Missing LENR Energy Baker Institute paper: US drop in oil prices analysis Rice University Think Tank

"Baker Institute paper: US oil production has been an early responder to large drop in global oil prices" posted Feb. 11, 2015 Rice News and Media, completely misses out on LENR energy considerations. Founded in 1993, Rice University's Baker Institute ranks among the top 10 university-affiliated think tanks in the world. As a premier nonpartisan think tank, the institute conducts research on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy.

The Baker Institute has an obligation to the Rice University Endowment and its' Chief Investment Officer and President of the Rice Management Company Allison Thacker. Omission of emergent LENR energy economic considerations in relation to the carbon energy market is a failure in meeting these obligations, which may prove costly to the Endowment of Rice.

Advertisement

LENR energy will affect every part of the energy economy, carbon fuels will be devalued and investments will most likely take a loss. The carbon divestment movement in the key 'U.S. gulf oil states' at Tulane University in New Orleans, Louisiana and Rice University in Houston, Texas are looking to succeed. The economics of LENR energy may provide the leverage they need, divestment now attains an economic imperative for endowments as well as an environmental imperative for the world. Managers of endowment investment portfolios should be required to analyze losses. Industrial LENR enters the market this year, as seen by any reading of an LENR energy review.

Why Are the Big Financial Institutions Selling Oil BIG? Oil Price .Com

No. 1 Source for Oil & Energy News (A CNBC Partner Site) By Torkel Nyberg

A Crude LENR Hypothesis

The Commitment of Traders Report reveals interesting data...

For two years now, Sifferkoll has been following the energy markets in relation to a possible LENR (cold fusion) technological breakthrough. The basic idea is that, if there is an information advantage, the big banks will acquire it and use it to make as much money as possible. If such actions can be shown, it is in itself good indications of a proven breakthrough.

And there is money to be made. Not yet from the new technology, but from a plunging energy market (oil, coal, natural gas, etc.). The Commitment of Traders report (CoT) published weekly by CFTC (U.S. Commodity Futures Trading Commission) has been analysed. This report shows the actions and positions of the different market participants in the crude oil futures market. It reveals some interesting data.

At some point during the fall of 2010 there was a large policy shift in hedging crude oil on the NYMEX futures exchange by the big banks and the oil companies. Up to that point the hedgers of crude have largely been the producers as they want to hedge their production against future price movements. On the buy side there was the big financial institutions (Swap Dealers = JP Morgan, Goldman Sachs, etc), and the money managers (large pension funds, hedge funds, etc.), that speculate in a price increase.

But during the fall of 2010 this state of affairs changed. From being net-long 200 thousand contracts, the banks became net-short in a couple of months. Their selling has since continued. And now, by March 2013, they are net-short 300 thousand contracts (300 million barrels of oil = $30 billion). See the green lines in the chart above.

At the same time the producers have liquidated their 200 thousand contract short position (blue line above). They are no longer hedging as they used to. And they've done it in a very consistent way. It looks almost unreal, buying an equal amount of contracts each month for two years.

The real reason for the relatively low range bound price of crude for the last two years, is simply huge short selling and anti-trend trading by the big financial institutions (JP Morgan, Goldman Sachs, etc.). The reasons for this might be a political agenda executed by these "swap dealers" to keep the price in a certain range for macroeconomic growth reasons, or maybe, which is the hypothesis of this report, they know something that is not yet publicly accepted. LENR might already be a technological fact on the industrial scale, and not further away in time than the banks can manage to keep it secret. This makes a huge difference on the outcome. Maybe this is exactly what they know. It certainly would not be surprising if they have verified the E-Cat and actively trade on that information. The information advantage is huge and so are the potential profits.

Advertisement

Stranded Assets and the Fossil Fuel Divestment Campaign: What does Divestment Mean for the Valuation of Fossil Fuel Assets? Smith School of Enterprise and the Environment, Oxford University

Executive Summary

'Stranded assets', where assets suffer from unanticipated or premature write-offs, downward revaluations or are converted to liabilities, can be caused by a range of environment-related risks. This report investigates the fossil fuel divestment campaign, an extant social phenomenon that could be one such risk. We test whether the divestment campaign could affect fossil fuel assets and if so, how, to what extent, and over which time horizons.

Advertisement

Stranded Asset Programme

There are a wide range of current and emerging risks that could result in 'stranded assets', where environmentally unsustainable assets suffer from unanticipated or premature write-offs, downward revaluations or are converted to liabilities. These risks are poorly understood and are regularly mispriced, which has resulted in a significant over-exposure to environmentally unsustainable assets throughout our financial and economic systems. Some of these risk factors include:

  • Environmental challenges (e.g. climate change, water constraints)
  • Changing resource landscapes (e.g. shale gas, phosphate)
  • New government regulations (e.g. carbon pricing, air pollution regulation)
  • Falling clean technology costs (e.g. solar PV, onshore wind)
  • Evolving social norms (e.g. fossil fuel divestment) and consumer behaviour (e.g. certification schemes)
  • Litigation and changing statutory interpretations (e.g. changes in the application of existing laws and legislation)
Advertisement

The Stranded Assets Programme at the University of Oxford's Smith School of Enterprise and the Environment was established in 2012 to understand these risks in different sectors and systemically. We analyse the materiality of stranded asset risks over different time horizons and research the potential impacts of stranded assets on investors, businesses, regulators and policy makers. We also work with partners to develop strategies to manage the consequences of stranded assets.

If you have any enquiries about the Stranded Assets Programme, please contact the Director via ben.caldecott@smithschool.ox.ac.uk

Advertisement

BlackRock Investment Institute and LENR

BlackRock is among the largest asset management companies in the world. For a number of years they have been closely following developments in LENR energy. This BlackRock 2012 oil play analysis/energy white paper takes LENR into consideration.

Advertisement

"U.S. Shale Boom A Case of Temporary Indigestion" June 2012

First Words and LENR Summary

A glut of cheap US gas from shale rock has taken the world by surprise, and caused even seasoned energy analysts to completely redo their forecasts. The global ramifications are huge.

If—and this is a big if—the newfound energy can find its way to market, the US could become an energy exporter by 2030. This publication discusses the boom's impact on energy prices, producers and services.

The picture is not simple and things rarely happen in a straight line. This is true for energy as much as anything else.

Quote pg 11

We are closely following start-ups experimenting with new technologies such as low-energy nuclear reaction and fusion. If successful, these efforts could completely change the current status quo and hurt traditional energy producers. It is worth watching this space. People tend to overestimate what can be done in a year, but underestimate what can happen in a decade.

Advertisement

Rice Think Tank

Rice University Houston – (Feb. 11, 2015) – U.S. oil production and in particular that of shale oil has proven to be an early and nimble responder to the large drop in oil prices that occurred in late 2014, according to a new report by energy experts at Rice University's Baker Institute for Public Policy the Center for Energy Studies.

Advertisement

The report,

"Effects of Low Oil Prices on U.S. Shale Production: OPEC Calls the Tune and Shale Swings," leverages previously unreleased data by international oil and gas intelligence company Drillinginfo ...

Advertisement

(Drillinginfo is fundamentally changing oil and gas E&P decision-making. We enable companies to compete and thrive in a dynamic industry environment.) US: 1 (888) 477-7667 EXT. 1 / UK: +44 (0) 1453-793-930 / Singapore: +65 6225-1153 / Latin America: +1 (713) 335-9049 / Canada: +1 (403) 998-3120 Email: INFO@DRILLINGINFO.COMUS: 1 (888) 477-7667 EXT. 1

... and provides an early snapshot of an industry making initial adjustments in response to a new economic environment. It was co-authored by Jim Krane, the Wallace S. Wilson Fellow for Energy Studies at the Baker Institute, who specializes in energy geopolitics, and Mark Agerton, graduate fellow for energy studies at the Baker Institute and doctoral student in Rice's Department of Economics.

Advertisement

For more information or to schedule an interview with Krane or Agerton, contact Jeff Falk, associate director of national media relations at Rice, at jfalk@rice.edu or 713-348-6775. (Krane bio) (Agerton bio)

Learn more about the institute at www.bakerinstitute.org or on the institute's blog.

Advertisement

Global Divestment Movement Day

The Divestment Movement includes colleges and universities, cities and states, religious organizations, and other institutions.

Advertisement

Divestment Movement at Rice University

If their college's endowment portfolio has fossil-fuel stock, then their educations are being subsidized by investments that guarantee they won't have much of a planet on which to make use of their degree." - Bill McKibben

Bill McKibben is not a person you'd expect to find handcuffed in the city jail in Washington, D.C. But that's where he spent three days in the summer of 2011, after leading the largest civil disobedience in thirty years to protest the Keystone XL pipeline. A few months later the protesters would see their efforts rewarded when President Obama agreed to put the project on hold.

Advertisement

"Rice Responds to National Divestment Trend"

By Miles Kruppa at RiceThresher.org Phone number: 713-348-4801

E-mail: thresher@rice.edu Address: 6100 Main St. MS, 524 Houston, TX 77005

Posted September 17, 2014

In an email sent to the Rice Environmental Club on Sept. 3, 2014, Club President Hutson Chilton said the club would, among other initiatives and if members were interested, enact a campaign to encourage the university to withdraw from, or divest of, fossil fuel investments, following a trend at other American private universities.

Advertisement

"We have just begun a campaign with three goals: to encourage Rice to divest from coal, make our investments more transparent and begin the conversation on campus about whether or not we have a responsibility as a non-profit university to invest sustainably," Chilton, a McMurtry College senior, said in the email. "Coal is one of the most polluting fossil fuels as well as one of Rice's smallest fossil fuel investments, so it is a good place to start. Right now, the project involves getting more information about Rice's investment strategies as well as what divestment campaigns look like across the country. Eventually we hope to create some sort of rubric that is agreed upon by students, faculty and administration that would lead to future investment decisions being made more sustainable."

At other American private universities, including Stanford, Harvard and Yale, referendums have been issued on divestment with 78 percent, 72 percent and 83 percent of the student body, respectively, voting for divestment. In May, Stanford announced it would divest its $18.7 billion endowment of coal, making it the university with the largest endowment to commit to at least partially divesting from fossil fuels.

Advertisement

According to the 2012 Rice Endowment Update, energy and natural resource investments comprise 7 percent of Rice's endowment, which was valued at $4.84 billion as of June 30, 2013. The 2013 update specified that Real Assets, which includes real estate, natural resources, minerals and timber, comprise 22 percent of the endowment.

Chief Investment Officer and President of the Rice Management Company Allison Thacker (Baker '96) said Rice currently does not plan to divest from fossil fuels and any decision to divest would first have to be approved by the Board of Regents.

Advertisement

The Stanford Campaign

Stanford University junior and Fossil Free Stanford campaigner Matt Simon said he sees divestment as an immediately attainable goal to combat climate change and promote environmentalism on college campuses.

Advertisement

S. Johnson said most schools that have divested have not lost funding from energy companies.

"Schools that have divested have not lost any funding, whether or not it has come from fossil fuels," S. Johnson said. "A lot of the schools have actually increased their funding, getting new donations from people who really like the idea of divestment."

Advertisement

S. Johnson said convincing the Stanford administration of divesting from coal was easier because of coal's lack of long-term viability.

"Coal is going to objectively be an awful investment in not that long, so it's not going to be as profitable as it now, and getting out now is probably the right thing to do financially," S. Johnson said. "The people who control the university's money are pretty responsive to money."

Advertisement

Moving Forward (at Rice)

Thacker said she also thinks other sustainability initiatives should be emphasized as opposed to divestment.

Advertisement

"The best solution is one where you can offer an environmentally superior outcome at the same cost as an inferior outcome, as opposed to doing something like boycott, which isn't as long-term powerful as making somebody want to throw something in a recycling bin," Thacker said.

In 2012, SA Environmental Committee Co-Chair Josh Rutenberg introduced a 100-Year Sustainability plan that directed the university to, among other requests, "be ethical and responsible in our endowment by making our investments transparent and transitioning into sustainable investments." Current SA Environmental Committee Co-Chair Ryan Saathoff said the bill shows at least some support from the student body for re-examining the university's investments in fossil fuels.

Advertisement

"I would like to think that Student Senate bills mean something," Saathoff said. "But have we actually acted upon it yet? No, but it does show unanimous student support for transitioning into sustainable investments."

According to Sheth, advocating and protesting for divestment would be ineffective, and students should begin conversations with the administration and Rice Management Company to assess whether Rice's investments align with the student body's ethics.

Advertisement

"Any attempt to say that Rice just shouldn't invest in fossil fuels would be silly because I don't think that's a realistic end-goal," Sheth said. "At a school that has an incredibly large endowment per student to say, 'Oh, we're going to make a fiscally bad decision that moves money away from our students, moves money away from our mission,' that's something in an efficiency-centered and administration-centered school that's not going to happen."

According to Chilton, the decision to divest has to be considered along with the role energy companies play on the Rice campus as well as Rice's status as a non-profit institution.

Advertisement

"As for whether or not [divestment] is important at Rice, I think that's something that has to be weighed carefully, given that fossil fuels have such negative social and environmental effects but also that fossil fuel companies provide a lot of wonderful opportunities for Rice students and faculty," Chilton said. "I think it's definitely important that students be allowed to participate in that discussion, however, which is not really something that happens too much now."

Tulane University in New Orleans, Louisiana

From Divest Tulane

Now all eyes are focused on Claire. She begins her speech. With impeccable posture and her presence established, compelling words and sentences articulately rush fhom her mouth. She talks about our role in Earth's future, and the role we have to play in persuading Tulane to divest from fossil fuels. People passing through the lobby begin to stop and listen. People cling to the railings from above, looking down. She has her audience hanging on her every word.

Advertisement

"We do not need the fossil fuel industry to be economically successful. We do not need dirty money to fuel an institution like this one. We are independent. We reside in a city with a history of oppression and personally I am not going to be a part of prolonging that trend."

When her speech comes to a close, the lobby erupts in applause. Then the chant beings.

Advertisement

"President Cowen, Divest our Endowment. Let our institution be part of the solution!"

Our voices echo through the LBC. Now this looks like a protest. Looking around I see the stares from casual onlookers. We've captured their attention and hopefully we've convinced some to join the cause. The chant ends and people begin to head to the courtyard for pictures. Taking a minute, I reflect on what just happened. Never have I felt more pride for my peers. The organizers and leaders of Divest Tulane have spent so much time and energy for the cause.

Advertisement

Every member, mostly students around my age, has exhibited so much professionalism and enthusiasm for bettering the Earth around them. Never have I had so much hope for the future.

Today was one step towards divestment which is one step towards meaningful and institutional climate action which is one step towards a solution. We know that we are no where near our goal, but it is days like today, successes like the ones we've achieved that build momentum and inspire us to continue working every day towards a better future.

Advertisement

Sincerely yours,

Margot and Ben

Stanford Carbon Divestment Success

Stanford University has decided to divest its $18.7 billion endowment "Stanford to Divest from Coal Companies" from coal stocks in response to a student led movement – Fossil Free Stanford. This is part of a larger movement among students to get their colleges and universities to get rid of fossil fuel stocks. Fossil Free Stanford petitioned the university last year to divest from 200 fossil-fuel extraction companies as part of a national divestment campaign.

Advertisement

"Fossil Free Stanford Statement On Coal Divestment"

In their wisdom the Stanford Trustees limited their divestment activities to 100 fossil fuel corporations. Evidently, divesting of stocks in 200 companies was considered to be a little bit too extreme.

Advertisement

Surprisingly, Stanford, home to the right wing Hoover Institute, acceded to most of the students' demands. The Hoover Institute is a think tank closely associated with Republican politicians and Presidents who have derived many of their policies from Hoover fellows including Condoleeza Rice who gave some intellectual credibility to George W Bush's lies which enabled him to invade Iraq.

If an elitist institution like Stanford can become part of the climate change movement, perhaps there is hope for Harvard, the most richly endowed university in America with a $35 billion endowment, which so far has resisted demands that it divest from fossil fuel stocks.

Advertisement

The Boston Globe , ran an opinion piece entitled: "Harvard should cut the hypocrisy and divest from fossil fuels" by Krishna Dasaratha a PhD student at Stanford University and a 2013 Harvard graduate.

She said, "Even more disturbingly, Harvard is backing an industry that threatens to make our whole planet a scary place."

Advertisement

In the words of ninety-three Harvard faculty who offered a dissenting position on (non) divestment...

"Harvard Faculty Members Urge University to Divest from Fossil Fuels"

"If there is no pressure [to decrease fossil fuel use], then grievous harm due to climate change will accelerate and entrench itself for a span of time that will make the history of Harvard look short." end quote

"Harvard Sit-in Protests School's Investments: Want money out of fossil fuels" Matt Rocheleau Boston Globe Feb. 12, 2015

"Today, Harvard Faculty for Divestment reaffirms our support for the goal of the action taken by the students of Divest Harvard: an end to Harvard University's investments in fossil fuels." February 12, 2015

For more information about the Harvard student action and about fossil fuel divestment, visit divestharvard.com.

Advertisement


Other "Global Divestment Day" events were scheduled between Thursday and Saturday, including at several other area colleges: Boston College, Boston University, Brandeis University, Mount Holyoke College, Smith College, Stonehill College, UMass Amherst, and Worcester State University, according to organizers from the Fossil Free campaign and 350.org.

Global Divestment Day is here, with more than 400 events spanning 48 countries and six continents.

Advertisement

Meanwhile at Stanford

Score one for the students who will be inheriting this warming planet while Stanford's trustees, professors and other eminence grises will probably not live to see the full havoc that climate change and global warming is in the process of wreaking. Most universities include a statement in their endowment management policies and guidelines that the only purpose of buying and selling in the endowment fund is to make money just like similar statements in most corporations' mission statements. However, there is a loophole for Stanford.

Advertisement

Stanford's Statement on Investment Responsibility, originally adopted in 1971, states that the trustees' primary obligation in investing endowment assets is to maximize the financial return of those assets to support the university. However, when the trustees judge that "corporate policies or practices create substantial social injury," they may include this factor in their investment decisions.

The trustees endorsed the recommendation of the university's Advisory Panel on Investment Responsibility and Licensing (APIRL). This panel includes representatives of students, faculty, staff and alumni. They conducted an extensive review of the social and environmental implications of investment in fossil fuel companies, and guess what. They decided to do the right thing and get rid of fossil fuel stocks even if it might mean that therir $18 billion endowment fund might take a hit.

Advertisement

This decision on Stanford's part is not totally altruistic. The smart money is saying that there will be a huge rise in alternate green energy sources and that fossil fuels might be headed for the dustbin of history if not now then maybe sometime in the near future. They'd better be if the planet is to remain inhabitable.

"Stanford has a responsibility as a global citizen to promote sustainability for our planet, and we work intensively to do so through our research, our educational programs and our campus operations," said Stanford President John Hennessy. "The university's review has concluded that coal is one of the most carbon-intensive methods of energy generation and that other sources can be readily substituted for it. Moving away from coal in the investment context is a small, but constructive, step while work continues, at Stanford and elsewhere, to develop broadly viable sustainable energy solutions for the future."

Advertisement

Fossil Free Stanford Contact:

Michael Peñuelas (fossilfreestanford@gmail.com, 206.218.4345)

Yari Greaney (fossilfreestanford@gmail.com, 530.646.9118)

Fossil Free Yale

"It is technically feasible to transition to a low-carbon economy. But what is lacking are appropriate policies and institutions. The longer we wait to take action, the more it will cost to adapt and mitigate climate change." – Youba Sokona, co-chairman of IPCC (Intergovernmental Panel on Climate Change) Working Group III
Advertisement

Norway Divestment and LENR Energy

An article on the Norwegian website Tekna — published by the Technical and Scientific Association serving over 64,000 professional members — reports on the seminar held last November in Oslo to discuss the significance of LENR technology, and how it could affect Norway's future. Tekna was one of the sponsors of the seminar.

Advertisement

The world's richest sovereign wealth fund removed 32 coal mining companies from its portfolio in 2014, citing the risk they face from regulatory action on climate change.

Norway's Government Pension Fund Global (GPFG), worth $850bn (£556bn) and founded on the nation's oil and gas wealth, revealed a total of 114 companies had been dumped on environmental and climate grounds in its first report on responsible investing, released on Thursday. The companies divested also include tar sands producers, cement makers and gold miners.

Advertisement

As part of a fast-growing campaign, over $50bn in fossil fuel company stocks have been divested by 180 organisations on the basis that their business models are incompatible with the pledge by the world's governments to tackle global warming. But the GPFG is the highest profile institution to divest to date.

LENR ENERGY REVIEW

Contemporary LENR Technology Patents Popular Cold Fusion

U.S. LENR Manhattan Project U.S. Advanced LENR Technology

LENR Proof

LENR Cities

Martin Fleischman Memorial Project at Quantum Heat

Cold Fusion 25 Years Later American Society of Mechanical Engineers

The Application of LENR to Synergistic Mission Capabilities NASA

Hot Cat Rossi 1MW Plant

LENR Energy in Texas

University of Austin

Lawrence Forsley JWK LENR patent A Hybrid Fusion Fast Fission Reactor

L.P. Forsley University of Texas Austin, President JWK International

Texas Tech

From Robert Duncan's profile as Senior Vice President for Research and Professor of Physics is this information:

Duncan formed the Sidney Kimmel Institute for Nuclear Renaissance (SKINR) at MU, which was empowered by a major gift from Sidney Kimmel. He created the Center for Emerging Energy Sciences (CEES) at TTU in 2015. Both CEES and SKINR seek to understand the origins of the Anomalous Heat Effect (AHE) in certain metals that are loaded with hydrogen isotopes.

Advertisement

Then, in the Texas Tech University's Board of Regents agenda book for December 11-14, 2014 is this entry:

Center for Emerging Energy Sciences (CEES), Office of the Vice President for Research; establish a center which will initially bridge physics and chemistry in the scientific exploration for the origin of the Anomalous Heat Effect (AHE).

Advertisement

Once the origin of the AHE is established, this center's effort will shift toward energy engineering, with engagement with mechanical and electrical engineering. This highly focused effort will involve close collaborations with ENEA (Ente Nazionale per l'Energia Atomica), the National Energy and Environment Laboratory of Italy, and with a contract to a scientist who will soon retire from Stanford Research International (SRI) in Palo Alto, CA.

I'll Add This as a Nice Little Summary

3 Min. Gold News Cold Fusion LENR

January 29, 2015 by Elaine Diane Taylor

What if the price of oil crashed because it's no longer needed?

What if cold fusion, also known as LENR (Low Energy Nuclear Reaction) an almost free, safe, green and unlimited energy source is becoming available?

What if the banks and military have known for years and been setting up to make money and gain strategic advantage before it's made public?

Advertisement

Cold Fusion/LENR IS

Cold Fusion/ LENR is…

Like an ocean wave that is peaceful and powerful!

Never suffer fools who try to disrupt its' path

Unaffected by any such thing as that

It will roll on and on and on

Effortlessly and endlessly

Frothing and foaming

And bubbling

Clean energy

In its' wake

Cold Fusion

LENR

Is

gbgoble2012

Author Gregory Byron Goble (415) 724-6702 gbgoble at g mail

Share This Story

Get our newsletter