Is all this really happening?

A post on cnet has my attention:


Intriguing link:

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.

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111 Responses to “Is all this really happening?”

  1. Roger Bird Says:

    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?

  2. Roger Bird Says:

    I commented there with my other handle and said, “Prove it or shut the f**k up.” And I stand by that.

  3. Bob Says:

    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.

  4. Iggy Dalrymple Says:

    Well, here’s report that Siemens is abandoning nukes but I think the decision was due to the Fukushima tsunami.
    Fukashima tsunami

    • Iggy Dalrymple Says:

      Siemens Abandoning Nuclear Power Business
      Published: September 18, 2011BERLIN — Siemens, the largest engineering conglomerate in Europe, announced Sunday that following the German government’s decision to phase out nuclear power by 2022, it would stop building nuclear power plants anywhere in the world.

      “The chapter for us is closed,” Peter Löscher, the chief executive of the Munich-based conglomerate, said in an interview with Der Spiegel, the weekly news magazine. He emphasized the company’s commitment to the rapidly growing renewable energy sector.

    • Iggy Dalrymple Says:

      Exxon to Spend $14 Billion on Project Off Canada’s East Coast
      Wall Street Journal ‎- 4 days ago
      ExxonMobil will spend $14 billion to develop the Hebron oil field off the shore …

    • Iggy Dalrymple Says:

      Shell expands Gulf of Mexico portfolio
      Looking to strengthen its position in the Central Gulf of Mexico, Shell was the apparent high bidder on 24 blocks during today’s US BOEM Lease Sale 216/222.
      Shell bid on a total of 35 blocks and exposed approximately $500 million. Shell was the apparent high bidder on 24 blocks, with those bids totaling approximately $406 million.

      “The Gulf of Mexico is an important region for Shell and today’s lease sale results build on the strong technical work and track record of our exploration and development teams to establish a deep and robust portfolio. In addition to our prospect inventory, we see scope for continued growth, through the Mars B – “Olympus” Development project and through potential new hub class developments at the Vito and Appomattox discoveries,” said Scott Cameron, Vice President of Deepwater Exploration, Shell Upstream Americas.

      • Roger Bird Says:

        Well, Iggy, you have done a great job blowing this rumor out of the water. Thank you.

      • Iggy Dalrymple Says:

        Walker says: “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.”

        Isn’t Siemens still heavily into wind power?

    • Roger Bird Says:

      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.

      • walker Says:

        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.

  5. Iggy Dalrymple Says:

    BP Begins Production From Skarv Field, Norway
    Release date: 02 January 2013
    BP and partners today announced the successful start of production from the Skarv field in the Norwegian Sea, one of a series of new major upstream projects that BP brought into production in 2012. Production started on 31 December, 2012.

    “The start-up of Skarv is a key operational milestone for BP, adding new production from one of our core higher-margin areas,” said Bob Dudley, BP group chief executive.

    The Skarv field is approximately 210 kilometres west of the Norwegian coast in water depths of approximately 350-450 metres. Discovered in 1998, the field has an estimated ultimate recovery of around 100 million barrels of oil and condensate and over 1.5 trillion cubic feet of rich gas.

    • Roger Bird Says:

      Oh, Iggy, you are so precious. Please live for hundreds of years.

      • Iggy Dalrymple Says:

        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.

      • Roger Bird Says:

        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.

      • Iggy Dalrymple Says:

        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.

  6. Peter Gluck Says:

    In my opinion as shown in:

    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.


    • Iggy Dalrymple Says:

      Yes, I would say Celani’s experiment is proof of concept, while apparently Rossi, Defkalion, and Brillouin have scalable LENR.

  7. walker Says:

    Here is an addtional link on Siemans pulling out of green energy even though it is costing them money:

    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.

    • Iggy Dalrymple Says:

      I wonder if Siemens is still in wind?

    • Simon Derricutt Says:

      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.

  8. walker Says:

    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.

    Siemans told the UK governement to get in line too

    Siemans have been quietly buying up CHP manufacturing companies left right and center. A properly targeted Google search string reveals this.

  9. Dr Muhammad Sarfraz Abbasi Says:

    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.

  10. Iggy Dalrymple Says:

    Shell and Chevron must be pretty stupid to be paying big bucks for gas and oil reserves (if they believe LENR is imminent).

    Chesapeake gets breathing room with $6.9 billion asset sale
    By Ernest Scheyder and Michael Erman
    Wed Sep 12, 2012 5:21pm EDT
    (Reuters) – Chesapeake Energy Corp’s $6.9 billion deal to sell gas fields and pipelines should help stabilize the troubled company for the rest of the year and give it time to figure out how it will fund 2013 operations.

    With agreements to sell most of its assets in the Permian Basin to Royal Dutch Shell Plc and Chevron Corp, as well as nearly all of its remaining infrastructure network, Chesapeake will now have to rely more heavily on a smaller number of assets to grow.

    • walker Says:

      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

      • Iggy Dalrymple Says:

        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?

    • walker Says:

      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.

      • Simon Derricutt Says:

        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.

      • Roger Bird Says:

        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.

      • Iggy Dalrymple Says:

        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.

      • walker Says:

        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.

        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

      • Roger Bird Says:

        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.

      • brucefast Says:

        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.

      • Roger Bird Says:

        If course, Bruce, you want the pace that LENR comes to market to be Fast. (:->)

      • Roger Bird Says:

        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.

      • Iggy Dalrymple Says:

        Bruce – “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.”

        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.

      • Roger Bird Says:

        Mightn’t those conventional energy power plants make great industrial building. The turbines might make really cool rooms for someone’s home.

      • Iggy Dalrymple Says:

        Walker, please email me at

        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.

  11. Iggy Dalrymple Says:

    Pretty optimistic interview:

    Dr. Luca Gamberale, who formerly worked on the cold fusion research project of Pirelli Labs with Giuliano Preparata: — (Google Translation)
    “We can say that the technology Defkalion is now ready to face the market. reactor R5, using as active elements nickel and hydrogen treated properly, it can produce about 4.5 kW of heat energy in a volume of a few cubic centimeters with temperatures that in principle may get to the melting temperature of the nickel (1453 ° C). The limitation in temperature is given by the materials that make up the reactor, which have a certain degree of complexity and which will focus the effort of engineering. Currently we are able to obtain temperatures of over 600 ° C in the secondary circuit using thermal fluids appropriate. The reactor can be switched on and off in a short time and the reaction is completely under control. The office of the reactor lasts six months of continuous operation and the final product of the reaction is mainly copper and some other metal is not harmful to health and the environment. dell’R5 The difference compared to the E-Cat of Leonardo Corp. It ‘radical . Indeed, while the exothermic reaction in the E-Cat is controlled by the presence of a catalyst, nell’R5 the reaction is triggered and modulated by a plasma discharge with very particular characteristics. It is precisely the presence of this download that allows a ‘ smooth and stable control of the reaction. The R5 (which will shortly be replaced dall’R6 a reactor that is substantially equivalent R5 but with improved performance) can be easily operated in parallel so as to achieve the desired power, until a few megawatts. The estimated cost per kWh is less than any primary source currently available. ” Difficulties and obstacles that research in the “Cold Fusion” (LENR) met since 1989 are known to all. She believes that the times have changed,? Do you think that there is still interest “strong” in place, tied to old technologies and vested interests that can impede even in the present and in the future development and success of this new and wonderful energy technology “Defkalion” ? ” I do not know if times have changed. rather I think that despite the massive effort to prevent the spread and the study of this controversial branch of physics, the few people who have spent their credibility and their work in this difficult area of research, have finally come to a formulation technology that paves the way to practical applications, in front of which the Academy more orthodox and conservative can not anymore. When industry will become aware of new technological possibilities that are offered by this technology, it will become pervasive, and the Academy which has greatly hampered research into LENR will be remembered in the future only to smear his work. ”

    This new energy technology, “Defkalion” which promises: economic energy, inexhaustible and clean, according to your point of view, that economic and social impact could be in the ‘immediate, and then view, in Italy, in Europe and worldwide whole?
    “The impact of technology Defkalion will be significant. The benefits will be in the field of energy supply will become gradually more and more fragmented. probably gradually disappear energy distribution of mass in favor of local production of energy. Everyone will l ‘ energy it needs, both thermal and electrical. However, this process will not be immediate but it will require time that may range from 10 to 20 years. should be given time to the big players in the distribution of energy to change its assets in a non-traumatic in synergy with the new technology. ” Have you already made it possible ordering systems “Defkalion” in Italy and in Europe? If so, you have had many requests to date of these plants “Defkalion” by private companies, etc.? ” Defkalion Europe is not a producer of power generators. Their customers are other European companies wishing to develop applications based on Defkalion technology. Defkalion Europe is a ‘company of research and development. Defkalion Europe was formed very recently and we have already developed contacts with important European industries. ”

    How long before we see the first systems with technology “Defkalion” installed and running? And these first plants will be built in Italy? By “Defkalion Europe”, of which she Gamberale, is the scientific director?

    “As I said, Defkalion Europe will not produce plants. Consequently the time the entry into operation of the generators Defkalion will be decided by the companies that are our customers. You therefore possible that the implants are made in Italy, always depend on our customers but not directly from us. would welcome the presence of the Italian Government to promote this fact. ”

    • Roger Bird Says:

      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.

    • Simon Derricutt Says:

      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.

  12. Bob Says:

    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.

    • Roger Bird Says:

      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.

    • brucefast Says:

      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.

      • Iggy Dalrymple Says:

        DECEMBER 7, 2012, 9:24 PM 16
        Canada Clears $15 Billion Chinese Takeover of an Energy Company

        MONTREAL — Canada on Friday allowed a Chinese state-run oil giant to move forward with $15 billion takeover of a domestic energy company, but the government indicated that such deals might not pass muster in the future.

        The deal — the acquisition of Nexen by the China National Offshore Oil Corporation, or Cnooc — is the latest effort by the Chinese government to find new sources of oil and natural gas reserves to help drive the country’s growth. The state-run Cnooc has been active, striking several partnerships in Canada and the United States.

        Canada, in part, has welcomed the alliances.

        Prime Minister Stephen Harper has been trying to create new markets to export Canadian energy, which is largely dependent on the United States for its exports. He has been courting China since the United States stalled approval of the Keystone XL pipeline project, which would move more oil sands production to the Gulf Coast.

      • brucefast Says:

        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.

    • Bob Says:

      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.

  13. Iggy Dalrymple Says:

    Something new may be “Blowin’ in the Wind”.

    Toshiba, GE to Form Venture to Develop Thermal Power Equipment
    By Tsuyoshi Inajima – Jan 23, 2013 8:34 PM CT

    Toshiba Corp. (6502) and General Electric Co. (GE) started talks on a joint venture to develop thermal power systems as they aim to boost profits from growing demand for electricity generation.
    Toshiba, a Tokyo-based manufacturer of power generators, personal computers and televisions, and GE plan to each take a 50 percent stake in the venture and aim to seal their alliance by the end of the year, Toshiba spokesman Toru Ohara said by phone. The companies will focus on power systems that combine gas and steam turbines to more efficiently produce electricity.
    Mitsubishi Heavy Industries Ltd. (7011) and Hitachi Ltd. (6501) agreed to merge their thermal power generation businesses in November. The planned venture between Toshiba and GE would also compete with Germany’s Siemens AG (SIE) and France’s Alstom SA
    “Our 30-year relationship with GE has been mainly focused on Japan in the past, and we are excited to work toward collaborating with GE in select projects around the world,” Norio Sasaki, Toshiba’s president and CEO, said in a statement.
    Toshiba shares rose as much as 1.9 percent to 372 yen on the Tokyo Stock Exchange, heading for their highest level since March 28, 2012. The benchmark Nikkei 225 Stock Average fell 0.2 percent.
    Toshiba and GE’s planned venture was reported by Japan’s Nikkei newspaper earlier today.

    • Bob Says:

      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.

  14. Iggy Dalrymple Says:

    WOW! via vortex

    RE: [Vo]:S.Korea Fusion
    Jack Harbach-O’Sullivan Thu, 24 Jan 2013 15:47:58 -0800

    This is not ‘Fusion’ proper; This is Plasma Breach Reactor technology. (which
    ‘can’ support
    fusion but which would be so monumentally counter productive) and so much so
    that simply using the Plas-Breach
    Reactor in ‘INCIPIENT’-Plas-Breach(restrained-eye)XO-Plasma bleed-through mode
    a self sustaining EM-induction production level that makes nuclear
    power appear a clumsy & wasteful dinosaur. This is seriously both GREEN and
    CLEAN. . .
    And once ‘online’ eg. Giga-High-Denstiy jump-started it goes into
    self-sustaining mode
    and the up-keep expense is ‘nill.’

    I always knew that the inevitable MONSTER STAG-FLATION of the world economy
    finally be that which brought this Plas-Breach/XO-Plas tech into the opening.
    And this
    because only relative low cost full energy independence & coupled with relative
    low cost
    Super-Weapons systems would bring the GUNS & BUTTER equation back to
    relative Global Stabilization.

    Sister tech 2 this is
    Electro-Plasmic-Meteor Broadcast ‘incipient Plasma-Breach toroid’ missle
    interdiction systems.

    They are just announcing this now because it’s already been installed. The
    Meteors Broadcast units (which are mini-low-power Plas-Breach Reactors) needs
    be arrayed
    across an latitudinal grid line because the FLY-PATTERN follows the
    geo-magnetic grid
    NORTHward(only). The Magneto-Gravionic Wake creates a long-path devastating
    airborne hyper
    gravity ‘sump’ effect which is more like hypr-grav trenches in the sky. In UK
    I watched
    the prototype literally RIP 5 jet-fighters out of the sky across about a
    nautical mile. It tends
    to make a believer out of you. This was public but few commentators had a clue
    as to
    what exactly they were watching. . . ultimate stealth equals INVISIBLE but the
    effects are stunning.

    This technology being installed in South Korea will CUT OFF NORTH KOREAN missle
    OFF AT THE KNEES since it is instantaneous 1/2 C/light speed response. If the
    Meteor(Hyper-grav frisbees-toroid fields and wakes) is launched at a shallow
    enough horizon skimming
    trajectory it stands to RIP A TRENCH in any installation in its path for a
    least as far north as the
    northern most border of North Korea.

    Note the ‘timing’ and location: This is an American project ‘totally.’ Jack

  15. Ian Walker Says:

    Ah it appears the penny has dropped in Russia.

    With the sudden realisation they have been left holding the bag.

    Ditto Nigeria

    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.

    • Roger Bird Says:

      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.

      • Ian Walker Says:

        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

        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

      • Roger Bird Says:

        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.

    • Bob Says:

      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.

      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.

      I agree, something is happening in energy, I’m just not sure what.

  16. Ian Walker Says:

    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:

    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

    • Bob Says:

      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.

    • Roger Bird Says:

      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.

    • Iggy Dalrymple Says:

      Ian Walker says, “The only reason US shale Oil becomes commercially viable is if the cost of oil remains high, above $120″.

      Today’s price for West Texas Intermediate (sweet) is $97.60, and shale oil is not sweet. Yet North Dakota and Texas are booming.

    • brucefast Says:

      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.

  17. brucefast Says:

    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.

  18. Iggy Dalrymple Says:

    I say this is simply temporary electromagnetism (until the circuit is broken by removing the bar). What’s y’all’s take?

  19. Anony Mole Says:

    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.

    • Simon Derricutt Says:

      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.

  20. Ian Walker Says:

    Further analysis shows banks are shorting oil too.

    • Iggy Dalrymple Says:

      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.

      • brucefast Says:

        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.

    • Roger Bird Says:

      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.

    • Anony Mole Says:

      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.

  21. Snap Dragon Says:

    Hess Corpration is selilgn all their assets as well, mainly in North Sea, Azerbaijan, Texas, Russia, Indonesia and Thailand

  22. special compilation Says:

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  23. Anthony Says:

    How long did it take for smartphones to change the world? Your argument that it will take decades for LENR to be adopted is based on a past that no longer exists. The capability to produce cheap, abundant energy is a game-changer. Do you think that Toyota, for example, has some allegiance to big oil? If a technology comes along that allows the Prius to travel 6 months on a single charge do you think Toyota will care the slightest about what Exxon Mobile has to say about it? Toyota, like every other manufacture, cares only about selling more products. The only losers in this scenario are the big energy cartels. Who will shed a tear for them?

    • Roger Bird Says:

      Not even the investors in Big Oil will shed a tear. They will just sell their investments to people like Craig Binns and re-invest in energy intensive companies like Alcoa.

      Where is Craig now that we need him to try to curb our enthusiasm.

  24. Craig Binns Says:

    I’m here, but I see no reason to contribute to this babbling enthusiasm which is founded on delusions. Produce working LENR and THEN tell us how you’re going to change the world. It’s like me talking about the things I WILL do when I win the lottery. Good fun, but fantasy.

  25. Craig Binns Says:


    No. I’m oblivious to free energy devices in commercial use, busily changing the world. I must be because I’ve never heard of any such thing.

    • Roger Bird Says:

      Who is talking about free energy. You believe that fissile nuclear is real and not free energy, don’t you? And you believe that fusion nuclear is possible and not free energy, don’t you? So, if LENR were possible, how would that be free energy? Or are you just trying to be insulting?

      I’ll answer that. You are just trying to be insulting.

  26. Hougang Apartment Says:

    What you have mentioned reminds me of a new house is in Singapore. You can google Tembusu to find out more

  27. Anonymole Says:

    If the fossil fuel industry is divesting its oil leases and oil properties this is more likely the reason:

    Other economic reports I’ve read allude to the same issue, countries and the oil companies within them are generally ignoring the risk and implications of systemic changes in energy consumption due to governments beginning to enforce carbon emission limits in the next 20 years.

  28. Roger Bird Says:

    What I don’t understand is why this sort of post happens to Bruce’s blog but no other blog that I have ever visited?

  29. Simon Derricutt Says:

    Roger – we also get this rubbish on Revolution-green, but it’s caught by the moderators and goes into the spam queue. There just seems to be a lot of it around. There may be a way to direct a previously-unknown commenter to a moderation-queue, but it probably takes some effort to set things up that way. Personally I don’t see the point of the spambots – just gets whatever they are trying to advertise a bad name. That, of course, could also be a reason, if they are sponsored by a competitor… it’s a sad world at times.

  30. Craig Binns Says:

    Maybe they’re sponsored by pathoskeps, skeptopaths and shills of Big Oil, to discredit LENR.

  31. Roger Bird Says:

    I hate to disappoint you, but I and probably most others here are not conspiracy theorists. I have actually known oil company executives in my life, and they were perfectly decent people. No conspiracy except to do an excellent job, be decent to people, and make a profit.

  32. Craig Binns Says:

    I have been accused of being all the above things by contributors to this blog, though perhaps not by you.

  33. Roger Bird Says:

    Well, if you think that Levi, Essen and the rest of the testers and Focardi and Rossi and Mike McKubre and all the rest including the guy with the gun et. al. are all in on a grand conspiracy, then I have to say that you are a conspiracy theorist.

  34. Simon Derricutt Says:

    Craig – I did wonder for a while if you were being paid to put forward the opinions, but they do seem like your opinions. You believe the distinguished scientists that say LENR can’t be done but you don’t believe the people who say they’ve done it. As regards Rossi and Defkalion, your attitude is certainly understandable based on the evidence you have, but I think you’re wrong based on the evidence from and from what we’ve seen.

    Whether we agree or disagree makes absolutely no difference to when (if ever) someone gets a commercial version working. Overall, I think there’s a reasonable chance of Defkalion showing something good by the end of this year, but not much of a chance for Rossi to do so.

  35. iggydalrymple Says:

    A pretty lady meets Craig on the street, “Good morning, Sir.”
    Craig replies, “Your evidence, Madam?”

  36. Roger Bird Says:

    I was thinking “Prove it!”. But that’s just me.

  37. Craig Binns Says:


    If you respond to people touting LENR devices as you would to pretty ladies approaching you in the street you’re in danger of losing even more money than I at first feared.

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