The Federal Reserve acknowledges peak oil

Coming late to this, but in case you missed it, Lou Grinzo notes that another piece of the government has reconciled itself to the inevitable—even if it is written in almost Greenspannish understatement.

Go read it.  ¶ 7/09/2009 11:01:00 AM 0 comments

 

Steorn: Epilogue

In an announcement which should have surprised no one (least of all me), a jury of international experts has declared that Steorn's "free energy" device has shown no evidence of working.  FTA:

“The situation was we had engaged them in February 2007 and went through a process with them,” Mr McCarthy said. Two years have passed however and the jury clearly decided that enough was enough.

It posted an announcement on its website http://stjury.ning.com that it was disbanding.

“The unanimous verdict of the jury is that Steorn’s attempts to demonstrate the claim have not shown the production of energy,” it stated. “The jury is therefore ceasing work.”

On the other hand, the scam continues.

The dream lives on, however, as Steorn prepares to begin licensing its Orbo technology “definitely before the end of the year”, Mr McCarthy said.

The company is inviting 300 engineering companies to sign a developer licence agreement, giving them free access to the technology.

I invite the Irish government to charge McCarthy and the other principals with fraud.  ¶ 7/06/2009 11:22:00 AM 0 comments