1. The Cost of Oil

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

James 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.

Greenland 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 Energy

Energy 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

A revolutionary new technology, GENIE™ (Generating Electricity by Nondestructive Interference of Energy) is being developed at Magnetic Power, Inc. (MPI).

MPI has 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 scientific belief."

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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