Cold Fusion and the Peak Oil Myth
27-05-2012
Cold Fusion and the Peak Oil Myth
USA/ET
Cold Fusion has very real possibilities of providing virtually free limitless energy with absolutely no pollution.
(Free apart from building the power stations, power cable infrastructure and basic maintenance.)
Why aren't huge funds being made available to pursue this technology?
http://www.energybulletin.net/stories/2012-04-29/peak-oil-crisis-quantum-fusion-hypothesisPeak oil is a myth propagated by oil companies to keep oil prices high and suggest there is an energy shortage.
It is supported by the arms industry as a reason to intervene in the Middle East.
It is supported by the US government as a method of continuing the endemic corruption in Washington DC and controlling the population.
It is supported by the "green" energy companies which would otherwise be undermined.
There IS a shortage of refinery capacity in the US.
Very few refineries have been built in the last 40 years.
However very recently the US became a net exporter of petroleum products.
The estimated oil reserves in the 1970's was about 200 years worth. (The date of the peak oil theory.)
The estimated oil reserves now is about 200 years worth.
I predict in 100 yrs time estimated oil reserves will still be 200 years worth.
The relative price of oil will not change very much in the next 100 yrs.
Peak oil is a myth (although the production level in the US is true).
There are numerous sources of carbon based energy.
Oil shale deposits in Canada (and elsewhere).
Fracking - extracting nat gas from rocks across the globe.
New technology to extract more oil from existing fields.
New finds (none of them have been huge but there are more all the time).
Fracking
The energy reserves of this are absolutely huge.
Little exploration has so far been done, but estimates are that each of the US and Europe are equivalent to Saudi reported oil and gas reserves. From the little exploration so far done. More reserves will be found.
It is new technology and like all new technology it has teething problems. Environmental concerns will need to be addressed.
China has huge reserves of coal and is building one coal fired power station a month.
The US has huge reserves of coal which are under utilised due to the green lobby.
Then there are totally new technologies.
Cold Fusion is a very real possibility of provifding limitless non-polluting cheap energy.
Zero Point Energy is another.
And there is another really interesting possibility - deep oil.
No existing theory can explain how there is so much oil concentrated in the largest Saudi field.
If this field was supplied from a deeper larger geological source it could explain it.
No exisitng theory can explain why some fields seem to be mysteriously filling up again. If they were being supplied from a deeper source thru cracks in the rock it would explain it.
The Russians have had some success with finding oil much deeper than conventional theory suggests could be possible in Siberia.
We will see if deep oil becomes convention in the next 20-40 yrs.
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