There is a new clean energy technology that is less than one tenth the cost of coal. LENR using nickel.
Obviously, such a clean energy technology, once it is successfully commercialized, would drive a stake through the heart of oil-sands projects (that need a oil price of near 85 $/barrel to be economically viable). In fact, no other energy production technology could compete successfully.
Incredibly: Ni+H(heated under pressure)=Cu+lots of heat. This phenomenon (LENR) has been confirmed in hundreds of published scientific papers: http://lenr-canr.org/acrobat/RothwellJtallyofcol.pdf
People find it incredibly hard to believe LENR is legitimate, so here are some quotes from NASA (the United States National Aeronautic and Space Adminstration) personel:
" Over 2 decades with over 100 experiments worldwide indicate LENR is real, much greater than chemical" --Dennis M. Bushnell, Chief Scientist, NASA Langley Research Center
" Energy density many orders of magnitude over chemical." --Michael A. Nelson, NASA
"Total replacement of fossil fuels for everything but synthetic organic chemistry." --Dr. Joseph M. Zawodny, NASA
While a doubling of energy using LENR has been repeatedly documented, Andrea Rossi, an Italian engineer, discovered a way to get the LENR Ni-H exothermic reaction to yield much more energy for the small amount of electricity the device used. He has demonstrated his LENR generators many times:
According to Forbes, electricity will be too cheap to meter if Rossi's Oct 28 demonstration succeeds: http://www.forbes.com/sites/markgibbs/2011/10/17/hello-cheap-energy-hell...
Here's the latest, according to MSNBC it passed the test: http://www.msnbc.msn.com/id/45153076/ns/technology_and_science-science/
Mr Rossi has said that he is partnering with National Instruments to mass produce a million 10 kilowatt home LENR generators a year at a very reasonable price of less than 1500 dollars, with sales to the public expected to begin before year's end. Furthermore, Defkalion, a Greek company that had formerly partnered with Rossi, is also expecting to begin sales to the public soon, and will shortly provide LENR generators for independent inspection.
By the way, here is a current survey of all the companies that are bringing LENR to commercialization: http://www.cleantechblog.com/2011/08/the-new-breed-of-energy-catalyzers-...
Using LENR, nickel is about half a million times as energy dense as oil, meaning the nickel in one US nickel would provide the energy equivalent to 5 barrels of oil. Another way of saying this is that using LENR, nickel is about one hundred thousand times as energy dense as diesel fuel. Furthermore, there is much much more nickel and hydrogen than fossil fuel, plus using LENR they are much more energy dense.
One day we woke up and had billions of times the energy (and clean to boot!) than the day before! Since electricity and heat can be decentrally generated extremely inexpensively using LENR, it is expected that each home and building will have their own LENR generator. Furthermore, because of the amazing cost savings, mankind will dramatically cut their greenhouse gas emissions, not because we have passed laws forcing them to adopt more costly clean energy, but because the invisible hand of the market place forces us in order to stay competitive with everyone else.
For more information on LENR and the Rossi E-Cat I suggest this clearing house site: http://ecatnow.com/
The future is so bright, we'll have to wear shades (and I don't know about you, but I will get particular satisfaction is seeing those dirty birds that are investing in oil-sands projects losing their shirts).