Time to sell fossils short before they become stranded assets

Trillions of dollars worth of fossil fuels in the ground are likely to become largely stranded assets in the near future. The fossil fuel sundown has arrived via the oil industries long feared Black Swan that has taken flight in the form of Cold Fusion. Their 25 year black hearted campaign to destroy or delay cold fusion as being fraud, bunk, impossible, and worse has collapsed as world governments, leaders, and scions of business have decided to look more closely at cold fusion and the clean environmentally friendly energy future that it portends.

What they are seeing is not some off the wall energy miracle with neither substance nor form. The very thing that led Cold Fusion to  capture the history books as the most intensively reported story of the age, when it burst onto the scene some 25 years ago in Utah, is suddenly not just a laboratory experiment, It is in hand producing megawatts of heat energy, more powerful than a locomotive, and able to leap all remaining obstacles in just a few more simple bounds.  The cost to produce this clean green cold fusion energy is so low, less than 1% of competing fossil fuels and it is in a form that can be distributed into every nook and cranny where heat is required.

HOT CATS Howling

Todays revolution in cold fusion owes much to the work and demonstrations of an Italian by the name of Andrea Rossi. His literally ‘white hot’ cold fusion device known as the E-Cat/HOT Cat has drawn researchers and businessmen around the world to repeat his incredibly simple techniques. All it takes to produce this form of cold fusion is to mix some dry metal powders together along with a not so ‘secret sauce’ Lithium Aluminum Hydride, the source of hydrogen for the fusion and place it all in a vessel able to withstand temperatures in excess of 1000° C, ‘white hot heat.’

For 25 years the campaigns to mis-inform the public with chants of cold fusion is fraud are falling back into the gutters where those parroting the campaigns came. Rossi’s work has  been replicated just from the information available on the internet by top Russian scientist Parkomov as well as others in the US and around the world. The cost of such replications is well under $1000 USD and the time required is just a few weeks including all preparation and experimentation.

Rossi is showing pictures on his web site of his large industrial scale devices that are packed in a standard 20 ft. shipping container and are said to offer a megawatt of useful energy where only a fraction of that is required to operate the cold fusion steam plant. It’s no wonder the fossil fuel industry is being shoved off of its throne and oil commodities buyers are running for the cover of low oil prices.

Cold fusion in the style of Fleischmann and Pons

While the Italian stallion Rossi’s work appears spectacular in its red hot state there are many other forms of cold fusion in what some might say the traditional vein which is the electrochemistry in heavy water pioneered by Fleischmann and Pons. Hundreds of labs have pursued this path amongst the most successful, albeit in small test tubes, is that of Dr. Mitch Swartz of Boston. Just a few weeks ago he and colleague Prof. Peter Haglestein of MIT put on this years week long COLD FUSION 101 course as they have for many years. You can follow the course and even attend the class via YouTube videos now available. Dr. Swartz’s work shows enormous gains of energy many times that of energy input in his Nanor experiments.

Another form of cold fusion gaining steam is called Sonofusion which is somewhat of a hybrid between traditional HOT fusion and COLD fusion. It’s likely that all of the modalities of technology that make use of cold fusion reactions will deliver practical devices for producing clean energy in the near future.

70% of the world’s fuels goes to producing heat at the temperature of boiling water

Spin mastered stories of the oil price collapse are everywhere saying it is being driven by the Saudi’s and other oil sheiks as a means to destroy new competition within the oil patch. Sure the drop in prices is hurting the fracking newcomers to the oil patch but the real reason no oil sheik is willing to curtail selling oil now is that they know that in a very short time they will be seeing cold fusion deliver impossibly low price competition to fossil fuel.

Other financial indicators and predictors are beginning to reveal potent, behind the scenes, role that cold fusion is having on world financial markets. One report makes the case for Big Banks and investment institutions engaged in dramatic moves away from the risk of oil as a stranded asset due to the reports of Rossi style cold fusion.

Torkel Nyberg, who runs the Swedish energy industry blog Sifferkoll.se notes that since 2011, big banks like Goldman Sachs and JP Morgan have put oil investment into full reverse. They have managed their investment portfolios that initially had about 200,000 contracts with a “long” position (letting you earn money if the price increases), to a drastically changed strategy, moving to as much as 500,000 contracts with a short position (meaning they are betting of the fall of oil prices).

Timing

Certainly cold fusion isn’t expected to replace the super convenient liquid fuels of gasoline, diesel, and jet fuel in the near future. These liquid fossil fuels that have an incredibly powerful installed base of engines will still be around for some years to come.

But Elon Musk showing off TESLA Motors new 500 mile battery and all of the other electric car people have already proven electric battery power for such vehicles is highly competitive today. As cold fusion rapidly produces huge drops in the cost producing electricity the electric cars on the market today will become the norm in very few years. I’ll suffer from that as I have enjoyed my life of a vicarious mechanic tweaking my cars carburetor and cleaning the point in the distributor to make it purr better.

Commercially viable low grade cold fusion thermal heat will be here as soon as this year

Just how real is cold fusions replacement of fossil fuels. As much as liquid fuels for vehicles has been and will be very handy for some time to come such fuels have never been the foundation of the fossil fuel industry. That foundation is built by Old King Coal the vast majority of which is known as thermal coal which is burned in steam plants where the steam is either sent out as district heat or used to spin electric generators.

Cold fusion low-grade thermal heat will immediately become impossible competition for such plants including those that today run on coal or the bunker oil.

Every degree of temperature rise that is needed is the same. For those industries that need heat if they can obtain any portion the heat they need from a cheaper source they will use it. Think of how much less time it takes your kettle to boil on the stove if you start by filling it with hot water from your hot water faucet instead of the cold water faucet. I notice that it takes less than half the time and energy for my kettle to come to a boil.

Time to sell short

One report on the internet says, “The independent trader “Sifferkoll” explains, on his homonymous blog, that “the ‘Big Oil’ companies put their money from selling their oil fields in the bank and enabled the merchant banks to short oil, i.e. to bet on an its further drop”. So, the Big Oil avoided bankruptcies and fire sales, whereas the big merchant banks such as Goldman Sachs, JP Morgan among others have been extremely well positioned for this fall of the oil price since 2011.

Saudi Arabia wants to undercut oil production to allow the market to stabilize on its own, as already decided in December, even if non-OPEC nations did so or wanted to do so. In this way, Saudi Arabia can kill off as many of its competitors as it can now. So, when the oil drops to $30, the Saudis will be the sole suppliers and they will earn thanks to the large volumes.”

Open source cold fusion is good news for the world, bad news for the banksters.

25 years of attacks on cold fusion have yielded one great benefit to the world’s people. The normal course of technology invention and development which usually includes many powerful and contentious patents has been derailed. Cold fusion inventions and technologies having been consistently refused patent protection were forced onto an ‘open source’ invention and development path.

As open source technology there are few if any intellectual property barriers to entry to be bought up and exploited by the vulture capitalists and banksters who would seek to own it all and legions of lawyers standing ready like hired old west gunmen ready to begin blasting away on behalf of anyone with cash to pay them.

Many of the best workable cold fusion technologies have a long open source history and thus can be built and sold without risking costly patent claim litigation by anyone with the inclination to do so – from the do it your self farmer looking to heat his barn to medium-sized companies like Industrial Heat that is working with Rossi on megawatt E-Cats.

We all have front row seats, it’s time to watch the banksters, oil barons, and old king coal get out of Dodge.

Additional reading:  Wired Magazine Jan 2015,  Wired Magazine 1998, US Navy Cold Fusion is working in navy labs video