Using the Declining Oil Price to Inform about LENR (Brandon Hurd)

The following was submitted by Brandon Hurd

I have posted the comment below, on a number of articles concerning declining oil prices. I think that, regardless of whether or not the oil price decline is linked (I believe it is) to the recent third party report, it is nevertheless a great opportunity to inform readers about LENR.

Here are some of the articles where I have posted this comment:

http://www.marketwatch.com/story/meet-the-players-helping-drive-oil-to-new-lows-2014-11-04

http://www.cnbc.com/id/102152020?trknav=homestack:topnews:9

http://www.bloomberg.com/news/2014-11-04/wti-trades-near-three-year-low-as-u-s-stockpiles-seen-rising.html

Here’s the comment:

In my opinion, the recent independent report on LENR / Cold Fusion, is what is driving oil prices down. Many people including a lot of internet commentators, wikipedia authors and some mainstream scientists believe it is a “scam”.

However, as soon as one digs deep and does a bit of homework on this, investigating who the authors of this report are and who funded it, who owns the technology and whether or not they are likely to have done their due diligence, it becomes apparent that this can not possibly be a scam. It is real and it will hit the mainstream, soon.

See here for an article covering this technology and its implications:

http://www.extremetech.com/extreme/191754-cold-fusion-reactor-verified-by-third-party-researchers-seems-to-have-1-million-times-the-energy-density-of-gasoline

See here for comments from the man who owns this technology:
http://www.bizjournals.com/triangle/blog/techflash/2014/10/raleigh-investor-darden-still-bullish-on.html?page=all

See here for an oil futures trader’s perspective:
http://www.sifferkoll.se/sifferkoll/?p=443

Here is where you can read the report itself:
http://www.elforsk.se/Global/Omv%C3%A4rld_system/filer/LuganoReportSubmit.pdf

 

  • Andreas Moraitis

    “You forgot to mention that the USA oil coming out of the ground costs more than their oil coming out of the ground. “

    That is exactly what I meant when I spoke of “new, expensive production methods”.

  • Manuel Cruz

    Solar panels lose efficiency because they get tidy and scratched by dust, in fact, they efficiency loss is pretty dramatic in only a few years which is why this scam requires politicians to write “ironclad contracts” to make the subsidies last 20-25 years, regardless of production, as it will become obvious very soon how useless they really are.

  • Andreas Moraitis

    Saudi Arabia and other traditional oil producers are interested in a low price, since it will hinder the expansion of the new, expensive production methods in the USA and elsewhere. They know that a higher price would only be a short-term advantage for them. With an increase of the worldwide production capacities the prize would drop anyway.

  • Omega Z

    No. Sorry, It has much to do with Coal plants converted for N-Gas.
    Not only is N-gas cheap, but no rail transport costs which can add $30 a ton to costs & No scrubber maintenance costs as it burns clean.

    Warren Buffet lost money on this transition & if the Keystone pipeline goes through, he’ll lose even more due to losses on the Oil trains. He’s been depending on the pipeline being delayed for many years. Guess we’ll see him selling his Railroad shares soon.

  • GreenWin

    Of course the Lugano Report is affecting oil prices. It’s been downloaded nearly 100k times. Many of those readers are paid analysts for commodities and stock traders. The major pressure comes from the perfect storm of lower demand, greater production AND the LENR black swan. Fund managers have been cautioned about this for nearly three years now.

    • Obvious

      That 100k download figure may be slightly bulked up by people downloading it every day to see if the updates and answers to questions have been appended…
      Just sayin’…

  • Christopher Calder

    Will the change in Congress help LENR progress faster?
    Will the new Congress end the renewable energy hoax?
    Will Obama be impeached?

    • http://www.facebook.com/ian.walker.7140 Ian Walker

      Hi all

      In reply to Christopher’s post.

      1) No. They are in the pocket of Big Oil, but it does not matter they are irrelevant now any way.

      2) No Hoax renewables are already most of Germany’s energy US is not so far behind, but it does not matter they are irrelevant now any way.

      3) No Americans are sick wasting time on partisan politics, but it does not matter they are irrelevant now any way.

      Kind Regards walker

      • Christopher Calder

        SEE:

        http://theenergycollective.com/robertwilson190/456961/reality-check-germany-does-not-get-half-its-energy-solar

        “Last year only 4.5% of Germany’s gross electricity generation came from solar panels”

        “And if you want to think that half of Germany’s electricity comes from something green you will be disappointed. 46% of generation comes from coal. And just over half of coal powered electricity in Germany comes from burning lignite, perhaps the most polluting way to generate electricity on the planet.”

        Germany gets about 16% of its power from nuclear energy, about 11% from natural gas, and about 8% from intermittent, unreliable wind power.

        Also see Germany’s Green Energy Disaster at:

        http://www.forbes.com/sites/realspin/2013/03/14/germanys-green-energy-disaster-a-cautionary-tale-for-world-leaders/

        • http://www.facebook.com/ian.walker.7140 Ian Walker

          Hi all

          In reply to Christopher Calder

          You need to stop using partial quotes and out of date sources it makes you look incompetent.

          “Germany Sets New Record, Generating 74 Percent Of Power Needs From Renewable Energy

          On Sunday, Germany’s impressive streak of renewable energy milestones continued, with renewable energy generation surging to a record portion — nearly 75 percent — of the country’s overall electricity demand by midday. With wind and solar in particular filling such a huge portion of the country’s power demand, electricity prices actually dipped into the negative for much of the afternoon, according to Renewables International.

          In the first quarter of 2014, renewable energy sources met a record 27 percent of the country’s electricity demand, thanks to additional installations and favorable weather. “Renewable generators produced 40.2 billion kilowatt-hours of electricity, up from 35.7 billion kilowatt-hours in the same period last year,” Bloomberg reported. Much of the country’s renewable energy growth has occurred in the past decade and, as a point of comparison, Germany’s 27 percent is double the approximately 13 percent of U.S. electricity supply powered by renewables as of November 2013…”

          http://thinkprogress.org/climate/2014/05/13/3436923/germany-energy-records/
          Follow the link to see the article in full.

          Kind Regards walker

          • Christopher Calder

            “According to Renewables International”

            Give me a break. The church of renewable energy is as devious as any religion on Earth. They spout out BS so thick and so heavy that the naive fall for it. Google *The Renewable Energy Disaster* and do the math. Solar and wind can never be anything more than window dressing mandated by government. The free market always rejects them because they are too expensive and inefficient.

      • Omega Z

        Total wind & solar makes up about 4% of energy production capacity tho actual use is lower then this as wind turbines usually do good to meet 25% of rated capacity. Solar only marginally better.

        The U.S. only fairs good when comparing capacity against other nations capacity. That’s due to the fact that the U.S. energy use is so much higher to begin with. Our meager output could supply Spain with nearly 100% of their needs.

    • Omega Z

      1. No. LENR is taboo to both parties. Even tho both are aware of it.
      2. No, But likely reduced incentives, so a major slowing.
      3. No. But he is already rated lower the J. Carter. What could be worse then that in the history books.

    • we want LENR Fusione Fredda
      • bachcole

        Nice catch. I left the following comment: “I am a “settled science” denier, and proud of it, and I will be until the day that I die. Anyone who is not a “settled science” denier is a piss-poor scientist or just not a scientist at all.”

      • Christopher Calder

        Senator Jim Inhofe seems to be in line to get the Senate’s top environmental post. I sent him a message asking him to put pressure on the United States Patent Office to stop blacklisting Low Energy Nuclear Reaction (LENR) patent applications. If you have anything to say to the Senator, you can reach him at this link.

        http://www.inhofe.senate.gov/contact

        Those who do not believe in man made global warming and those who do believe in man made global warming should unite in their effort to get LENR to the marketplace ASAP. We all need low cost energy.

        • we want LENR Fusione Fredda

          …and what “benefit” will the Senator receive for spending his time and energy trying to foster LENR against the interests those companies who are largely funding his party?
          Politics are a ‘do ut des’ dynamic, do we really think the betterment of humankind is their goal?

          • http://renewable.50webs.com/ Christopher Calder

            I used a range arguments, including national defense. I said “Do we want the USA to be the first nation on Earth or the last nation to have LENR powered jets and ships?”

            Not all politicians are so corrupt that they do not care about the survival of the USA.

  • http://www.facebook.com/ian.walker.7140 Ian Walker

    Hi all

    I have been doing this for some time 😉

    Kind Regards walker

  • psi2u2

    “as soon as one digs deep and does a bit of homework on this, investigating who the authors of this report are and who funded it, who owns the technology and whether or not they are likely to have done their due diligence, it becomes apparent that this can not possibly be a scam. It is real and it will hit the mainstream, soon.”

    Sure looks that way to me.

    • bachcole

      In my opinion, epistemologically speaking, that is all that ANY of us have, although I confess that seeing the glowing cylinder of the 1st test in May 2013 was very exciting. All we have is social evidence. We got nothing else. Even if we were all nuclear physicists, that would only hurt our faith in the E-Cat. Now, there may be some rare individual reading this who has actually burned their finger on an E-Cat and perhaps even tested it to their satisfaction, but otherwise, 99.99% of us have nothing but social evidence. But we find this social evidence to be overwhelmingly compelling and getting better all of the time.

      • psi2u2

        I agree, mostly.

        I would say that *the majority* of the evidence is “social” in character. What little technical evidence is available can only be debated by those with greater knowledge of the particular areas of inquiry than I have. But the social evidence has been strong for several years now, and it continues to grow. It is noteworthy, for example, that not a single person who has worked closely with Rossi has ever indicated any serious doubt that he essentially has what he says he has.

        On the contrary, the claims of fraud or incompetence are robustly contradicted, not only by the technical arguments, but at least as importantly, by the continued silence of a very savvy company that has spent $11 million or more to acquire the technology, and the interest bordering on enthusiasm shown by Elforsk and similar entities. The fact that Brillouin is simultaneously meeting with energy sector leaders in Norway is the icing on this cake.

        The skeptics are running out of places to stand. Should compelling counter evidence be forthcoming, I will consider modifying my position — as would I am sure many others currently supporting Rossi — who are the real, not pseudo-skeptics.

        Here’s what I wrote about this matter a couple of years ago:

        http://shake-speares-bible.com/2012/03/15/andrea-rossi-and-charity-or-the-ox-the-cart-and-the-cow/

  • Billy Jackson

    Interesting to say the least as a way to break the ice on LENR to the uninformed. Yet i hesitate to come fully into accepting LENR as the sole reason for the plunge. The timing is either hard evidence or coincidence as food for thought with this case. yet a few factors play significant roles before we can say LENR caused and is sustaining this plunge in oil prices.

    1. Fracking/shell oil. the USA as the largest user is now or close to being the top oil & natural gas producer in the world. while our consumption may not have gone down much we are able to get more from home rather than buying from foreign powers.

    2. Market Forces. the production of oil is up by a large amount over the last few years. this has produced a glut if you will, causing a weaker demand overall as such prices are going to drop.

    3. Demand. LENR simply cant fill the demand fast enough to have a lasting impact on OIL in the short term. It may have caused a bump with the announcement that the effect is real and in the future will impact the prices of oil far greater than what we see now. We need close to 2 billion e-cat devices to fulfill current demand let alone future demand (billions of family homes, vehicles and businesses) It will happen, just not fast at the beginning and this alone will cause oil to rise once more. (once the first e-cat plant opens to the public to purchase the e-cat we may see a more permanent drop)

    I think the report was just the proverbial ball that got all the other factors rolling in favor of a decline. Yet i hesitate to say its the main reason due to the demand that market forces will still have on oil as LENR devices are simply unavailable as replacements at the moment.

    • Omega Z

      #1. Yes, as of 2014, the U.S. Is considered the largest producer surpassing both Russia & the Saudi’s. The U.S. is also the largest N-gas producer. We now produce near 60% of the oil we use while reducing imports by nearly 6 million barrels a day.

      And, I just read that due to continuing tech advances & other cost reducing measures, Drilling may be curtailed but will continue as long as oil exceeds $40 bbl.

      Note, Initially costs of oil per bbl in new fields include pipeline construction. Many fields have pipelines built. Additional wells do not need to include this as part of the cost per bbl.

  • bachcole

    Be shy about using pronouns. “In my opinion, the recent independent report on LENR / Cold Fusion, is
    what is driving oil prices down. Many people including a lot of internet
    commentators, wikipedia authors and some mainstream scientists believe
    it is a “scam”.” The ‘it” in that sentence makes it sound like the connection between LENR and the fall in oil prices is thought to be a scam. Better to replace “it” with “LENR / Cold Fusion”.

    • lifeswhatyoumakeit

      Yes, fair enough – should be absolutely clear about “it”. Having said that, the sceptics will call everything and anything linked to LENR, a “scam”.