Re: Saw it in a movie thread.
If you are looking for the potentially real, then you should stick to science fiction in book form. Movies exert a pressure on science fiction to make it simpler to understand, faster and more exciting. Books have time to explain how things (might) work while films have to constantly provide interesting things for you to look at.
As far as I am aware, the consensus on terraforming is that the most effective methods would be biological (well, at least until we have self-replicating nano-bots etc). See Kim Stanley Robinson's Mars books for a good description of how Mars might be terraformed.
If you just want breathable air for a sealed colony, then with sufficient power you can crack oxygen out of rock (I would guess that we are planning to do this with the proposed NASA moon colony).
Science fiction comes in different flavours - you probably want to check out "hard" science fiction for believable future science and technology - but be warned, sacrifices are often made with characterisation and there won't be so many car/spaceship chases or explosions.