Some countries are investing in "The Third Industrial Revolution" : http://en.wikipedia.org/wiki/The_Third_Industrial_Revolution
The European Union is going in big time with this ill-fated green energy strategy. LENR will not be welcome by these power centers to say the least. On Sat, Jan 7, 2012 at 12:04 PM, Jed Rothwell <[email protected]> wrote: > OrionWorks - Steven Vincent Johnson <[email protected]> wrote: > > >> [Personal comment: Obviously, if Rossi & related competition claims pan >> out in the near future, that would initiate a sustained and permanent drop >> in global oil prices, despite rising world demand. Granted, It may not >> happen immediately, but perhaps within 5 – 10 years . . . >> > > I have discussed this with some economists, including an old friend who is > a professor. They say that the cost of a commodity such as oil is mainly a > reflection of future expected supply and demand. They say that if it > becomes generally known that cold fusion is real, and everyone agrees it is > real and likely to become a practical source of energy, this will trigger > an immediate and very large decline in the cost of oil and other fossil > fuels. Assuming cold fusion is successfully commercialized, this decline > will be permanent. The price will not recover, even if it takes 10 or 20 > years for cold fusion to replace most fossil fuel consumption. The time it > takes cold fusion to replace the fuel does not affect the price decline > much because there is plenty of oil presently accounted for and ready to be > extracted. If an oil producer knows that in 20 years there will be no > market for oil, it will sell its present supply of oil as soon as possible, > even at a drastically lower price. Getting some money for your inventory > now is better than getting no money in the future. It is like having a > warehouse full of obsolete laptop computers. They lose a few percent in > value every week. You sell them now, or never. > > When everyone accepts cold fusion is real this will also immediately > bankrupt wind turbine manufacturers, the solar cell industry, and all other > alternative sources of energy that are not yet economically competitive > with coal and oil. It may not kill off ethanol immediately because that is > not a source of energy. It is an energy sink. It is a political plum. It is > a method of ripping off consumers and wasting millions of barrels of fossil > fuel to enrich big agriculture and OPEC. > > Because the Fukushima disaster, cold fusion cause the quick demise of > conventional nuclear power, and ITER, obviously. Conventional nuclear power > is a dead duck in Japan no matter what happens. I do not think they will > ever build another reactor there. With one major accident, it went from > being the cheapest source of energy to the most expensive. It may bankrupt > TEPCO which is one of the largest power companies on earth. > > - Jed > >
