With the recent Obama announcement of proposed regulations to limit greenhouse gases, one side of the fossil fuel pyramid is eroding.
Coal. The most commonly used fuel to feed America’s electrical power plants will now face a limited demand. In part, because the use of cheap natural gas supplies and in part because of looming new federal regulations.
Coal accounts for 28 percent of the greenhouse gasses produced in our country because of its use in the generation of electricity.
On Monday, in coincidence with Obama’s pledge to reduce the pollution from Coal fired electrical production, Alpha Natural Resources of Wyoming, one of the largest coal producers, had filed for Chapter 11 protection.
Does this flag the pending doom of one of the pillars of fossil fuel usage?
Is this also linked to the last years drop in oil prices?
Is all of the above related to a yet, unseen force directing away from the archaic use of fossil for energy production? Because of what – Solar?
What else could be creating this tide of change?
Didn’t all the experts in financial circles predict that the Chinese markets for coal and oil will expand forever?
A few years ago, the so called “experts”, again, were forecasting the “Peak Oil” crisis. We were all going to experience the ever increasing costs of fuel because of the scarcity of the commodity. This huge market was climbing out of their poverty into the land of industrialization and they were going to consume vast amount of the stuff.
All BS – apparently.
Something had dramatically turned the tables on all these forecasts and I can’t believe that its renewables. I don’t think anyone with even a limited knowledge of markets can believe that line of reasoning.
What has put such a huge chink in the armor of fossil?
Could it be that some of the insiders, the really BIG insiders, know something about the recent break-outs in technology of cold fusion/LENR?
I believe that they do and its effect is beginning to take hold. Just look for yourselves.
Replication of the LENR effect first proclaimed by Andrea Rossi is now being duplicated in many laboratories around the world.
There have been announcements of new corporations forming to push this technology forward.
Patent applications in the field of LENR or cold fusion technology are being applied for.
It’s somewhat different realization then what we had first hoped for - but it is happening.
LENR is becoming accepted as real and may be our best bet for the future.
LENR is not only for our future prosperity but also for our continued existence.