dartin: As one oil producer has replied to the question"What will you do when LENR is confirmed and marketed?". "Why, I'll buy it to use it to extract oil more cheaply"
Hi all
This is one of the major reasons the price of oil will continue to drop long after LENR takes the fuel market. I said some time ago that Saudi Arabia, Iran and the Russian Oil industry will be early adopters of LENR as it will enable them to kill of their competitors more quickly so that they own the majority of the post LENR oil market.
Oil will still have value as a lubricant and as feeder stock chemical.
There will also be a decreasing residual market for petrol and diesel in the change over and later volume will bottom out for vintage cars like these http://www.caranddriver.com/best-sports-cars which will be in museums and at classic car rallies of the future. At that point I think it possible that petrol and diesel as very scare products that few want will then become very expensive, perhaps as much as a $1000 gallon as with so few customers it will rarely be worth oil companies making fossil fuel from oil.
Kind Regards walker