Sunday, October 16, 2011

So if the world is turned upside down later this month by Mr Rossi's e-cat

This story does not specifically concern Connecticut or New Milford, but since it is the role of the Green Party to be ahead of the curve, to trailblaze issues for others to follow, and since it has the potential to be so important I feel I have to address it.
If Mr Rossi's e-cat cold fusion device is real, it will be a bolt from the blue and will result in the maximum possible disruption to the economy, in contrast to an innovation that is  much anticipated.
1. End of coal mining. Most coal is used in power stations which is the easiest application for this e-cat.
2. End of oil exploration, it will be quickly seen that oil already discovered is adequate for future use.
3. End of most wind and solar power deployment.
4. Collapse in the price of oil and pauperization of oil sheiks as fewer and fewer people need to use it
5. Collapse of new car sales. Who will want to buy a car that uses gas when in few years they can have a car that runs for ever on a teaspoon of nickel powder?
6. Massive overall increase in economic activity and employment as companies engage in a frantic quest to implement this new technology.
7. Political earthquake in that the President will take the credit for the revival of the economy and the states hurt by the end of oil and coal use usually vote Republican.
However this is not a religious matter, we should all be doubting Thomases until it is proven to be real

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