In regards to George1's statement concerning economics.....BOY!! That's a mouthful.Ponder for a moment if some whizbang invented a source of free, endless energy. Like a contraption you could put in your backyard. What would the endresults be?
I have read some about Nicolai Tesla. Some have heard of him,others have not. In my reading of him, and correct me if I'm wrong, was one of the frontiersmen in the electrical energy world. The great debate was on, should the grid system be powered with A/C current or D/C? It's my understanding that ultimately A/C won do to the smaller dangers in A/C. Tesla invented a way of voice communications where the earth itself was used as a conductor for voice data. No infrastructure, just plug your telephone into the ground for example.
We would never have had a MaBell if this were possible. Hence my model of earlier..."Free energy contraption" in your back yard. No more electric utility companies.Think of the economic infrastructure collapse.
The tesla coil just happens to produce D/C electricity, with no fuel needed, and no moving parts.Build one and it will operate indefinitely.
Many people do not understand the recent financial history ( when I say recent, I speak of the last 60 or so years) of the American dollar, the petro-dollar and the barrel of oil.
In the 1940's and early 50's a huge oil reserve was discovered in Saudi Arabia. Saudi Arabia did not have the ability or wherewithall to develope this oil field. Now to remain politically correct I will only use the guy's first name, and you may be able to figure out who I speak of. He speaks with a foreign accent is still an advisor to current administrations today.His name is Hank.
Hank took a trip to Saudi Arabia, and made a deal with the leaders. The deal went something like this....
"Since you guys dont have the ability, to develope your oil industry, we will do it for you, and we will pay you for your oil. The only thing you must do, is to only accept American dollars for the oil."
The deal was made, that was the birth of the American dollar being the "world reserve currency", and the birth of the Petro dollar. The Petro dollar is based upon American dollars.This is the implication. If you are a non oil producing nation, and wish to buy oil from OPEC, you must be able to convert your nations currency, into American dollars before you can go to the checkout at the oil store.
Now it is my understanding that it is a matter of congressional record, that vast oil fields have been found on American soil. The Dakotas and at Prudo Bay, that make the Saudi oil fields look small.
This leads me to believe that oil is merely a controlled commodity. If these vast oil fields were to be opened free flow, the value of oil would plummet, so would the value of the American dollar.And with the destruction of the American dollar...........the possibilities are endless.
Oil and natural gas are possibly finite, energy is not. Energy cannot be created or destroyed.
Last edited by JamesBryan; 11/03/11 03:59 PM.
