It’s coming upon us like a freight
train, and our entire scientific and governmental community seems
“Same ol’ same oh” seems to be all
they can conceive.
I can place an electret on a
permanent magnet lying on the table, with the E and H fields
orthogonal, and that silly two-dollar thing will sit there and pour
out real Poynting energy flow S, given by S = E X H, essentially till
the end of time. We can evoke such a cheap, clean free energy flow
anywhere, anytime, for peanuts.
And yet our sad old electrical
engineering still refuses to restore those asymmetric Maxwellian
systems that Lorentz arbitrarily tossed out in 1892 – and it requires
an asymmetric system to tap that free energy flow and use it to freely
power our loads.
Instead of working the
cotton-picking problem, the entire power industry continues with the
same old tired junk. And even though we’ve had group theory in our
universities since 1870, we don’t seem to have a single electric power
leader who is capable of doing a simple group theory analysis to show
the horrible ramifications of that stupid, stupid, stupid action of
deliberately maintaining an EE model that includes only asymmetric
So in what has to be one of the
most ignorant and stupid catastrophes of all time, our vaunted
scientific community continues to support flat lies and falsities
taught to all our electrical engineers.
Tesla had it right when he
Hertz wave theory of wireless transmission may be kept up for a
while, but I do not hesitate
to say that in a short
time it will be recognized as one of the most remarkable and
of the scientific mind which has ever been recorded in history."
[Nikola Tesla, "The True Wireless,” Electrical Experimenter,
So our scientific community seems
absolutely determined to take the
Western Civilization) right down the toilet.
It’s easy to fix the “available of
energy” problem – and provide all you want, anywhere, anytime, cheaply
and cleanly – but it’s impossible to “fix stupidity”.
May 23, 2008
New Fears on Long-Term Global Oil
GRAHAM BOWLEY and DAVID JOLLY
Worries that world oil demand will outstrip global supplies
intensified on Thursday, sending ripples through the global economy
as oil prices leaped above $135, a new record high.
The price spike occurred overnight, and by Thursday morning oil had
fallen back slightly to $132.87, down 30 cents from its close on
But the leap capped a rally that has seen oil rise nearly $5 a
barrel in two days, underscoring the dire implications of the
current price run-up for businesses across the globe.
Ford Motor Company, the American auto manufacturer, said on
Thursday it would cut vehicle production for the rest of this year
and fall short of reaching profitability in 2009, a long-held
company goal. In a statement, a top Ford executive said rising
gasoline prices “are having a tremendous impact on our sales, our
manufacturing operations and our profitability.”
Europe’s biggest airline,
Air France-KLM, warned of a profound reshaping of the world
airline industry caused by what it called the “explosion” in the
price of oil. And
American Airlines said on Wednesday that it would slash flights
and begin charging passengers to check bags, part of a company
effort to cut costs in the face of skyrocketing fuel prices.
Gas prices are nearing $4 a gallon in the
partially as a result of a 39 percent rise in oil futures prices on
New York Mercantile Exchange since the beginning of the year.
Oil prices have more than quadrupled since 2003.
Thursday’s price gains came after a series of unsettling reports
about supplies. The International Energy Agency warned about
difficulties in expanding production.
On Wednesday, weaker-than-expected weekly inventory data in the
stoked fresh worries over oil supplies in the world’s biggest
economy, sending oil prices up $4.19 a barrel on the day.
The latest supply worries arose after reports Thursday that the
International Energy Agency, based in
Paris, was considering
reducing its assessment of the long-term world supply of crude oil
after a study of depletion rates at the world’s 400 biggest fields.
“Clearly this is the issue we have had for a while of an increased
deficit in consumption versus production,” said John Kilduff, energy
MF Global in
New York. “That’s
produced this creep up in the rise in oil prices. The market gets
hit on a daily basis.”
The energy agency has long forecast a slow but steady increase in
production that would keep pace with demand. Output was projected to
reach 116 million barrels a day in 2030, from 87 million barrels a
“We are conducting a major study,” Fatih Birol, the agency’s chief
economist, said in an interview Thursday, “and we are going to
revise our oil supply prospects.”
“We don’t know the results yet,” he added, which will be conducted
“project by project and field by field.”
“But there are difficulties in expanding production,” he said, and
the World Energy Outlook 2008 — which will be published in November
— will take that into account. The I.E.A. has expressed concerns for
some time that the growth of new supplies may not keep pace with
demand as oil companies struggle to find new sources of oil.
There are considerable signs of speculative froth in the market.
Michael Masters, a portfolio manager at Masters Capital Management,
testified Tuesday to a Senate committee that while the most common
explanation given for rising oil prices is the increased demand for
oil from China.
But he cited data showing that the increase in demand from index
speculators over the past five years is almost equal to the increase
in demand from
Separately Thursday, Air France-KLM warned of a profound reshaping
of the global airline industry caused by what it called the
“explosion” in the price of oil.
The data on Wednesday, from the Energy Department, showed that
commercial inventories of crude oil in the
fell more than five million barrels last week; analysts had expected
a modest increase. Gasoline inventories also fell last week.
The fall in inventories added to worries about oil supplies in the
ahead of the busy summer driving season when demand usually rises,
The massive earthquake last week in
China has also
been weighing on markets, Mr. Kilduff said. It has deepened the
fears about global supply because the Chinese authorities are now
diverting energy supplies for their own needs.
has reacted by holding supplies off the international market,” he
said. “We also saw them make a major purchase on the world market.”
He said a number of
plants had been temporarily shut down, which meant the country would
start to increase its demand for diesel.
He said that the latest reports meant he would likely raise his
forecast for the future oil price. “We are going to raise that.
Clearly now the medium term favors a price of above $140,” he said.
With crude oil prices passing $130 a barrel, a rise of more than 100
percent in a year, the business model airlines adopted a decade ago
has been thrown into question. The International Air Transport
Association said May 2 that growth in international traffic was
slowing, and that “the fortunes of the industry have taken a major
turn for the worse.”
“Things are moving very quickly,” Jean-Cyril Spinetta, the chief
executive of Air France-KLM, told reporters Thursday before the
company announced its first quarterly loss in five years.
Caroline Brothers and Michael Grynbaum contributed reporting.