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

 

  • 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”.

  • 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.

  • 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/

        • 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.

  • 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.

  • 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.

  • 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”.