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Is Cold Fusion The Positive 'Black Swan' That Reduces Energy Costs By 90 Percent?

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THE BLACK SWAN
DailyFeed
Italian scientists Andrea Rossi and Sergio Focardi of the University of Bologna recently announced that they have developed a cold fusion energy device capable of producing 12,400 W of heat power with an input of just 400 W. The device is called a nickel-hydrgoen fusion reactor and the scientists claim it is "well beyond the research phase."

What does this mean? From ImpactLab.net:

"Rossi and Focardi say that, when the atomic nuclei of nickel and hydrogen are fused in their reactor, the reaction produces copper and a large amount of energy. The reactor uses less than 1 gram of hydrogen and starts with about 1,000 W of electricity, which is reduced to 400 W after a few minutes. Every minute, the reaction can convert 292 grams of 20°C water into dry steam at about 101°C. Since raising the temperature of water by 80°C and converting it to steam requires about 12,400 W of power, the experiment provides a power gain of 12,400/400 = 31. As for costs, the scientists estimate that electricity can be generated at a cost of less than 1 cent/kWh, which is significantly less than coal or natural gas plants."
The actual bottom line? Well, considering the average retail price of electricity to end-users is on the range of 8 to 20 cents per kilowatthour, the ability to produce electricity at a fraction of that price would be a significant step forward in reducing global energy costs, freeing up capital for investment and, yes, spending.

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