How LENR will Affect Strategic Sectors of the Economy Such as Energy
The commercialization of low energy nuclear reaction (LENR) or cold fusion will have a profound effect on many sectors of the economy and many industries. This effect will be seen in some segments of the economy before others. So where will LENR’s effects first be felt? In the sectors below.
Electricity Production and Coal
One of the first sectors to be impacted by cold fusion would be electricity production. Robert Godes the President of Brillouin has predicted that his company’s LENR boiler technology could replace coal burning boilers in power plants in a few years. This would be a sea change in energy use it if it takes place. Around 71% of the electricity in China alone is produced by burning coal.
The big impact here would be on the coal industry because the primary use for coal is electricity production. Widespread use of LENR would lead to the collapse of the coal industry. It’d also have a huge impact on the railroads in the United States because the shipment of coal is one of the main uses for rail. Expect to see massive disruptions in the economy because of this. One benefit would be that more railroad tracks would be opened up for passenger and commuter use.
Two US states that could be thrown into depression by the adoption of LENR would be Wyoming and West Virginia where coal mining is one of the main industries. Also hurt would be the nation of Indonesia which is one of the world’s largest coal producers.
A benefit average people might notice would be lower electricity bills. Since power companies wouldn’t have to spend so much on coal and the infrastructure that supports it they could conceivably reduce prices.
Brillouin and Andrea Rossi’s Leonardo Corporation could benefit because both companies are working on cold fusion boilers hot enough to generate steam for power plants.
Natural Gas and Propane
The impact here could be significant because natural gas is the main heating fuel in Europe and North America. Most Americans heat their homes and heat water with it. The replacement of natural gas with LENR wouldn’t be as fast as some people think because natural gas is still fairly cheap. Many people would wait until their existing water heaters or furnaces wore out to replace them.
The big impact would be on propane use because propane is very expensive. Propane users would have more of an incentive to switch to LENR. Since many propane users live in rural areas where there’s no natural gas they’d have more incentive to switch. The disappearance of the propane business would be one of the major effects of the advent of LENR.
Expect to see a major contraction of the natural gas and propane industries as a result of LENR. One side effect of this could be that more natural gas will be available as a vehicle fuel which could make more natural gas powered cars more popular. A beneficiary here would be Defkalion which claims to have a working LENR home heating unit.
LENR would reduce the cost of many consumer products by reducing energy costs. Utilities would have lower electricity costs which they could pass onto manufacturers. Manufacturers could pass that cost onto consumers. Industries that need large amounts of heat such as food processing and oil refineries could also adopt LENR and pass the savings onto consumers. Companies would pass the savings on because they want to be competitive. Expect to see lower food prices as a result of LENR once it is adopted.
If the price of electricity falls substantially expect to see many more electric powered vehicles around. There would be more electric cars especially if people could power vehicles from home LENR units. In addition to cars many commercial vehicles such as trucks, buses and taxi cabs would switch to electricity. Electric powered heavy equipment such as bulldozers and power shovels might become common place because electricity would be far cheaper than diesel fuel.
One company that could benefit from this will be Kresenn which is planning to license Francesco Celani’s LENR technology for small power nits.
Another benefit would be more electric powered trains because electricity would become cheaper. Railroads would be in a better position to build their own power plants near the tracks. More cities would be able to install light rail and other electric powered public transportation systems because they would be able to install their own power plants.
The effect on oil will be gradual because its use is so widespread. It would take several years for LENR generators to become widely available and several more years for manufacturers to mass produce electric vehicles to take advantage of them. That means oil use wouldn’t fall as fast as coal use. Oil prices might fall because oil that is now burned to generate electricity in countries like Saudi Arabia would be turned into gasoline or diesel fuel instead. That means average people might pay lower prices at the pump because the gasoline supply will increase.
The widespread use of electric cars and the eventual use of LENR powered vehicles might eventually lower demand for oil. There would still be a lot of demand for oil though for such uses as plastics and pesticides which would conceivably get cheaper as demand for oil for fuel fell.
The successful commercialization of LENR will be the end of the so-called green energy revolution. The demand for green technologies such as solar panels and wind generators will collapse. The rationale behind green technology will be gone because a truly nonpolluting power source will be available. There is simply no way that such companies would be able to compete with LENR.
This energy revolution would take quite some time probably ten to fifteen years but its effects will be profound because the world’s energy sector will be changed beyond belief. The main change that average people will notice will be energy that is far cheaper.
- implications of fusion on economy