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Lockheed Announces Revolutionary Energy Breakthrough. Shares Fall.

Written by Gary North on October 28, 2014

“Buy on the rumor. Sell on the news.”  Once again, the old slogan has worked.

Lockheed announced a breakthrough in fusion power. It plans to have small reactors available in a decade. One will fit on the back of a truck.

In response to this announcement of a new energy order, Lockheed’s shares fell 0.6%.

What’s this? Private enterprise beat the U.S. government’s decades-long fusion research to the punch? Billions of federal dollars down the drain. And what about the 10 billion euros spent by the EU? Nothing to show for it, you say? Will wonders never cease?

If this pans out, then the #1 economic problem facing the world will be solved.

It will be bad news for OPEC. OPEC is a government-run cartel. This will bust its near-monopoly.

It will take decades to replace oil in cars. It always takes decades — as many as five — to replace old energy sources. But the stakes are high. The profits will be high. There is an incentive to shift.

Think of India and China with cheap energy and cheap telecommunications. Think of online education offered free to a billion Indians and a billion Chinese — all outside of the state-run government school systems. Think of the world taught by Salman Khan instead of public school teachers.

Let’s hope Lockheed has made a commercially viable breakthrough. Let’s hope that others will imitate Lockheed.

Next step: cheap, safe water. Desalination, here we come.

Decentralization, here we come.

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13 thoughts on “Lockheed Announces Revolutionary Energy Breakthrough. Shares Fall.

  1. If energy and water is nearly free, how will big business and governments steal from the people?

  2. If energy is nearly free, desalination is cost-effective, even without any tech breakthrough in that industry.

  3. hanginjudge says:

    If in fact the announcement is factual I have no doubt that the government backed up by big oil and wind lobbies will have the project scrapped within days!

  4. Energy has to be harnessed, water has to be purified. Think about it

  5. Cliffystones says:

    We'll all be controlled by the islamic Caliphate by then anyway.

  6. As soon as crony capitalism ends. As long as there are government enforced business arrangements (comcast, healthcare, electric power, phone companies, etc. etc. etc.) it will continue.

  7. 1baronrichsnot1 says:

    You cant carry around a fusion reactor! It wll produce electricty, but so will the atom sp Aw hell you can't post on this page, too many commercials

  8. As with any major break through open source is the only way to bypass the corporate thugs it also unfortunately negates any chance of recouping any R&D costs. Thus enters the bane of the truly altruistic citizen however they do what they can and reap the rewards of satisfaction.

  9. you mean, as long as fascism retains control……. Fascism is government control of the private means of production. THAT is why it costs so much to survive these days…. more than $1Tn in regulatory costs, compliance, etc, as gummint meddles in private business affairs.

  10. $1.9 trillion to be exact Tionico.

  11. Islam is WAY too divided for a caliphate to reappear.

  12. This reeks of a publicity stunt. They've announced little more than an idea – a new approach that could work more efficiently. But, the technology doesn't actually exist yet, and there is no way to know when it is likely to.

  13. Igor Karbinovskiy says:

    So apparently now Lockheed is "private enterprise"? Do you also think USPS is private? I hear they don't get taxpayer subsidies (they are pleased to classify them as "loans"). Or how about the Federal Reserve?