The Oil Drum

Perhaps a top 10 story is that the price of oil is likely to drop due to a little known new magnetic energy conversion system called GENIE™: A revolutionary new technology, GENIE (Generating Electricity by Nondestructive Interference of Energy) is being developed at Magnetic Power Inc.

GENIE powered vehicles will:

1. Never require fuel of any kind
2. Help prevent future resource wars
3. Earn substantial cash for their owners
4. Reverse the decline of the auto industry
5. End the need to build more power plants
6. Eliminate concerns regarding fuel mileage
7. Generate new jobs and stimulate the economy
8. Create a powerful weapon against climate change

Fuel
Oil: In two years there will be a billion automotive vehicles worldwide, without developments such as GENIE triggering ever higher prices for fuel. Biofuels: Some have positive potential, particularly for the inevitable transition period. Hydrogen: Billions in infrastructure are needed for most projected systems, including fuel cells. GENIE: No fuel will ever be required.

Resource Wars
The conflict in Iraq is clearly about oil. Can there be any doubt that nations will fight over shortages of fuel, water and food supplies? GENIE will rapidly cut back the demand for oil or any other fuel. It will also provide the power for inexpensive desalination plants, as well as pipelines to carry fresh water wherever it is needed.

Cars can earn income
Vehicle to grid (V2G) power was demonstrated during April, 2007. A December, 2007 article about V2G states that a hybrid electric car might earn $4,000 each year for the vehicle’s owner, when parked, based on power drawn from the car’s batteries. In the future, GENIE is expected to replace both batteries and car engines as well as provide far greater amounts of electricity. A GENIE generator powering an electric auto might be thought of as a fuel cell that uses magnetism instead of hydrogen. We can easily switch this magnetic cell on or off. When the car is driving the GENIE cell is switched on, providing energy to the electric motor that propels the car. When a V2G vehicle is parked, the electric motor is turned 'off', but the GENIE cell remains "on", still producing energy like a fuel cell that runs on magnetism instead of hydrogen. The electricity produced by the GENIE cell while the motor is off, is transferred from the vehicle to an inductive device requiring no physical connection in the parking space, providing power to the grid. Instead of paying to park, they pay you, because you provide the utility with electricity, a clean alternative to any existing type of power plant. Over a reasonable period of time, payments to the owner may be enough to reimburse the purchase price of a vehicle.

Provide a huge boost to the auto industry
Once cars become available that need no fuel, it is logical to expect manufacturers will sell every such vehicle they make. Plants that have been shut down will reopen. Auto workers who have been laid off will have the opportunity to be rehired. Large numbers of new automotive manufacturing jobs will be created.

No more coal, oil or nuclear plants
Cars are parked about 95% of the time. Once cars are powered by GENIE, a typical urban parking lot could provide several megawatts of electricity. This system can be implemented in substantially less time than constructing a nuclear plant. It will also end the need to build new coal, oil, or other environmentally less desirable (or more costly) power plants.

Fuel mileage concerns will fade away
Cars that need no fuel will end the controversy about average mileage figures. Any car maker producing GENIE powered vehicles, will no longer have to meet that challenge. Congress can then concern itself with other, more important, issues.

Economic stimulus
Concern is rising that the American economy is facing a possible recession. A revolutionary product, as far-reaching as GENIE, has the potential to provide huge numbers of new jobs and opportunities for new enterprise. As an example, consider the modification of existing cars by shops that might become franchises, where the owner drops off a vehicle and drives away in a loaner. A few days later, the customer returns to pick-up their converted, electric car; one that requires no recharge and can sell power to the local utility when parked.

A powerful new weapon to fight Global Warming
Greenland loses more ice each year than all the ice in the Alps. This is scary. Not only in Greenland, but elsewhere there is massive melting of ice. “In 8 years nearly all Peru's glaciers will be gone due to global warming and its 27 million people will nearly all lack fresh water, with the likely result being: 'chaos, conflict and mass migration'. Each 1 degree Celsius global temperature rise deprives between 400 million and 1.7 billion people of sufficient water. “A total of 46 nations and 2.7 billion people are now at high risk of being overwhelmed by armed conflict and war because of climate change”. (Observer UK 11-4-07). More than 180 nations have coastal areas in peril. Included are cities such as New York, London, Miami, Shanghai and Tokyo. Rajendra Pachauri, a scientist who heads the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize with Al Gore, concluded that drastic shifts are happening much more rapidly than earlier predicted. IPCC has stated: “What we do in the next two to three years will determine our future. This is the defining moment.”

The World’s Huge Appetite for Energy
Energy consumption is at the core of human existence. We need to sharply accelerate development of radically new, cost-effective, sustainable alternatives. MPI has explored breakthrough technologies for more than 20 years. To reverse the dangerous trends mentioned above, MPI envisions a technological revolution, developed commercially, that conserves utilization of available planetary resources. GENIE is projected to be easy to manufacture and use, as well as inexpensive, thus capable of rapidly achieving global impact. Yet, very few scientists, engineers or policy makers, understand the reality of this work. A good place to start is the recent book: Zero Point Energy by Thomas F. Valone. The time has clearly come to speed awareness and development of this urgently needed technology.

www.magneticpowerinc.com