Energy Independence is in the Air! And Might Lower Oil Prices!
The Self Powered Systems™ the firm is
bringing to market, include a revolutionary, patent pending,
technology, which converts ambient heat into electricity. This
non-magnetic breakthrough has the potential to go to production in the
near future. The system has proven capability to recharge batteries
from heat extracted from the air; an alternative to the need to
plug-in. This technology can give electric cars unlimited range, as
well as turn them into future power plants that may pay for themselves.
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Now here is the good news. Any policy that causes the expected future
oil price to fall can cause the current price to fall, or to rise less
than it would otherwise do. In other words, it is possible to bring
down today's price of oil with policies that will have their physical
impact on oil demand or supply only in the future.
Any steps that can be taken now to ... reduce the future demand for oil
in the U.S. or elsewhere, can ... lead both to lower prices... today.
Martin Feldstein, chairman of the Council of Economic Advisers under
President Reagan, is a professor at Harvard. These extracts are from
his article: We Can Lower Oil Prices Now. It appeared in the The Wall
Street Journal, July 1st, 2008
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MPI is also developing breakthrough magnetic energy technologies including POWERGENIE™ (Power Generation of Electricity by Nondestructive Interference of Energy). Based upon proprietary discoveries in MPI’s labs, generators are being designed that operate
continuously, without fuel, extracting electricity by converting an
abundant, renewable, extremely dense, energy source that has never
before been commercialized. The process will create
no pollution. Variations will provide a permanent power supply that can
eventually replace the need for batteries of all sizes. Conventional
power costs are rising. The cost of electricity from these technologies
promises to be less than any competing form of power generation today,
or in the foreseeable future.
These technologies will be
scaled to a wide range of applications. These include the relatively
small power needs of consumer devices. They can turn future cars into
decentralized power plants. Fabrication of these remarkable generators can readily be achieved worldwide...
Full article: http://www.renewableenergyworld.com/rea/partner/story?cid=7763&id=52983
