a.ashfield <a.ashfi...@verizon.net> wrote:
> It will take a longer than you suppose for LENR to take over. There will > be a market for gas for decades yet. > But it will be in a steep decline, with producers desperate to sell of their inventory. It took a long while for automobiles and airplanes to wipe out passenger train service. That happened from around 1920 to 1965. But the industry was in decline the whole time, with intermittent crises. In the 1930s the government had to take over the railroad pension system. In the end the Pennsylvania Railroad, went bankrupt. In 1900 that had been largest, most politically powerful corporation on earth. That power availed them nothing once the technology became obsolete. Ocean liner service declined more rapidly from 1945 to 1960. Like the passenger railroads, this was not an industry you would want to invest in, or work for. It was a fiscal disaster. All conventional energy sources such as oil, coal, wind and nuclear power will lose value the moment people realize cold fusion is real. Within a few years the stocks of the companies will be worth nothing. Wind and solar will be gone. The others will lose money for a generation as they gradually wither away. This has been the pattern with obsolete technology in the past. There is no reason to think it will not repeat in this case. - Jed
