A post on cnet has my attention:
Source: http://news.cnet.com/8618-17938_105-57562092.html?assetTypeId=12&messageId=13475180
Intriguing link: www.lenrproof.com
I dare to quote much of the post linked above, and ask for proof that all of this is really happening. If it is, then the LENR transition has clearly begun.
The fact that oil companies like BP, Shell, Exon, and a host of others are all selling off their oil fields around the world, that Petrobas who spent a decade to aquire the controling interest in a texas oil refinery, now are desperate to sell it at a loss.
The fact that Nuclear power plant owners are cancelling their big investment projects, and preparing to close their plants. *
The fact that Siemans have have droped all their Nuclear Power plants and attached industries* as well as all of their green power industries where they were a world leader, including a multi billion dollar project to place their solar cell technology in the Sahara to provide electricity to Europe that they just cancelled like it was nothing despite millions already invested; and that they then went and bought a small heat and power plant company in Italy originally worth a few million but they bought it for 1.5 billion.
All point to one fact: The world is about to change.
* Could be explained by an anti-fission sentiment because of Fukushima.
January 8, 2013 at 3:45 pm |
Well, all this needs as much confirmation as a HotCat, and doing so will be a lot more difficult than just showing off a HotCat in the asphalt paved parking lot of a Home Depot with free access to ammeters. If this is true, then whoever said it was true would have the paperwork, links, bills of ownership, etc., etc. to prove it. Are these proofs available?
January 8, 2013 at 3:53 pm |
I commented there with my other handle and said, “Prove it or shut the f**k up.” And I stand by that.
January 9, 2013 at 3:00 am |
I replied in the original article but here is the same reply with additions.
With regard to Siemans they started to get out of Nuclear when Rossi made the original anouncment of the E-Cat back in September of 2011
http://www.bbc.co.uk/news/business-14963575
but the also left the Green Energy Market at the same time:
http://www.bloomberg.com/news/2012-10-22/siemens-exits-solar-business-in-setback-for-green-portfolio-push.html
This despite Green Energy providing a healthy 33Billion to their balance sheet this year.
They did spend a billion and half on buying a small Italian Combined Heat and Power plant company.
Many energy companies are selling their energy energy assets and pursuing a leasing poilicy on those assets, where they sell the asset to a dupe with the dupe thinking they will get back their money in 10 years, and where the original owners rent the use of the asset for a pre fixed price and period which will be until LENR takes over.
Eon have are also leaving the Nuclear market
http://www.bloomberg.com/news/2012-10-24/eon-to-withdraw-from-finnish-fennovoima-nuclear-reactor-project.html
n-Power are joining E-On in the rush to divest
http://www.telegraph.co.uk/earth/energy/nuclearpower/9173253/UK-energy-plans-in-tatters-after-Npower-and-E.-ON-nuclear-plant-withdrawal.html
STMicroelectronics have left the Mobile phone industry and to make electronics for combined heat and power units which apparently about to take off:
http://www.st.com/internet/com/press_release/c2701.jsp
I could literally fill this post with links, it is well known in the Oil industry that the major players are on a divestment and diversification strategy. Many are giving various excuses, but when you check them they do not pan out. We are shifting to US based fields is a common one, but when you look they have bought options to consider buying or leases rather than the asset.
That is key no buying only renting. You rent assets when the asset value is about to take a hit.
Shell has been on a massive divestment strategy on its oil field assets, from Africa to the Far East for the last 12 months, or since Rossi did his first demonstration this time last year.
http://www.hydrocarbons-technology.com/news/newsshell-divests-stake-nigerian-oil-asset
Other Fossil Fuel companies on a divestment strategy are BP who are selling their stakes in fields in the North Sea, Russia, the Arctic and the Gulf to name but a few and not even batting an eyelid about being refused license to buy future assets in the Gulf.
http://www.bbc.co.uk/news/business-20527045
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7081129
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7080956
http://indrus.in/articles/2012/11/29/rosneft_and_bp_to_develop_new_arctic_oil_fields_19411.html
Connoco
http://www.nasdaq.com/article/conocophillips-to-sell-5-bln-stake-off-kazakhstan-to-incur-400-mln-q4-charge-20121126-00448
Exxon
http://www.foxnews.com/world/2012/11/09/iraqi-official-says-exxon-mobil-is-trying-to-sell-stake-in-major-oil-field-by/
http://www.newsystocks.com/News/4108444/Weak-Demand-Outlook-Forces-Exxon-Mobil–XOM–to-Sell-Its-Japanese-Unit
http://www.reuters.com/article/2012/11/07/us-iraq-exxon-idUSBRE8A60Y420121107
Even the pipeline parts and refinery companies are joining the rush to divest the fossil fuel business.
http://dcnonl.com/nw/32627/cb
http://online.wsj.com/article/SB10001424127887323830404578145611979409082.html?mod=googlenews_wsj
Do a Google search for any oil company and the phrase “Oil field” and the words divest or sell.
http://www.digitaljournal.com/pr/536428
Some are trying to cover their strategy and the risk by divesting half of the asset others are just cashing in their chips.
http://in.reuters.com/article/2010/03/25/us-conoco-lukoil-idINTRE62N43M20100325
This year has been an Oil Field Night of the Long Knives as all the major players have been dumping these soon to be seriously downgraded assets.
The price per barrel dropped 20+ dollars since May.
I expect the real drop to be when the 60 day and 30 Day options on the price per barrel get shorted when the Rossi announcement is about to be made. I expect the price per barrel will drop below 70. Then it will resurge as people realise LENR will not happen overnight. Then Oil and other fossil fuels will go into a long decline with investors on a business decline strategy making money out of the asset stripping and running the oil fields into the ground. Natural Gas will be the longest lived of the Fossil Fuel assets.
Coal might die out out in as little a year and a half as converting coal power plants to use Rossi’s Hot Cat or other LENR tech will be very easy. Oil will be next. Converting all power plants could take a 5 to 7 years but the fact that President Obama changed the Law to allow Combined Heat and Power means that many plants will end up being scrapped before they can convert, as faster cheaper more nimble competitors will create power plants on customers door steps, that provide power at a tenth but theoretically at up to one thousandth of the cost.
Buckle in people it is about to get real bumpy!
January 18, 2013 at 4:33 pm
walker, that is an impressive collection of data. I suggest the following. Make a timeline. Also, include a stat indicating the ratio of the divested asset divided by the total assets of the company. And if possible, include as part of the timeline time well before Rossi and LENR showed itself, like starting in 2005. These divestments could just be their normal business. As a timeline, you could even make it into a graph, showing the size of the divestments.
January 8, 2013 at 3:53 pm |
There is a lot of pointers to LENR being real, but commercial use seems far off, unless Rossi or Defkalion actual come forward with a working system. I think it will happen but on a longer time line than many of us initially thought.
To think that the oil world would fold over small evidence of the reality of the LENR just doesn’t seem like reality to me. I would look to other forces being more probable for such events.
I’m a LENR enthusiast, but this doesn’t see probable. Then again, I’m not an insider knowing what is real.
January 8, 2013 at 4:00 pm |
Well, here’s report that Siemens is abandoning nukes but I think the decision was due to the Fukushima tsunami.
Fukashima tsunami
January 8, 2013 at 4:05 pm |
January 8, 2013 at 4:10 pm |
January 8, 2013 at 4:29 pm
I rest my case.
January 8, 2013 at 4:18 pm |
January 8, 2013 at 4:30 pm
Well, Iggy, you have done a great job blowing this rumor out of the water. Thank you.
January 9, 2013 at 11:20 am
Isn’t Siemens still heavily into wind power?
January 8, 2013 at 4:28 pm |
I was under the impression that the German government has said “kaput” to nuclear power after the tsunami, which is clearly group-think by the liberals.
January 9, 2013 at 5:23 am
I refer you to the subsequent posts I made with evidential links to news items showing the current strategies of the Oil Giants to Sell the asset then lease (rent) rather than own each is with options to continue to lease untill they do not want to. In other words they have externalised the risk to those who now own the asset while ensuring they can still have use of the asset until LENR takes over the market.
I also refer you to that fact the Siemans did not just get out of Nuclear but also out of Green, where they were market leader and where it was 33 billion on their balance sheet and that they took a quater of a billion dollar loss doing it. Rather deft I think as they have been spending Billions on buying up CHP companies round the world since then.
January 8, 2013 at 4:23 pm |
January 8, 2013 at 4:31 pm |
Oh, Iggy, you are so precious. Please live for hundreds of years.
January 8, 2013 at 4:43 pm
I expect Exxon is uncomfortably aware of LENR’s hoofbeats. I doubt they’re too concerned over loss of the auto fuel biz but I bet they’re sweating bullets over LENR’s threat to nat-gas. Exxon is the USA’s largest owner of nat-gas reserves.
January 8, 2013 at 8:37 pm
You are the man, Iggy.
I have been friends with a very large oil company chemical engineer and an executive. So I speak with a perspective with a little reality.
They don’t squat about the reality of LENR. There is too many doubting people between them and Rossi and other LENR people, including themselves. Give it some more vastly more convincing evidence before the reality can get past the doubts and the doubters. They are busy men (or women); they don’t have a lot of time to spend getting past the doubts and skepticism.
January 8, 2013 at 4:50 pm
Exxon is the most vertically integrated oil company. While they eventually stand to lose most of their fuel business, they will always be a big player in chemical biz. The pure play chemical companies will enjoy windfall profits when oil & gas prices collapse. Chemical and plastic production is already back-sourcing to America because of our cheap nat-gas.
January 9, 2013 at 1:55 am |
In my opinion as shown in:
http://egooutpeters.blogspot.ro/2013/01/lenr-outlook-2013.html
it is necessary to distinguish clearly between LENR and LENR+,
excess heat is less than an enrgy source.
Rossi and Defkalion are playing in a separate league. A new mechanism of genesis of the active sites at an elevated temporal
density is at play.
Peter
January 9, 2013 at 6:34 am |
Yes, I would say Celani’s experiment is proof of concept, while apparently Rossi, Defkalion, and Brillouin have scalable LENR.
January 9, 2013 at 4:07 am |
Here is an addtional link on Siemans pulling out of green energy even though it is costing them money:
http://www.pv-magazine.com/news/details/beitrag/solar-exit-costs-siemens-250-million_100009081/#axzz2HTkeMShr
People in the energy industry have begun to question what is goin on but unless they are following the LENR industry advances they are out of the loop.
Basically we are looking at a bunch of town stable owners the day before Mr Benz drove the first car.
January 9, 2013 at 6:36 am |
I wonder if Siemens is still in wind?
January 9, 2013 at 7:14 am |
Exit from solar, at least PVs, would make sense with the Chinese making them cheaper than anyone else. They can get the materials so much more cheaply, with less regulatory hassles (yet) of preserving the environment. It would make sense, though, to retain some capability – standard business techniques are to corner the market by driving the price low until everyone else has gone away, then raise the prices and make a killing. It takes a long-term strategy to achieve this.
Making oil, solar and wind redundant by adding new energy sources such as LENR and other “exotic energy” is going to take a long time to roll out. The starting-gun on that hasn’t yet been fired, so there are still a lot of profits to be made on the older energy sources. I’d reckon that the shale-oil and gas are probably a better reason to shift focus for the big businesses – they’re verified, almost here now and the logistics are well-known. It just takes a bit of regulatory approvals to be started big-time, and I’d suspect that the oil-giants can afford the necessary costs of getting the laws changed.
January 9, 2013 at 8:00 am
Gas fracking is already happen in my neighborhood, literally.
January 9, 2013 at 10:18 am |
With regard to the companies who are getting into the CHP market Siemans and GE are the big players entering the market since President Obama made the Legal changes to encourage it by an Executive order in August as Rossi was testing the Hot Cat.
http://www.forbes.com/sites/williampentland/2012/12/28/ge-targets-high-growth-power-equipment-market-with-packaged-solutions/
Siemans told the UK governement to get in line too http://www.cospp.com/articles/2012/12/siemens-backed-report-urges-uk-to-promote-cogeneration.html
Siemans have been quietly buying up CHP manufacturing companies left right and center. A properly targeted Google search string reveals this.
January 9, 2013 at 11:15 am |
Do you have any links that report that major oil companies are selling their reserves?
January 9, 2013 at 2:27 pm
I posted a reply with those links to
Roger Bird Says:
January 8, 2013 at 3:53 pm | Reply
I commented there with my other handle and said, “Prove it or shut the f**k up.” And I stand by that.
walker Says: Your comment is awaiting moderation.
January 9, 2013 at 3:00 am | Reply…
It is very long with many links in it to each of the companies I mentioned strategies. I am guessing that is why it is taking time to be moderated. As well as explanations and some commewnts on the links.
If it does not get through I will post them piecemeal. You can also go to the Original post in CNET and I posted many of them in there too.
Kind Regards walker
January 9, 2013 at 4:28 pm
I replied in the original article but here is the same reply with additions.
With regard to Siemans they started to get out of Nuclear when Rossi made the original anouncment of the E-Cat back in September of 2011
http://www.bbc.co.uk/news/business-14963575
but the also left the Green Energy Market at the same time:
http://www.bloomberg.com/news/2012-10-22/siemens-exits-solar-business-in-setback-for-green-portfolio-push.html
This despite Green Energy providing a healthy 33Billion to their balance sheet this year.
They did spend a billion and half on buying a small Italian Combined Heat and Power plant company.
Many energy companies are selling their energy energy assets and pursuing a leasing poilicy on those assets, where they sell the asset to a dupe with the dupe thinking they will get back their money in 10 years, and where the original owners rent the use of the asset for a pre fixed price and period which will be until LENR takes over.
Eon have are also leaving the Nuclear market
http://www.bloomberg.com/news/2012-10-24/eon-to-withdraw-from-finnish-fennovoima-nuclear-reactor-project.html
n-Power are joining E-On in the rush to divest
http://www.telegraph.co.uk/earth/energy/nuclearpower/9173253/UK-energy-plans-in-tatters-after-Npower-and-E.-ON-nuclear-plant-withdrawal.html
STMicroelectronics have left the Mobile phone industry and to make electronics for combined heat and power units which apparently about to take off:
http://www.st.com/internet/com/press_release/c2701.jsp
I could literally fill this post with links, it is well known in the Oil industry that the major players are on a divestment and diversification strategy. Many are giving various excuses, but when you check them they do not pan out. We are shifting to US based fields is a common one, but when you look they have bought options to consider buying or leases rather than the asset.
That is key no buying only renting. You rent assets when the asset value is about to take a hit.
Shell has been on a massive divestment strategy on its oil field assets, from Africa to the Far East for the last 12 months, or since Rossi did his first demonstration this time last year.
http://www.hydrocarbons-technology.com/news/newsshell-divests-stake-nigerian-oil-asset
Other Fossil Fuel companies on a divestment strategy are BP who are selling their stakes in fields in the North Sea, Russia, the Arctic and the Gulf to name but a few and not even batting an eyelid about being refused license to buy future assets in the Gulf.
http://www.bbc.co.uk/news/business-20527045
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7081129
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7080956
http://indrus.in/articles/2012/11/29/rosneft_and_bp_to_develop_new_arctic_oil_fields_19411.html
Connoco
http://www.nasdaq.com/article/conocophillips-to-sell-5-bln-stake-off-kazakhstan-to-incur-400-mln-q4-charge-20121126-00448
Exxon
http://www.foxnews.com/world/2012/11/09/iraqi-official-says-exxon-mobil-is-trying-to-sell-stake-in-major-oil-field-by/
http://www.newsystocks.com/News/4108444/Weak-Demand-Outlook-Forces-Exxon-Mobil–XOM–to-Sell-Its-Japanese-Unit
http://www.reuters.com/article/2012/11/07/us-iraq-exxon-idUSBRE8A60Y420121107
Even the pipeline parts and refinery companies are joining the rush to divest the fossil fuel business.
http://dcnonl.com/nw/32627/cb
http://online.wsj.com/article/SB10001424127887323830404578145611979409082.html?mod=googlenews_wsj
Do a Google search for any oil company and the phrase “Oil field” and the words divest or sell.
http://www.digitaljournal.com/pr/536428
Some are trying to cover their strategy and the risk by divesting half of the asset others are just cashing in their chips.
http://in.reuters.com/article/2010/03/25/us-conoco-lukoil-idINTRE62N43M20100325
This year has been an Oil Field Night of the Long Knives as all the major players have been dumping these soon to be seriously downgraded assets.
The price per barrel dropped 20+ dollars since May.
I expect the real drop to be when the 60 day and 30 Day options on the price per barrel get shorted when the Rossi announcement is about to be made. I expect the price per barrel will drop below 70. Then it will resurge as people realise LENR will not happen overnight. Then Oil and other fossil fuels will go into a long decline with investors on a business decline strategy making money out of the asset stripping and running the oil fields into the ground. Natural Gas will be the longest lived of the Fossil Fuel assets.
Coal might die out out in as little a year and a half as converting coal power plants to use Rossi’s Hot Cat or other LENR tech will be very easy. Oil will be next. Converting all power plants could take a 5 to 7 years but the fact that President Obama changed the Law to allow Combined Heat and Power means that many plants will end up being scrapped before they can convert, as faster cheaper more nimble competitors will create power plants on customers door steps, that provide power at a tenth but theoretically at up to one thousandth of the cost.
Buckle in people it is about to get real bumpy!
January 9, 2013 at 12:48 pm |
What is CHP? California Highway Patrol? Colorado Health Program?
I love nickelpower.org.
January 9, 2013 at 4:27 pm
CHP Stands for Combined Heat and Power.
Kind Regards walker
January 9, 2013 at 4:41 pm
walker, I thank you for your kindness after I blew up at you. Please forgive me.
However, have you given us links to the proof of your claims? I could easily have missed it. Iggy, though, did give us links countering your claims. I think that it is a mistake to jump on the wagon of belief in this claim just because we wish it were so. However, I confess that if it is so, this would be extremely powerful social/soft evidence.
January 10, 2013 at 1:22 am
Hello all
Hi Roger Bird
I did try to post the supporting evidense here twice but they keep being held in the Moderation system, I am guessing because the post is so long and full of so many exteral links however you can get most of the links I posted here in my additional posts to CNET on the subject. It is in reverse order so currently third post down at this link:
http://www.cnet.com/8705-4_1-0.html?username=walkerig1
as well as here:
http://coldfusionnow.org/is-it-finally-happening-supporting-evidence-for-a-big-shift-in-the-energy-market-caused-by-lenr/
Kind Regards walker
January 9, 2013 at 4:55 pm |
I think Siemens actions may be transitioning to the LENR age
but I’m less convinced about BigOil, but I hope you are correct.
January 9, 2013 at 9:14 pm |
LENR is a fact.My Vehicle has completed 40000KM in 8 months period.The vehicle Toyota Land Cruiser Prado makes its own fuel on board.
January 9, 2013 at 9:53 pm |
Dr Abbasi, where can I buy your device?
January 10, 2013 at 8:16 am |
I think that we are going to need more than just your word about it.
January 9, 2013 at 9:59 pm |
Shell and Chevron must be pretty stupid to be paying big bucks for gas and oil reserves (if they believe LENR is imminent).
January 10, 2013 at 1:58 am |
Hi all
In Reply to Iggy Dalrymple and in rebuttal to post realisation arguments that Oil company divestment in Oil Fields round the world is happening, but that there is an alternative explanation to LENR I present the following argument.
1: The amounts that Shell and others are buying in the US do not cover what they have sold elsewhere in the world, and most of it is not buying it is Renting on Lease or Options.
2: The fracking argument does no hold water. You do not drive cars on Natural Gas. Converting them too natural gas would need a massive infrastructure change as well as converting cars.
3: Further on fracking the amount of reserves provided is only expected to be 40% of US requirements.
4: These oil companies are multi national they are not just selling to the US market. The US market argument does not hold water for supplying the Europe or Japan, are people really saying that these multinationals are pulling out of everywhere but the American market? I think the vernacular is Get Real!
5: As I many others keep pointing out. LENR will not take over the market overnight. It will take many years. It does however mean the asset value of Oil Fields take a hit! This because the Oil fields were originally assets that lasted several decades, to be steadily milked for all they were worth. Now they have perhaps a decade at most left. So they are about to loose a third to a half of their long term value.
Oil Fields were an appreciating asset, because because we have passed Peak Oil hence Oil Prices per barrel were rising. This meant that oil fields were run conservatively so as to squeeze every last drop out of them. That is until last year when the full implication of Rossi’s September 2011 announcement and demonstration took place. Shell Jumped back in September others followed and by May it was having an effect on the market as the price per barrel started to drop.
So In conclusion I would argue that any buying or leasing in the US is small and that it is sufficient to cover the changeover period as the US shifts to LENR.
Kind Regards walker
January 10, 2013 at 8:29 am
Leasing of mineral rights is nothing new. With a wasting asset, a lease is as good as fee simple ownership.
Western companies have been divesting from unstable nations because they’re worried about nationalization of their assets. Iraq (except for Kurdistan) is reverting back to the “Axis of Evil”. No one trusts Russia. Exxon is doing a lot of work in Russia but I’m sure keeping Putin on a tight leash.
Natural gas and coal will be impacted much more quickly and severely by LENR than oil, so why is Shell & Chevron buying a predominately gas asset?
January 10, 2013 at 1:05 pm |
Hi all
In reply to Iggy Dalrymple
I respectfully disagree. Replacing Coal or Oil in a thermal power station with Hot Cat Barrels as the heat source is relatively easy in fact that is also what Brillion’s system want to do. Coal takes longer to start up.
A Gas turbine power plant is a whole different kettle of fish to replace and they are fast to start up and deal with peak load.
Natural Gas is also used in home heating and cooking is far cheaper than oil, replacing it requires change of household appliances. Houses with Oil or Coal Fired cookers are rare perhaps one in fifty.
The key fact is that LENR will take some time to take over it will not be instant. It will be an evolution not a revolution, even Rossi understands this now. BUT the effect on the asset value of long term oil fields that were expected to be the providers of power for 30 to 50 decades will be instantaneous on the Rossi anouncement. They will loose their value based on original expected life span minus life span after the LENR anouncement.
That is the very reason that Oil Companies have sold their Oil Field assets and are getting into Gas and are now leasing oil fields in the US.
Oh By the way the Oil Companies will get back into owning oil fields after the Asset value has been dropped! That is after all where they have experience. This is all about the Oil Companies letting some dupe who has not got their ear to the ground take the hit for them. Caveat Emptor. It will be presented as supporting the economy and jobs in the third world or some such drivel along with can we have a tax write off for doing it, but what it will be about is asset stripping and managed decline.
January 10, 2013 at 2:05 pm
Walker – It’s really good to have someone who respectfully disagrees. Welcome!
The more people that go find data and try to make sense of it, the better picture all of us will have. I’m somewhat technical – following where the money goes is difficult for me. At the moment as well, deciding who is at what point on getting some new energy onto the market is somewhat difficult too – progress is somewhat obfuscated.
Maybe a useful warning to everyone wanting to invest is to look at why someone else wants to sell.
January 10, 2013 at 2:40 pm
Too bad we can’t also find a disbeliever who is polite. We used to have a couple. Craig Binns was polite, other than the fact that he was frustratingly stubborn about not looking at the data. There was another dude whose name escapes me who was even a nuclear physicist or something along that line, and he was very polite.
January 10, 2013 at 3:51 pm
Walker, no one disputes the advantage that cheap natgas has over coal. The reason that I think natgas will be most impacted by LENR is because cheap natgas is presently in the catbird seat. Oil isn’t a factor in electric generation. Rossi has repeatedly said that LENR powered autos are far down the development road. So initially, LENR will be used for replacing natgas and coal in power generation and in heating.
Oil prices will be impacted when the LENR cat is out of the bag but it will probably be an overreaction.
January 11, 2013 at 8:05 am
Hi all
On the matter of Oil, the key hit that the value of oil field assets will experience is the long term loss of its use in the energy market.
Oil is still a lubricant, though biomass sources as well coal and Natural Gas are making inroads into this market too and if energy becomes too cheap to meter as a result of LENR that replacement wil take place at an accelerating rate.
Oil is also still a precursor for making plastics and the chemical industry, these to will experience massive increases in market entrants with low energy cost substitutes taking much of oils market share here too.
The other major industry in chemicals that of fertilizers and pesticides is a dead man walking. Do not buy Monsanto shares. With abundant energy you can replace all your pesticides with steam. 100% organic and with zero chemical residues. It does not even need testing it has been used for centurys already but the main thing is that most farming will become vertical farms like this one in Singapore.
http://www.npr.org/blogs/thesalt/2012/11/06/164428031/sky-high-vegetables-vertical-farming-sprouts-in-singapore
In Citys round the world your Supermarket chains will simply dig a giant concrete lined pit below them selves:
Near Zero Land costs, they already own it.
100% Organic Produce.
Giant vertical conveyer belts under LENR powered lights
Exess heat used to warm local houses as a freebe to keep the neighbours sweet.
Near Zero transport cost
Altering lighting to ensure crops are ripe as they return to the top of the conveyer belt.
Crop, steam clean and replant at the top grow on the way down and up.
Kind Regards walker
January 11, 2013 at 11:12 am
walker, I guarentee that there will still be people who will prefer natually grown produce to those products of that unnatural system that you envision. I know because I already am one. No light known to man can impart prana/chi/life force as the Sun does. But unfortunately, there are still people around whose intuitions are still buried.
January 11, 2013 at 1:45 pm
Welcome, Walker.
Its nice to have another thoughtful blogger on this site.
A couple of days ago I chatted with my brother about the pace that LENR will come to market. He agrees with you that it will arrive gradually.
He recalls an interesting anecdote: Thirty years ago when he got married, he convinced his wife that they didn’t need a good new tv because high def was coming. He expected that his low def tv would be obsolete in just a couple of years. Well, though he now has a high def tv, most of the broadcasting is still low def. Go figure.
I contrast that, however, with the sweep that digital photography has taken. About 20 years ago a professor discussed his state of the art, sub 1 meg, digital camera with me. Ten years later this technology had all but swept film photography out of business.
You offer a very interesting point when you discuss the slow startup time of Rossi’s technology. This slow startup time surely limits the scope of the technology’s usefulness.
However, Defkalion claims that their version of the technology is extremely dynamic and controllable. If you look at what Rossi was claiming only a year ago compared to what he is claiming now, this too is enormously different. A year ago he was still talking about 100c, where he is now claiming 1000c. His 1 meg reactor filled a small shipping container, where now he could put a couple of reactors into a 50 gallon drum. Rossi is now even talking about direct emf from his reactor.
I therefore think its a mistake to extrapolate the usefulness of the technology as it currently sits. One must expect that the technology will improve in most every area: power to size ratio, speed of reaction control, per unit price etc.
How fast will it grow? Interesting question. What technologies will be supplanted first? Another very important question.
Am I prepared to invest into projects such as oil refineries, pipelines, hydroelectric dams and wind farms that have a 50 year payback? Nope. Will others? At what point with the world decide to bail out of investing in these technologies? Well, those are interesting questions too.
I wish I had a whole lot more answers, but I mostly just have questions — and conjectures.
January 11, 2013 at 5:57 pm
If course, Bruce, you want the pace that LENR comes to market to be Fast. (:->)
January 11, 2013 at 6:04 pm
Of course, if the statements made by Rossi and Defkalion prove to be bogus, then understand that the hot air also has to sound better as time goes on. At some point the accounts will either be beyond belief (which for many people they already are), or else they will demonstrate their machines or even sell them at Home Depot. It will be interesting to see what happens first.
Part of me is so freaking excited about this, but that part of me has to keep quiet and sit tight and wait for confirmation.
January 11, 2013 at 8:58 pm
Due to the apparent simplicity of LENR reactors, the roll-out could be quite fast. However, industry frequently parcels out its goodies, trying to milk every ounce of profit. The only fly in that ointment is, no company will likely have a monopoly on the technology. If there is competition, the roll-out could be lightning fast. Rossi’s partner will likely try to focus all its early efforts into satisfying the demands of the utility industry. If Defkalion or Brillouin offers a home unit or kit, it’ll be “Katie bar the door”. There are too many independent power producer/wholesalers to allow utilities to wait until their old coal & gas units wear out…..besides most will likely be adaptable to LENR retrofits.
January 12, 2013 at 10:02 am
Mightn’t those conventional energy power plants make great industrial building. The turbines might make really cool rooms for someone’s home.
January 18, 2013 at 4:31 pm
Walker, please email me at IggyDalrymple@gmail.com
I appreciate your research in the activity of prime suspect companies.
I want to share some info I’ve found but I rather not go public on the company at this time.
January 11, 2013 at 12:10 pm |
Pretty optimistic interview:
January 11, 2013 at 1:10 pm |
Although this is very hopeful and exciting, it is still hot air, although I thank Defkalion for not inflicting a constant stream of hot air on us like Rossi does.
January 11, 2013 at 1:12 pm |
Iggy – seems like finally good news from Defkalion. Maybe this time they really have fixed the problems. No news of COP though in that interview, so we don’t yet know how much they’ll cost to run.
January 22, 2013 at 3:19 pm |
Maybe this article can put a different slant on things. Why in Gods name would Obama allow china to start taking over our oil and gas.
http://www.blacklistednews.com/Why_Is_The_Obama_Administration_Allowing_China_To_Buy_Up_U.S._Oil_And_Gas_Deposits%3F/19460/0/38/38/Y/M.html
January 22, 2013 at 5:00 pm |
Remember that those “progressives” don’t believe in nationalism. We are all the same, remember. So there is no big surprise here, just more disappointment that the lamestream media would have selected such a moron.
January 22, 2013 at 5:10 pm |
Obviously there’s two sides to this. LENR would motivate the US to sell oil fields to the Chinese suckers. However, if the Chinese government believes that LENR is upon us, they wouldn’t be interested in making the purchase.
China holds a major portion of US debt. China has been moving away from the US $ as the reserve currency. If China abandons the US, the US economy is sunk. Ergo, China may have some very powerful negotiating tools to get their way with US investing.
January 22, 2013 at 9:18 pm
January 22, 2013 at 9:36 pm
Iggy, if I understand my prime minister correctly, he is working very hard to break Canada’s dependence on the US. I believe he is doing so because he is pessimistic about the US debt situation. I think that this transaction is part of that push.
January 22, 2013 at 8:44 pm |
I agree with your conclusion Bruce, but the troubling part of the whole equation is that its private companies selling off their prized holdings. Are these companies being forced by government arm twisting, if that is happening its game over.
January 23, 2013 at 9:19 pm |
Something new may be “Blowin’ in the Wind”.
January 23, 2013 at 10:05 pm |
Iggy, a most interesting find. As a stand alone business movement it wouldn’t mean much, but combined with the other things it sure makes the puzzle pieces look a bit different. Good find.
January 24, 2013 at 8:09 pm |
WOW! via vortex
January 25, 2013 at 1:24 am |
Iggy – If I read Jack’s posts, I need a bit of salt (a lot of it). It’s difficult to read, and even harder to believe. Keshe makes more sense….
January 29, 2013 at 11:26 am |
Ah it appears the penny has dropped in Russia.
With the sudden realisation they have been left holding the bag.
http://en.ria.ru/business/20130129/179108381.html
Ditto Nigeria
http://www.businessdayonline.com/NG/index.php/oil/50522-79-per-barrel-oil-price-may-pose-risk-to-inflation-objectives-sanusi
The realisation that Oil could now drop below $70 and they will go bankrupt.
Why did these countries not ask why the big oil companies were selling them their oil back at cut prices. Did they really think the Total oil reserves of the US which do not amount to 1% of the world reserves could cover the drop in supply? Did they get fooled by the by the Shale Gas hype? Could they not work out that you cannot convert the worlds cars to Natural Gas overnight and the US supply was only 40% of its own Requirements?
It appears the Short selling has already started and the Saudis are artificially supporting the current price, apparently they also are not aware of what is about to happen.
January 29, 2013 at 2:21 pm |
Actually, converting to natural gas is not that difficult, probably less than $2,000 per car. They may try for that long before they realize that that won’t help any either.
And your 1% figure sounds like leftist propaganda. The USA has massive oil reserves, and “oil reserves” is a bogus figure. That is only what has been proven and ready to go. There is plenty of oil in the USA, we just don’t bother looking for it because oil companies know that the government will interfere.
January 29, 2013 at 5:03 pm
Hi all
In reply to Roger Bird On the Matter of converting cars to Natural Gas, you are skiping infrastructure changes required and ignoring the fact that according to the EIA http://www.eia.gov/naturalgas/
The total percentage of proven Shale gas reserves in US would only cover 40% of US current Natural Gas long term requirements. In other words all it does is decrease the amount imported by the US. And people are going to heat there homes and cook their food with what; when the Natural gas is being used to drive cars? By the way Cars do run better on Natural Gas and it is way cheaper than Petrol.
Kind Regards walker
January 29, 2013 at 5:41 pm
I forgot all about the “pumps”. I was just thinking about the cars because I was thinking about converting to natural gas. And a tube or vessel that can hold gasoline may not hold methane. Methane is a much smaller molecule.
It looks to me like you, Ian, knew a lot about this before you got interested in LENR, and so your ability to research and understand these issues is most excellent. I hope that you stick around. Am I right?
With Respect.
January 29, 2013 at 2:23 pm |
Ian – I am hoping that what we see is the result of fusion, but I am still skeptical, there continues to be big finds of oil around the world. Just a week or so ago there was a big find in Australia.
http://www.telegraph.co.uk/news/worldnews/australiaandthepacific/australia/9822955/Trillions-of-dollars-worth-of-oil-found-in-Australian-outback.html
North Dakota, Colorado and Wyoming continue to increase their outputs. My brother told me that just a while back oil was hit in South Dakota when a City was drilling for a new water well.
Right now the world looks awash in oil and the peak oil fears look laughable.
There is also a number of new reactor designs that look promising. Here is a link I just got from a friend listing some of the nuclear things being considered.
http://www.world-nuclear.org/info/inf33.html
I agree, something is happening in energy, I’m just not sure what.
January 29, 2013 at 4:51 pm |
Hi all
In reply Roger Bird and Bob with respect:
Most Oil that gets found turns out to use more energy to collect than it would supply. In specific reply to Roger Birds point on finding new oil fields; it happens all the time. Unproven wells are just speculation. There is in fact similar levels of speculative oil discovered across the world every year. Squirts out of the ground for a day or two and then runs dry. Requiring expensive pumping that may work only for a short while before it too runs dry and it just does not make sense to try to take it out of the ground it is just not commercially viable.
The only reason US shale Oil becomes commercially viable is if the cost of oil remains high, above $120; BUT there is much more oil round the world that can be taken out of the ground at far better profit margins, yet oil companies are selling these self same profitable fields where this more commercially viable can be and is being pumped from the ground, heck BP sold its North sea assets Brent Crude the best quality oil in the world, with decades of supply left, which are right next to the Refinerys and the European market! Supposedly to take instead Oil in the US that costs more to get out of the ground, and is more polluting and is not even a proven supply but beyond all that it just is not there in the amount needed.
The Only figures that count are Proven reserves and Proven US Reserves as of 2012 are listed for comparison here:
http://www.indexmundi.com/g/r.aspx?t=0&v=97&l=en
As you can see the USA’s proven reserves account for less than 1% of the worlds Proven Assets of commercially viable oil.
It is the whole world that Big Oil serves not just the US.
Where is China going to get its Oil? Is America going to sell it to China at less than the price of these proven reserves? I think not. If China buys up all this oil from the existing proven wells in fields Big Oil just sold, or Russia or some one else; then their economy can produce its goods more cheaply than the US on this Cheaper than US oil.
As I Point out Big Oil sold Proven reserves of commercially viable oil in fields that it owned. And the argument is that Big Oil has is going to buy expensive speculation Oil in unproven fields at least they do not appear in the USA’s figures for proven reserves up to 2012. Then the USA is going provide this to the world, to transport back to Europe and Japan and Asia etc. Where in many cases all that cheaper more economically viable oil already exists.
Such argument holds no logic or sense, these companies do not give up billions of dollars like that. And of course they have not bought any such fields they have just talked about negotialtions and options and leases, but they have sold massive amounts of oil in proven comercialy viable oil fields often at a loss.
And since they are not able to buy levels of oil as commercially viable or in anywhere near the quantity as that which they have sold; it therefor follows that something is going to affect the asset price.
The only thing that fits the bill is LENR.
Once again with respect Kind Regards walker
January 29, 2013 at 5:34 pm |
Ian – I don’t believe the numbers you presented. Oil companies always puts out very conservative numbers. Our oil reserve has gone way up, but the numbers reporting have hardly changed. Oil is reporting the same reserves they did in the 60′s in the meantime we have shipped way more than those reserves.
There are numbers that show the US reserve higher than Saudi Arabi. It all depends on who you believe.
January 29, 2013 at 5:36 pm |
Ian, your politeness is a breath of fresh air.
Despite what you say about proven vs. unproven reserves and any argument that can be made about that, what you say about the BEST oil field in the world being sold voluntarily makes a lot of sense. I remember a movie a long time ago where Peter Falk is a taxi driver and he keeps say, “Everyone has an angle. Everyone has an angle.” Every business has an angle. What is their motivation for doing these sales. I don’t think that BP is the only one. We have heard here that there are a slew of them who have sold valuable properties. What is their angle?
With Respect.
January 29, 2013 at 9:16 pm |
January 29, 2013 at 9:54 pm |
The Alberta tar sands in Canada is about the lowest grade of oil possible. It is believed in these parts that the break-even for tar sands oil is when the base price for oil is at about $70 / barrel. Its above 90, so Alberta is booming.
However, many of the oil finds have a higher marketable price. Those sources are not being brought on line right now because they are not economical.
But what happens when LENR can produce electricity at less than 1 cent per Kw/h? What happens when LENR begins to drive cars, trucks and trains. It’ll only be the cheapest oil that will in any way be marketable. It’ll be used for plastics (which will become cheaper) and lubricants.
January 29, 2013 at 9:19 pm |
Hi Ian,
Thanks for participating. You clearly have some knowledge about the oil industry.
Obviously LENR is going to follow one of two paths — either someone like Rossi is going to pop onto the scene with working technology, or this technology will creep out of the lab, and slowly develop into something remarkable.
If Rossi is right (plug my ears to hear Jetmech’s screams) and he really has a 1mw burner that’s half the size of a 50 gallon drum, then I don’t care how cheap oil or natural gas is, it won’t be able to come close to competing with LENR.
Remember, to get electricity the gas, oil, coal still has to be put through a turbine to get the electricity out. But the variable input cost with LENR is about zero, the fixed cost can’t possibly be all that high.
Trains and trucks will eat up the technology that Rossi claims. If I understand correctly, trains are mostly diesel-electric already. (Diesel engines produce electricity, the electricity drives the wheels.)
Will LENR run cars? Well, if Defkalion’s machine is real — a desktop device that outputs a sustained 45kw (about 60 hp) of heat, a source whose output power is fully dynamically controllable, well, it won’t be all that long before we get cars.
Bottom line, I don’t know when LENR will mature, but indicators are that it will be cheap enough to make all other forms of energy except very small applications (batteries) obsolete.
February 15, 2013 at 2:10 pm |
I say this is simply temporary electromagnetism (until the circuit is broken by removing the bar). What’s y’all’s take?
February 15, 2013 at 2:33 pm |
Iggy – that was on PESN at http://peswiki.com/index.php/Directory:Leedskalnin_%22Perpetual_Motion_Holder%22_%28PMH%29_Bond_Effect
We tried to tell Sterling it was standard physics, but he only believed it when he was told by a “free energy” researcher he trusted. He didn’t believe us “skeptics”.
It’s a useful thing to know about, though. I was vaguely aware of having seen it a long time back, but didn’t really think about it till nudged. Funny stuff, magnetism.
February 15, 2013 at 8:08 pm |
“Nobody knows” my foot. If they are conductive, they can hold an electromagnetic field.
February 18, 2013 at 11:03 pm |
So, it’s been about a year, and where have we gotten to?
LENR, as a scientific phenomena, can no longer be contested (it would appear). Especially with so many apparent proofs and substantiations. That’s progress, I guess, but didn’t Bruce pretty much have the same position 12 months ago? “It’s real – get used to it.” I suppose there’s a bit more solidity of results to base the theory on; at least it feels that way. So, yeah, I’d say that’s progress. Not as much as any of us had hoped for I’m sure.
I’ve been waiting, subdued, in the wings, for “Rossi Says” or the Greeks to pull a rabbit, a verifiable rabbit, or a mouse even, out of their hat (probably not a cat though, hot or cold, but a cat-in-the-hat is rather apropos no?). And still I wait. The world waits. Or does it?
I doubt very much that the largest industrial complex on the planet, the heart and soul of every nation’s economy, the pulsing core of Earth’s monoculture agrobiz behemoths – the fossil fuel industry – is very much in awe or of terror of “Next-month-Rossi” or “high-tech-Defkalion.” I’m sorry, but the causal link between LENR and ‘any’ behavior of the fossil fuel energy oligopoly (oiligopoly?) observed or deduced through the manipulation of their assets is simply implausible. Sure the world is changing, quickly, unpredictably, and the largest companies ever created are reacting to these changes. We can’t fathom why or what they have in mind – no doubt they’re planning some grand movement. Or perhaps their machinations are so opaque that to us they only look like they’re in control of their destinies. When in reality, they’re probably just as whipped sawed and clueless as the rest of us when it comes to predicting the next decade or three.
Or, here is some conspiracy thinking in the extreme but, Rossi breathes. If he, or LENR itself, were even the slightest threat to the Saudi’s Aramco, the Russian’s Gazprom, the Iranian’s or the Chinese’s hugely profitable oil monopolies – do you think they would let him continue to breathe? Let me list those first three again – Saudi’s, Russians, Iranians. If the theory holds right – Rossi, et al., is a threat to trillion dollar businesses controlled by these people. Does anyone think that anyone can threaten the Saudi’s, the Russians or the Iranians and get a way with it?
Rossi breathes, still. What does that tell you about him being a potential threat to the fossil fuel industry?
And I guess the lot of you still have your heads in the sand regarding global warming. Well, stay cool down there.
February 20, 2013 at 11:00 am |
Anony – that was a bit depressing, relative to your normal posting.
The main problem so far is that no-one has a really solid theory of why Ni-H works in the first place. That means that any experimentation is of the order of “change this parameter and see what happens” rather than directed to optimise the reaction. Experimentation thus takes a while, and until people have made it work reliably on a small scale they won’t want to scale up to kilowatts (apart from Rossi) in case the thing gets an uncontrolled reaction like F+P got with a centimetre cube of Palladium.
Research is thus down to chance – they have hunches but really it’s a bit like throwing dice. The answer could be tomorrow or could be years away.
As regards global warming, look at the absorption spectra for CO2 relative to water vapour, and look at the relative amounts in the atmosphere. CO2 is not the problem.
March 8, 2013 at 3:16 am |
Further analysis shows banks are shorting oil too.
http://oilprice.com/Finance/investing-and-trading-reports/Why-Are-the-Big-Financial-Institutions-Selling-Oil-BIG.html
March 8, 2013 at 5:11 am |
The reason US oil is close to $90 is the huge increase in US production. The US just outproduced Saudi Arabia. It will likely take more than 10 years for LENR to impact oil demand. LENR’s more immediate threat is to natural gas, nuclear, solar, and wind.
The oil industry is probably watching LENR but I think the big banks are oblivious.
March 8, 2013 at 8:13 am
I think otherwise. While it’ll take 10 years for LENR to impact oil usage, the moment LENR is a commercial product the smart money will get out of oil infrastructure development. Building pipelines like the Keystone make no sense with a product that will become obsolete soon after the pipe is laid. I personally wouldn’t invest in new oil refinery development for the same reason.
There is not sufficient oil infrastructure (nor electricity infrastructure, same issues) to cover the need for the next 20 years as LENR settles in. In the mean time oil producers will want to get rid of their inventory as they see the end of the line just down the road. The result will be a huge split between per barrel cost of oil and cost of oil at the pump. That’s my theory and I’m sticking to it.
March 8, 2013 at 5:51 am |
These dots that we are connecting may not be showing the image that we think and hope. I have trouble imagining banks being so forward thinking.
March 8, 2013 at 10:11 pm |
As we’ve discussed elsewhere in these posts, new technologies take decades, generations sometimes, to come to fruition, to eventually have serious societal impact. With this in mind we must consider the entrenched technologies that “linger on and on,” seemingly delaying adoption of the bright new technological revolution. If an NFE does eventually get discovered and turned into a viable commercial success it will be a generation, at least, before it makes an appreciable dent in humanity’s use of fossil fuels. I will mostly like be driving a petroleum based vehicle for decades to come; even if it only derives some of its energy from fossil fuels (hybrid).
Bruce has it right. It will be business as usual for decades, easily. And look at the Arctic – it WILL get drilled, eventually. And the Australian shale oil discovery will get drilled and pumped out to fuel China. And fracking will expand and swamp up with nat. gas. And the oil cartel will rake in another $100B in profit this next decade. And Keystone will get built and provide jobs and wealth down the center of the U.S. Only, I think they should build two pipelines, one for oil, and one for water, cuz Texas is gonna need it in the coming extended drought.
And LENR? I think there’s a higher probability of another Russian asteroid dropping into the middle of London or New York than LENR turning commercially viable in the next 10 years. Now such an impact would shock the hell out of the oil markets, along with every other market too.
April 24, 2013 at 4:46 am |
Hess Corpration is selilgn all their assets as well, mainly in North Sea, Azerbaijan, Texas, Russia, Indonesia and Thailand