The denial of the permit…
Oil prices retreated on Tuesday…
Back in 1989 two of the greatest electrochemists in the world, Stanley Pons and Martin Fleischmann, mad a remarkable announcement. They had witnessed low energy nuclear reactions (LENR) at an atomic level, which generated excess heat. It was the first ever account of cold fusion, a third type of nuclear reaction after fission and fusion.
However, Pons and Fleishman could not consistently reproduce their results, and this led to the rejection of cold fusion, the discrediting of the two scientists by the general scientific community.
Cold fusion became a complete dead end. Two different Department of Energy panels dismissed cold fusion theories and recommended against creating a program to study it. No one would risk putting major funding into any research projects, and no reputable scientists were willing to risk their reputations by pursuing a science that many considered equal to alchemy.
However, following recent LENR demonstrations at reputable institutions such as MIT, the University of Missouri, and the University of Bologna, as well as presentations by the world's largest instrument companies, National Instruments, a report by the European Commission's research and development centre that suggests LENR has its place in the future of renewable energy, and most impressively of all, the fact that NASA is interested and reportedly filed two LENR patents last year; serious companies are now considering the possibilities of LENR and investing in certain research projects. There are rumours that Boeing is working with NASA to test LENR powered aircraft.
The promise of discovering a clean, green, safe, and (due to the fact that it is fuelled by the most abundant metal and gas on the planet, nickel and hydrogen) cheap renewable energy source is causing many investors and scientists to overcome their previous reluctance and enter the field.
I am not saying that the companies such as Boeing or National Instruments, or agencies such as NASA, the US Navy, or the DOE will publically admit to spending large amounts on cold fusion research. In fact the Navy had to shut down its LENR research in California after a news report attracted unwanted public attention.
By. James Burgess of Oilprice.com
James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…