For generations, conspiracy theorists have accused “big oil” of buying up alternative energy inventions. The result of this supposed interference is that no viable, affordable form of alternative power sources in available on the open market. Of course, you can buy solar panels or a home-sized windmill, but you’ll never save enough money on utilities to pay for them in your own lifetime.
So, is our lack of non-fossil fuel due to conspiracy on the part of the oil companies? Well, there might be some arm-twisting and family-threatening going on, but it could be simply the lack of funding for research and development.
Andrea Rossi, inventor of the E-Cat, refuses any kind of public funding, investing his entire assets, instead, in the development of his technology. He has clients who invest in a product that he is developing. So, you could say that 100% of his budget goes to R&D of LENR technology.
However, according to the Brooking Institute and the American Enterprise Institute, as cited by Sterling Allan in Pure Energy Systems, the energy industry falls far short of every other industry in budgeting for research and development. For instance, the communications industry tops the list in R&D spending, with over 25% of its entire budget invested in these pursuits.
Semiconductors, surprisingly to some, come in second with 21% of their budgets dedicated to R&D. Another surprise is that the software industry only dedicates 15% of its budget to R&D, a distant third in commitment. It would seem that this industry would need to be more aggressive with its funding for R&D.
The Pharmaceuticals industry spends only 12% of its budget on R&D. Perhaps they receive a large amount of government grants to make up the difference. The outrageous expense of medicines that are not yet out of patent protection would lead one to believe that the pharmaceutical industry nearly goes broke researching new drugs.
The computer industry spends only 7% of its budget on R&D. However, this may change now that NASA is no longer a government institution. NASA is, arguably, one of the single biggest sources of new technology in many industries.
Over all of the rest of the industries, you’ll see 3% of budgets spent on R&D.
So, where does the energy industry fit in here? They spend .3% on R&D. That’s right, POINT 3% – not THREE%. And, why shouldn’t they? Here is where the fossil fuel industry holds a monopoly, and they have no motivation to try to improve on their situation. Or, on our situation, either. It’s a good thing Rossi has not counted on outside funding for his studies, or they would have taken just as long to be productive, and be as out of budget, as every other form of alternative energy.
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