Peak Oil Revisited

Peak Oil Revisited

Back in May 2011 Roger Tallbloke was buzzing about “a nuclear reaction which leaves no waste”.

The nuclear world is all abuzz over this invention.
A nuclear reaction which leaves no waste.
It uses a catalyst (possibly aluminium) and a patented process to convert Nickel and Hydrogen to Copper, releasing a lot of energy in the process.
1MW system due to come online in November in Greece, this is exciting stuff.

Andrea Rossi: Breakthrough to clean cheap energy via ‘E-Cat’ LENR (cold fusion) catalyser!
Posted: May 29, 2011 by tallbloke in Energy, Nuclear power
http://tallbloke.wordpress.com/2011/05/29/andrea-rossi-breakthrough-to-clean-cheap-energy-through-cold-fusion/

In a follow-up posting in November 2011 Roger concluded “We have too little data to be able to judge at this point” regarding Andrea Rossi and Low Energy Nuclear Reaction (LENR) technology.

Wired magazine’s UK website is carrying a cautiously optimistic story regarding the cold fusion Low Energy Nuclear Reaction (LENR) process Italian Engineer Andrea Rossi claims to have successfully developed.

Personally, I have a good feeling about this process, which I blogged back in May, but that’s all it is.

We have too little data to be able to judge at this point.

Andrea Rossi: E-Cat megawatt cold fusion device passes the test
Posted: November 17, 2011 by tallbloke in Energy, Nuclear power
http://tallbloke.wordpress.com/2011/11/17/andrea-rossi-e-cat-megawatt-cold-fusion-device-passes-the-test/

Fast forward a couple of years and testing has confirmed the technology is effective.

This paper presents the results from a new extended study carried out on the “E-Cat” reactor, a device invented by Andrea Rossi.

Various tests of this reactor have indicated that an excessive amount of heat is generated from a fuel consisting of hydrogen-loaded nickel powder plus some additives.
The heat generating process is initiated by heat from resistor coils around the reactor tube.
In addition, the resistor coils are fed with some specific electromagnetic pulses.

The E-Cat reactor was tested in March 2013 by the same collaboration performing the present test and a report is given in ref. [1].

The March 2013 test showed indeed a clear indication that abnormal heat was generated, i.e. that the amount of heat could not be explained by any chemical processes in the limited volume of the reactor tube.

This striking result prompted us to investigate this phenomenon further.

Observation of abundant heat production from a reactor device and of isotopic changes in the fuel
Giuseppe Levi, Evelyn Foschi, Bo Höistad, Roland Pettersson, Lars Tegnér, Hanno Essén
October 6, 2014
http://amsacta.unibo.it/4084/1/LuganoReportSubmit.pdf

The testing also confirmed the technology is clean.

David Bianchini, MSc and expert in radiation detection, was in charge of assessing possible ionizing radiation and neutrons emitted by the reactor charge, before, during and after operation.

For this purpose, he provided the following instruments: a scintillation probe, a neutron radiation detector, a Geiger probe and various thermo luminescent dosimeters.

For all types of radiation taken into consideration, background radiation was measured beforehand, both inside the laboratory where the test took place, and in various premises belonging to the establishment hosting us.

Subsequently, Bianchini evaluated the possible presence of alpha, beta and gamma radiation by applying his instruments directly to the powder that was subsequently inserted into the reactor.

The same operation was repeated after the end of the test on the powder extracted from the reactor.

In both cases, no signs of activity were found.

Observation of abundant heat production from a reactor device and of isotopic changes in the fuel
Giuseppe Levi, Evelyn Foschi, Bo Höistad, Roland Pettersson, Lars Tegnér, Hanno Essén
October 6, 2014
http://amsacta.unibo.it/4084/1/LuganoReportSubmit.pdf

The testing also demonstrated the technology is efficient.

COP
COP trend throughout the test.
Each interval on the x-axis represents a time span of about two days.
COP is the ratio of the sum of mean power emitted by radiation and convection by the E-Cat and by the rods, to the mean power consumption of the reactor minus power dissipated by Joule heating.
It gives an indication of the E-Cat’s performance.

Observation of abundant heat production from a reactor device and of isotopic changes in the fuel
Giuseppe Levi, Evelyn Foschi, Bo Höistad, Roland Pettersson, Lars Tegnér, Hanno Essén
October 6, 2014
http://amsacta.unibo.it/4084/1/LuganoReportSubmit.pdf

Therefore, it seems possible [as predicted by Marion King Hubbert] that the world is “on the threshold” of a nuclear power Low Energy Nuclear Reaction (LENR) era where energy consumption would “be at least an order of magnitude greater than that made possible by the fossils fuel”.

Conventional Sources

Observation of abundant heat production from a reactor device and of isotopic changes in the fuel
Giuseppe Levi, Evelyn Foschi, Bo Höistad, Roland Pettersson, Lars Tegnér, Hanno Essén
October 6, 2014
http://amsacta.unibo.it/4084/1/LuganoReportSubmit.pdf

Back in 2013 Torkel Nyberg conjectured that fundamental changes were occurring in the oil market because the testing of Low Energy Nuclear Reaction (LENR) technology had proved positive.

WTI

Why are the producers abandoning their decade long hedging strategy?
Why are the banks selling oil like crazy and at the same time actively acting to stabilize the market, probably in the range $80-$100?
What information do the big banks and big oil use to make these decisions?
Is this information readily available?

Hypothetically:
What if the first customer of Rossi actually is the US Navy?
What if the US Navy know for sure that the 1MW E-cat works (because they have bought several)?
What if they actually knew this even before the first public demo of the E-Cat in January 2011?

Why Are the Big Financial Institutions Selling Oil BIG? – Torkel Nyberg – 7 March 2013
http://oilprice.com/Finance/investing-and-trading-reports/Why-Are-the-Big-Financial-Institutions-Selling-Oil-BIG.html

If Torkel Nyberg’s conjecture was correct then the “big banks” and “big oil” have just made a fortune and the world has entered a major period of geopolitical and economic adjustment.

Large and rapid rises and falls in the price of crude oil have correlated oddly strongly with major geopolitical and economic crisis across the globe. Whether driven by problems for oil exporters or oil importers, the ‘difference this time’ is that, thanks to central bank largesse, money flows faster than ever and everything is more tightly coupled with that flow.

Oil Prices

Jeff Gundlach: “If Oil Drops To $40 The Geopolitical Consequences Could Be Terrifying”
http://www.zerohedge.com/news/2015-01-05/jeff-gundlach-if-oil-drops-40-geopolitical-consequences-could-be-terrifying

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2 Responses to Peak Oil Revisited

  1. A C Osborn says:

    There are those tests, which are still not truly independent and also lots of Patents for similar processes. NASA apears to be designing “things” based on it working and yet there is still no actual proof, or Sales or anything else to give the world real hope.
    Chefio has a couple of posts on LENR and associated energy production, but it all appears to be taking forever to actually produce anyhting concrete.
    Do you think it will happen in the near future?

    • malagabay says:

      The paper on the Bologna University website is very encouraging…
      So encouraging that a company [Industrial Heat] bought the rights…

      Industrial Heat Acquires E-Cat Technology, Opening Commercial LENR Frontier
      Frank Acland – 27 January 2014

      A major development in the story of LENR (low energy nuclear reactions, aka ‘cold fusion’) broke on Friday afternoon from Raleigh, North Carolina, with start-up Industrial Heat, LLC’s announcement via a press release that the company had acquired the rights to Andrea Rossi’s E-Cat technology. The E-Cat is an energy production technology that produces industrial levels of heat through a proprietary LENR system using nickel and hydrogen. E-Cat inventor Andrea Rossi has for a long time stated that he had sold the rights to his technology to a US partner, but has never named them due to confidentiality agreements. This is the first public announcement of his partner’s identity.

      Industrial Heat, LLC is a new company founded by JT Vaughn and Tom Darden (and other unnamed investors), both of private equity firm Cherokee Industrial Partners, also based in Raleigh. For years Cherokee has been in the business of investing in and cleaning up brownfield sites, and has a strong record of commitment to environmentally friendly business practices.
      http://oilprice.com/Alternative-Energy/Nuclear-Power/Industrial-Heat-Acquires-E-Cat-Technology-Opening-Commercial-LENR-Frontier.html

      Last update I found says they are patenting the technology and designs…

      Since acquiring Rossi’s technology, IH has engaged in a broad-based effort to protect it by preparing numerous patent applications related to the core technology as well as associated designs and uses.

      http://www.prnewswire.com/news-releases/industrial-heat-has-acquired-andrea-rossis-e-cat-technology-241853361.html

      So it is looking real enough so far…
      But Wikipedia provides this Settled Science gem.

      The international patent application received an unfavorable international preliminary report on patentability because it was adjudged to “offend against the generally accepted laws of physics and established theories”

      http://en.wikipedia.org/wiki/Energy_Catalyzer

      So only time will tell…

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