others. It's especially cost effective when drawn from the ocean. Wikiterms: 'sabatier reaction', 'power to gas', 'carbon neutral fuel'.
> then we've got a long-term energy future.
We're still going to have to act quickly, before the energy (and resources) required to initiate this industry is more than could be had with the then current reserves. A true debt. Thus squandering the selfless sacrifice made by dinosaurs many kilomillennia ago in order that we at least could bootstrap a space faring civilization.