With the recent Obama announcement of proposed regulations to limit greenhouse gases, one side of the
fossil fuel pyramid is eroding.
Coal. The most commonly used fuel to
feed America’s electrical power plants will now face a limited demand. In part,
because the use of cheap natural gas supplies and in part because of looming new
federal regulations.
Coal accounts for 28 percent of the
greenhouse gasses produced in our country because of its use in the generation of electricity.
On Monday, in coincidence with Obama’s
pledge to reduce the pollution from Coal fired electrical production, Alpha
Natural Resources of Wyoming, one of the largest coal producers, had filed for Chapter 11 protection.
Does this flag the pending doom of one of the pillars of
fossil fuel usage?
Is this also linked to the last
years drop in oil prices?
Is all of the above related to a
yet, unseen force directing away from the archaic use of fossil for energy
production? Because of what – Solar?
What else could be creating this
tide of change?
Didn’t all the experts in financial circles
predict that the Chinese markets for coal and oil will expand forever?
A few years ago, the so called “experts”,
again, were forecasting the “Peak Oil” crisis. We were all going to experience the
ever increasing costs of fuel because of the scarcity of the commodity. This
huge market was climbing out of their poverty into the land of industrialization
and they were going to consume vast amount of the stuff.
All BS – apparently.
Something had dramatically turned
the tables on all these forecasts and I can’t believe that its renewables. I
don’t think anyone with even a limited knowledge of markets can believe that
line of reasoning.
What has put such a huge chink in
the armor of fossil?
Could it be that some of the
insiders, the really BIG insiders, know something about the recent break-outs
in technology of cold fusion/LENR?
I believe that they do and its effect
is beginning to take hold. Just look for yourselves.
Replication of the LENR effect first
proclaimed by Andrea Rossi is now being duplicated in many laboratories around
the world.
There have been announcements of new
corporations forming to push this technology forward.
Patent applications in the field of
LENR or cold fusion technology are being applied for.
It’s somewhat different realization then
what we had first hoped for - but it is happening.
LENR is becoming accepted as real
and may be our best bet for the future.
LENR is not only for our future
prosperity but also for our continued existence.
I don't believe "Big" corporate people are paying attention to LENR. Their vision tends not to go further than the next quarter's profits. More likely it is a downturn in global economics that has reduced the demand for oil.
ReplyDeleteHaving said that, there is now too much evidence and too many reports saying the E-Cat is real for it to be fake. As Rossi forecast, it will not be generally believed until there are units for sale. Certainly DOE doesn't believe it yet. Obviously the government's advisers don't either. It is just taking longer than we hoped.