Word: fusion
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While researchers argue over the scientific feasibility of cold fusion, another--and even more speculative--debate is raging over the potential economic consequences of the discovery...
Ever since Stanley Pons of the University of Utah and Martin Fleischman of the University of Southhampton announced last month that they had sparked nuclear fusion in a jar at room temperature, some pundits have speculated that the use of the cheap, virtually endless supply of energy would change the world's political order...
While the scientific community still argues over the validity of independent fusion confirmations at Brigham Young University and Sao Paulo University in Brazil, it seems certain that widespread adoption of fusion technology would significantly loosen the stranglehold oil producing nations have over other industrial countries...
...Saudi Arabian adviser on petroleum policy at the embassy in Washington acknowledges that implementation of fusion would hurt his country's economy...
...worse comes to worse, "We will keep oil for domestic utilities" in Saudi Arabia, he says. Since fusion technology would probably be incredibly inexpensive, it would benefit underdeveloped countries who now cannot afford enough oil, the embassy representative adds...