The following is a rebuttal comment made by Walkerig1 ( http://news.cnet.com/8618-17938_105-57562092.html?assetTypeId=12&messageId=13482599 ). It contains some pretty powerful analysis and links that (in my opinion) provide strong evidence of that big shift in the energy market linked to the imminent emergence of LENR onto the energy market.
“I could literally fill this post with links, it is well known in the Oil industry that the major players are on a divestment and diversification strategy. Many are giving various excuses, but when you check them they do not pan out. We are shifting to US based fields is a common one, but when you look they have bought options to consider buying or leases rather than the asset.
That is key no buying only renting. You rent assets when the asset value is about to take a hit.
Shell has been on a massive divestment strategy on its oil field assets, from Africa to the Far East for the last 12 months, or since Rossi did his first demonstration this time last year.
http://www.hydrocarbons-technology.com/news/newsshell-divests-stake-nigerian-oil-asset
Other Fossil Fuel companies on a divestment strategy are BP who are selling their stakes in fields in the North Sea, Russia, the Arctic and the Gulf to name but a few and not even batting an eyelid about being refused license to buy future assets in the Gulf.
http://www.bbc.co.uk/news/business-20527045
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7081129
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7080956
http://indrus.in/articles/2012/11/29/rosneft_and_bp_to_develop_new_arctic_oil_fields_19411.html
Exxon
http://www.foxnews.com/world/2012/11/09/iraqi-official-says-exxon-mobil-is-trying-to-sell-stake-in-major-oil-field-by/
http://www.newsystocks.com/News/4108444/Weak-Demand-Outlook-Forces-Exxon-Mobil–XOM–to-Sell-Its-Japanese-Unit
http://www.reuters.com/article/2012/11/07/us-iraq-exxon-idUSBRE8A60Y420121107
Even the pipeline parts and refinery companies are joining the rush to divest the fossil fuel business.
http://dcnonl.com/nw/32627/cb
http://online.wsj.com/article/SB10001424127887323830404578145611979409082.html?mod=googlenews_wsj
Do a Google search for any oil company and the phrase “Oil field” and the words divest or sell.
http://www.digitaljournal.com/pr/536428
Some are trying to cover their strategy and the risk by divesting half of the asset others are just cashing in their chips.
http://in.reuters.com/article/2010/03/25/us-conoco-lukoil-idINTRE62N43M20100325
This year has been an Oil Field Night of the Long Knives as all the major players have been dumping these soon to be seriously downgraded assets.
The price per barrel dropped 20+ dollars since May.
I expect the real drop to be when the 60 day and 30 Day options on the price per barrel get shorted when the Rossi announcement is about to be made. I expect the price per barrel will drop below 70. Then it will resurge as people realize LENR will not happen overnight. Then Oil and other fossil fuels will go into a long decline with investors on a business decline strategy making money out of the asset stripping and running the oil fields into the ground. Natural Gas will be the longest lived of the Fossil Fuel assets.
Coal might die out out in as little a year and a half as converting coal power plants to use Rossi’s Hot Cat or other LENR tech will be very easy. Oil will be next. Converting all power plants could take a 5 to 7 years but the fact that President Obama changed the Law to allow Combined Heat and Power means that many plants will end up being scrapped before they can convert, as faster cheaper more nimble competitors will create power plants on customers door steps, that provide power at a tenth but theoretically at up to one thousandth of the cost.
Buckle in people it is about to get real bumpy!”
The most common alternative explanation of the big shift in the energy market (that I hope you accept as happening) is fracking and the abundance of natural gas. It is common to explain any know phenomena using a known and accepted narrative (for instance explaining a recent downturn in the stock market as being because of the “fiscal cliff debate”). Yet, when I watch the news I don’t see upward movement of the stock market ever being cited as counter-evidence of that explanation. What I am trying to say is that the known big shift in the energy market can (in my opinion) be more easily and completely explained as the imminent emergence of LENR, than for any other explanation (like “shifting to US based fields”).
I am patiently waiting for the hotcat third-party report to come out next month – 200 pages as promised.
follow also Defkalion.
and Brillouin.
They are not so late. especially Defkalion, which is IMHO in advance, but it is my feeling as engineer.
Brillouin is silent, but it is absolutely logic if they are still engineering… It is possible that they are in advance of even Defkalion…
And look in China, in japan… If Defkalion have build in 5 month an innovative reactor technology, based on a different technology from all others experiments (neither electrolysis like F&P, not electrolysis glow discharge like Mizuno, nor gas permeation like NASA, nor thermal shock like Rossi/Celani/Pinatelli/Focardi, but hot gas discharge ), with just a few researchers re-reading the archive of cold fusion, imagine what a serious corp (once abandonning bad habits) could do…
The only other innovative design seems Brillouin, which seems to explain/share some Defkalion key designs.
Handsome is as handsome does. Watch his hands! Forget about the patter that comes from his lips.
And just what is handsome doing?
He is getting out of chemical energy. The stakes are incredibly high. Think geopolitics. Climate catastrophe. 10 units of energy makes 1 unit of food.
And then we have Mitsubishi transmuting elements. What is the value of Gold when it can be manufactured?
We either seize the Void or we plunge into it.
To me this is the good oil. The bad oil has had it’s day.
Re posting this here:
Rebuttal to post realisation arguments that Oil company divestment in Oil Fields round the world is taking place, but that there is an alternative explanation to LENR the cause I present the following argument.
1: The amounts that Shell and others are buying in the US do not cover what they have sold elsewhere in the world, and most of it is not buying it is Renting on Lease or Options.
2: The fracking argument does no hold water. You do not drive cars on Natural Gas. Converting them too natural gas would need a massive infrastructure change as well as converting cars.
3: Further on fracking the amount of reserves provided is only expected to be 40% of US requirements.
4: These oil companies are multi national they are not just selling to the US market. The US market argument does not hold water for supplying the Europe or Japan, are people really saying that these multinationals are pulling out of everywhere but the American market? I think the vernacular is Get Real!
5: As I many others keep pointing out. LENR will not take over the market overnight. It will take many years. It does however mean the asset value of Oil Fields take a hit! This because the Oil fields were originally assets that lasted several decades, to be steadily milked for all they were worth. Now they have perhaps a decade at most left. So they are about to loose a third to a half of their long term value.
Oil Fields were an appreciating asset, because because we have passed Peak Oil hence Oil Prices per barrel were rising. This meant that oil fields were run conservatively so as to squeeze every last drop out of them. That is until last year when the full implication of Rossi’s September 2011 announcement and demonstration took place. Shell Jumped back in September others followed and by May it was having an effect on the market as the price per barrel started to drop.
So In conclusion I would argue that any buying or leasing in the US is small and that it is sufficient to cover the changeover period as the US shifts to LENR.
Kind Regards walker
Oh By the way the Oil Companies will get back into owning oil fields after the Asset value has been dropped! That is after all where they have experience. This is all about the Oil Companies letting some dupe who has not got their ear to the ground take the hit for them. Caveat Emptor. It will be presented as supporting the economy or some such drivel.
Nice image to share.
http://en.wikipedia.org/wiki/File:LENR_versus_Physics_color_de.png
WHO WILL BE THE LOSERS LEFT HOLDING THE BAG?
Many institutions are heavily invested in carbon… large retirement funds, unions, school districts, states and fed employee funds, as well as non-profit foundations. Losses in the carbon energy sector could be devastating to these organizations. If you are part of one, or even if you aren’t, this information could be crucial to the fund managers! A whole lotta individuals could be hurt as well. Every fund manager and stock adviser should look into this now, not later.
Yeah Greg, the mainstream media will keep things quiet until their buddies have completely unloaded their increasingly worthless assets.
Interesting to note that giant BP with the sale of its Texas City refinery, has now divested itself of $$35BILLION in oil and gas assets over the last two years (2010 – start w/ DeepWater disaster.)
http://dealbook.nytimes.com/2012/10/08/bp-to-sell-texas-city-refinery-to-marathon-petroleum/
BP purchased refiner AMOCO and its Texas City refinery in 1998. AMOCO proved excess heat in LENR experiments in the early 1990s.
I dug this up from my memory… saw it 6 months ago. The oil industry leaders are certainly on to LENR and making adjustments.
News
As published in the July 2012 issue of The Journal of Petroleum Technology, the official magazine of Society of Petroleum Engineers.
On the Precipice Of a New Energy Source?
Journal of Petroleum Technology ^ | July 2012 | Steve Jacobs, COO, and Patrick Leach, CEO, Decision Strategies
“So what can be done to prepare for LENR? First, watch it closely and do not let skepticism blind you. When the Wright Brothers flew their first plane at Kitty Hawk, North Carolina, the scientific community reportedly argued for years after the fact over whether a heavier-than-air craft could actually fly. Even the most obvious evidence was not enough to make some people abandon their preconceived notions of what was possible. Drake had to battle similar skepticism when he drilled the first oil well; many people in Pennsylvania called it “Drake’s Folly.”
It is also important to evaluate the specific impact that LENR would have on an individual company. How well positioned is your company to weather such a disruptive storm, or to capitalize on these potential opportunities? If LENR becomes a reality, you do not want to fly blindly into the side of a mountain. Investigate creative ways for your company to participate in the LENR market.While this new technology will be disruptive to a number of industries, there will also be business opportunities in the manufacturing, installation, and servicing of LENR systems in multiple applications and sizes around the globe. Millions of LENR units of varying sizes will be required because of the distributed nature of this energy technology.”
http://www.decisionstrategies.com/news/LENR
Great article !
In the future, similarly, the EHV (100KV+) and MV cable manufacturing sector will also be affected as the energy production (heat and electricity) will become more and more localized at LV level (e.g. 1 or 2 MW HotCat/E-Cat plans inside your factory, providing most power required for its operation) . Transmission loss will be very minimal.
Sweet Dreams and Good Morning
Any time
I find my way back to poetry,
I know that healing has begun.
Is well underway, in fact.
Through the night we held the hand of darkness with tenderness
Because there exists in words the danger
Of the ‘too many’
And the ‘too few’.
Understanding is all that matters.
This is why there is a special language for the heart.
It is poetry and only poetry the heart can trust.
Poetry is not the words but that which inspires the heart to stillness
or to sing like the first birds, who notice and celebrate at just the right
moment that we are between and now.
So, when the dawn arrived in her delicate miracle, the garbage trucks
synchronized between you and me,
declared in their blunt manner,
“I’M HERE TO COLLECT THE GARBAGE. TOO LATE TO CHANGE YOUR
MIND.”
Matter of factly, they hauled away the ‘too many’ and the ‘too few’
to The Dump; a no-frills graveyard for things past.
Night whispers gratitude for your patience as she drifts away, satisfied.
And the day, like a loving farm wife preparing homemade biscuits and jam,
serves poetry for breakfast.
Sweet Dreams
And
Good Morning.
CherieBlackfeather2010
You need to do more research. They are actually building more oil rigs and platforms in the gulf. I know because I work in the gulf. Leasing out platforms is very common and not at all a shift from the norm. Trust me no one is waiting for Rossi’s big bomb drop.
Hi all
With respect Ryan w Locke.
The total amount of Gulf Reserves is just a spit in the ocean compared to what the Big Oil Giants have sold round the world in the last year. And these multinationals are not interested in America, it is only one of their customers.
When people see large figures in oil they get messmerised by them. To understand them properly you need to see them in relation to others
the total proven Oil Reserves for the whole of the US not just the small amount in the Gulf is 20,680,000,000 Barrels
the total proven Oil Reserves of Kazakhstan; that Shell just sold its share in is 30,000,000,000 Barrels
the total proven Oil Reserves of Nigeria; that Shell just sold its share in is 37,200,000,000 Barrels
the total proven Oil Reserves of Russia; that BP and Conoco just sold its share in is 60,000,000,000 Barrels
I could go on but here have a look for your self.
http://www.indexmundi.com/g/r.aspx?t=0&v=97&l=en
The total value of US oil reserves does not even remotely aproach the asset value these Multinationals have sold this year round the world. So they are not by any stretch of the imagination replacing what they have sold and need in order to supply increasing world demand.
They are selling the asset then leasing because they know the asset is about to take a massive hit. Once the asset price has taken the hit, and the dupes who bought them are bankrupt, they will step back in to reacquire those asset at the new market price, with all that cash they just made by selling the assets and they will do so at a vast profit.
As I made clear LENR will not kill off oil overnight but the anouncment will wipe out its long term value and that is why the Oil giants are trying to quietly sell it off before the storm.
The Oil giants will be back buying and selling oil afterwards. There will be a bunch of shorting oil just before the storm, that is what to watch for.
Kind Regards walker
Financial cycles and value are trendy. LENR will be embraced by all the talking heads and it will have a dramatic effect upon the market value of energy assets as the herd readjusts their portfolios. There has been some talk about demonstrations, third-party evaluations, and innovative designs, but in the end it will be as Rossi said: the time for words is over. When a concrete LENR product is introduced onto the market openly, then all the leading media sources will start running with the story, and you will see a positive feedback loop of devaluation of conventional energy assets, dumping/selling of those assets, and further devaluation of those assets. I know this will occur, and what we are seeing now is a potential tell (or a leading indicator) of that mega-trend toward LENR and away from conventional energy. I said it once, and I’ll say it again: Walker, you the man!
Really liked what you had to say in your post, Is it finally happening?? Supporting evidence for a big shift in the energy market caused by LENR!! | COLD FUSION NOW!, thanks for the good read!
— Carlos
http://www.terrazoa.com
Ah it appears the penny has dropped in Russia.
With the sudden realisation they have been left holding the bag.
http://en.ria.ru/business/20130129/179108381.html
Ditto Nigeria
http://www.businessdayonline.com/NG/index.php/oil/50522-79-per-barrel-oil-price-may-pose-risk-to-inflation-objectives-sanusi
The realisation that Oil could now drop below $70 and they will go bankrupt.
Why did these countries not ask why the big oil companies were selling them their oil back at cut prices. Did they really think the Total oil reserves of the US which do not amount to 1% of the world reserves could cover the drop in supply? Did they get fooled by the by the Shale Gas hype? Could they not work out that you cannot convert the worlds cars to Natural Gas overnight and the US supply was only 40% of its own Requirements?
It appears the Short selling has already started and the Saudis are artificially supporting the current price, apparently they also are not aware of what is about to happen.