Tuesday, March 26, 2019

LENR is not a threat to fossil fuels

At this point it should be obvious that LENR is being held back by powerful interests, and it is safe to assume that they are well rooted in the fossil fuel industry. If you built your entire wealth off of the oil you have sitting under your property, what lengths would you go to to protect that investment?

But really, this is the wrong question to ask. The real question is, if you were sitting on billions of dollars in oil and gas, does LENR actually pose a threat to your wealth? The surprising answer is NO, it does not.

As we saw in late 2008 and again in 2015, lack of sufficient economic growth can and will cause demand destruction which leads to price collapses all across the energy spectrum. The way to make the most money possible off fossil fuels is to have demand high and steadily increasing. A million LENR devices powering everything from homes to cars might sound frightening to an oil tycoon, but it really is nothing to fear and in fact should be fully embraced. At this point it is going to take every ounce of petroleum to power the infrastructure to build all these LENR devices, as well as the generators connected to them, and the motors connected to those generators, not to mention all the actual end products that people want to buy. The sheer demand for raw materials that this revolution will create will cause entire fleets of mining equipment to be built. And what is going to power them? Not LENR. No its too small scale, and lacks energy density. Petroleum is going to power them. The demand for fossil fuels will actually rise steadily even as depletion fully takes hold, even when the day comes that half the world's vehicles are powered by LENR. Factories are still going to be powered by coal and gas. The more you look into it, the more you realize how dependent we are on fossil fuels, and its not going to change until they are essentially gone.