
07-07-2012, 11:22 AM
|
| Senior Member | | Join Date: Aug 2007
Posts: 1,106
| |
From the July issue of Journal of Petroleum Technology, “ On the Precipice of a New Energy Source”: Quote:
In the late 1850s, the whaling industry was in a veritable boom in the town of Lahaina on the Hawaiian island of Maui. Business was great and many in the whaling industry believed that increased demand would continue for decades to come. But in 1859 oil was discovered in Titusville, Pennsylvania by Edwin Drake. The rest is history.
That was 150 years ago. A small but increasing number of people around the world believe we are on a similar course, except that this time it is the petroleum industry that might be threatened.
| Quote: |
If proven to work, what impact would LENR have on the petroleum industry? It is difficult to say for certain, but it would undoubtedly be significant. The vast preponderance of oil is used for transportation and heating which would now be competing with LENR. While there would still be need for petroleum chemicals and other applications, collectively these end uses represent less than about 20% of each barrel. Natural gas would not fare much better; its main applications are heating and electricity. If LENR works the impact on the petroleum industry, power generation and coal industry would be enormous.
| |