Time for a "Triple
Play": Reduce Oil Prices and Dependence
on Fossil Fuels, while Meeting the Growing Demand for Electric Power
1. The Cost of Oil
prices are climbing towards $100/barrel. In two years there will be one billion
automotive vehicles worldwide. If current trends continue, by 2030 world oil
supply, projected to be 70 Million barrels per day, will fall far short of the
estimated daily demand. The projected shortfall of 50 Million barrels
of oil per day will drive fuel costs far
beyond tenable levels. The world will see more wars, such as the one we are
waging in Iraq,
unless a path is opened that can dramatically reduce demand.
2. Fossil Fuels and Global Warming
Hansen at NASA Goddard speaks for many scientists, stating that we must dramatically
reduce the use of fossil fuels in less than a decade to avoid life threatening
catastrophe. The Intergovernmental Panel on Climate Change, that shared the
2007 Nobel Peace Prize with Al Gore, concluded that drastic shifts are
happening much more rapidly than earlier predicted. It seems that by 2050, one
billion Asians will lack enough water and up to six hundred million people will
suffer climate induced hunger. As the average global temperature increases,
each 1 degree Celsius rise deprives between 400 million and 1.7 billion people
of sufficient water.
now loses more ice each year than all the ice in the Alps.
"…the process is running faster than the models," said Konrad
Steffen, at the University of Colorado at Boulder, a
Greenland expert who serves as a U.S. government advisor on abrupt
climate change. "It is scary," said Steffen. Not only in Greenland, but
in Antarctica and elsewhere there is massive melting of ice. More than 180 nations have
coastal areas at risk. Two-thirds of them have over 5 million people under
threat of serious flooding. Included are cities such as New
York, London, Miami,
Shanghai and Tokyo.
3. The World’s Huge Appetite for
consumption is at the core of human existence. It virtually controls what we eat, how we live,
where we go, how we are entertained, our health, knowledge, defense and
exploration. The world's demand for energy is surging.
The International Energy Outlook 2006, by the U.S.
Department of Energy, forecasts electricity use will grow by an average of 2
percent per year worldwide and almost twice as rapidly in the developing world.
Robust economic growth in many developing nations is expected to boost demand
for electricity for air conditioning, cooking, space and water heating, and
refrigeration. Global energy consumption is projected to increase by 71% from
2003 to 2030. We need
to accelerate development of cost-effective, sustainable, alternatives.
The Triple Play
revolutionary new technology, GENIE™ (Generating Electricity by Nondestructive
Interference of Energy) is being developed at Magnetic Power, Inc. (MPI).
dedicated more than 20 years of research and development into exploring
breakthrough technologies. To reverse the trends discussed above MPI
envisions a technological revolution, developed commercially, that has limited impact on
available planetary resources. GENIE is projected to be
easy to manufacture and use, as
well as inexpensive, thus capable of rapidly achieving global impact.
Based upon proprietary breakthrough
discoveries in MPI's labs, GENIE generators are being designed
operate continuously, without fuel, extracting electricity by converting an
energy source that exists everywhere in the universe. This process create no pollution. The cost of electricity
is estimated to be significantly less than any competing form of power
generation, today or in the foreseeable future.
GENIE generators with no
moving parts can be made in many of the world's electronics factories.
Household units will produce power 24/7. Larger units will replace automobile
engines. GENIE will eliminate any need for fuel to run a vehicle. It can also
allow future cars to become income producing power plants when parked.
GENIE is a magnetic
device. Nobel physicist Werner Heisenberg once stated: "We could utilize
magnetism as an energy source". Hans Coler demonstrated a 6 Kilowatt,
solid-state, magnetic "space energy receiver" in Germany during 1937. It was
destroyed by an Allied bomb during WWII. The invention was confirmed by British
Intelligence after the War. However, at the time, there was no comprehension as
to the source of the energy. Coler wrote: "These fundamental
researches…have made the first real and large breach in the citadel of present
Advanced GENIE prototypes
are currently being constructed by MPI. Lee Felsenstein, EE, evaluated an early
proof-of-concept prototype. He felt it to be analogous to the first examples of
the transistor, which eventually led to a Nobel Prize and the creation of Silicon Valley (and similar high-tech complexes
throughout the world).
A near-term MPI goal is a
1 kW self-sustaining generator perhaps 5"x5"x16" in size.
In 2008, a plug-in hybrid car, with a pair of these 1,000 watt GENIE
prototypes, is expected to demonstrate that a connection to the grid is not
necessary in order to recharge the battery. That will herald the beginning of
an end to the need for fuel.
The urgent need is for an emergency changeover, in less
than a decade, from burning fuel, to widespread use
of new sources of energy that eliminate the need for fossil fuels. The Triple
Play made possible by GENIE makes that a practical goal. We applaud all efforts
to replace oil and reduce greenhouse gases. However, nothing short of
revolutionary new technology can act fast enough to save millions of lives.
Scientists may express skepticism, since the energy source is not yet
widely understood. Acceptance will come when one sits on a desk in front of
them and produces electricity. MPI is developing Demonstration Devices and
toys. Young people with open minds will probably teach their parents how they
function. This Triple Play can and will accelerate, as rapidly as the required
funding will allow.
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