The Oil Companies have been selling their Oil Fields for the past two years, since Rossi first demonstrated the his warm E-Cat, the one before the one in this test called the E-Cat HT or High Temperature, the Warm E-Cat produced heating to ~150 degrees centigrade and a customer took delivery of the first 1 Mw research version at the end of last month, it is currently being shipped by the customer to the US.
Do a Google Searches:
“Oil Field” Divest
“Oil Field” Sell
You will find a vast strategic shifts in the oil companies position like these:
Shell has been on a massive divestment strategy on its oil field assets, from Africa to the Far East for the last 12 months, or since Rossi did his first demonstration this time last year.
Other Fossil Fuel companies on a divestment strategy are BP who are selling their stakes in fields in the North Sea, Russia, the Arctic and the Gulf to name but a few and not even batting an eyelid about being refused license to buy future assets in the Gulf.
Even the pipeline parts and refinery companies are joining the rush to divest the fossil fuel business.
Do a Google search for any oil company and the phrase “Oil field” and the words divest or sell.
Some are trying to cover their strategy and the risk by divesting half of the asset others are just cashing in their chips.
This year has been an Oil Field Night of the Long Knives as all the major players have been dumping these soon to be seriously downgraded assets.
The price per barrel dropped 20+ dollars since May.
I expect the real drop to be when the 60 day and 30 Day options on the price per barrel get shorted when the Rossi announcement is about to be made. I expect the price per barrel will drop below 70. Then it will resurge as people realise LENR will not happen overnight. Then Oil and other fossil fuels will go into a long decline with investors on a business decline strategy making money out of the asset stripping and running the oil fields into the ground. Natural Gas will be the longest lived of the Fossil Fuel assets.
Coal might die out out in as little a year and a half as converting coal power plants to use Rossi’s Hot Cat or other LENR tech will be very easy. Oil will be next. Converting all power plants could take a 5 to 7 years but the fact that President Obama changed the Law to allow Combined Heat and Power means that many plants will end up being scrapped before they can convert, as faster cheaper more nimble competitors will create power plants on customers door steps, that provide power at a tenth but theoretically at up to one thousandth of the cost.
All these oil company moves are disguised with explanations like we are buying US Shale Oil instead, yet an examination of US total discovered Oil reserves shows it accounts for less than 1% of the worlds oil, more importantly most of the so called buying is not buying it options to buy 6 months or more from now. All they have done is put a deposit down often as not not even that just a promise to buy if the price of oil remains high enough.
The other big excuse is we are going to use all the money we got from the sales in order to go exploring for new reserves. In other words 10 people in an office will spend a couple of million pondering some maps while the billions from the sale of the worlds Oil Fields remain safe in the bank.
For that is where all that money is now deposited in the bank.
Putting money in the bank like that, and in the case of just BP alone it is over 30 billion at last count, is called Building a War Chest. The others like Shell have far bigger war chests.
So what are the banks doing now that they are awash with money? Well they are building a huge Short position against oil:
And what of Nuclear? And Green Energy well the Nuclear companies have stopped building and will not restart unless a government covers all the costs. The fact that Siemens have have dropped not just all their Nuclear Power plants but also all their attached industries should give you a clue
As for Green Energy Siemens also sold all of their green power industries assets where they were a world leader, including a multi billion dollar project to place their solar cell technology in the Sahara to provide electricity to Europe that they just cancelled like it was nothing despite millions already invested; and that they then went and bought a small marine heat and power plant company in Italy linked to Rossi originally worth a few million but Siemens put in a bid for it of 1.5 billion dollars and were outbid!
Since then Siemens and GE have been on a CHP manufacturing company buying spree. Use Google you will see it is so.
That STMicroelectronics a leader in mobile phone electronics and former owners of Ericsson mobile did a replication of another LENR researcher Celini’s experiment have dropped all that mobile phone technology to manufacture electronics for, would guess, combined heat and power plant?
I could go on filling this thread with masses more evidence, how about the SEC being refused financial data from all the big oil companies, and how about the White House rumours of a secret meeting with Utility company Execs on the 8th of May where they were so incensed that the words they used were ones that cannot be entered in White House Minutes or the later meeting with the rest of the of the power company execs where the White House explained that Federal Government would be going Off Grid, the glum faces at that meeting are a sight to behold, though President is trying to keep straight face.
Buckle in people it is about to get real bumpy!