You don’t have to look to hard to see economic problems everywhere. The world is floundering in debt: countries, states and individuals are facing a dire situation where borrowing for the needs of today have caused a great deal of uncertainty about tomorrow. Economic activity has shrunk during the worldwide recession, unemployment is growing and many economists see little prospect of a rapid turnaround.
Yet with the advent of Orbo technology, unveiled by Steorn recently, we have the prospect of a game-changing element introduced into the world economy. Yes, the technology is in its infancy and certainly it will take time and engineering effort to bring practical products into the world, but eventually a source of free energy could have a dramatic and permanent impact on economic activity everywhere.
Here are some possible implications.
1. Much greater self-reliance for individuals if the power grid is no longer necessary to supply consumers’ electrical needs.
2. With that self reliance would come less of a need to labor as much for many of the necessities and luxuries of life. How much of people’s income is currently spent on energy either directly (electric bill, gasoline) or indirectly (e.g. the costs built in to transporting goods)?
3. Costs for governments everywhere could reduce significantly with the burden of paying for welfare decreasing as many basic needs of citizens (utilities, transportation) become much cheaper.
5. Costs of raw materials would likely decrease if they could be extracted and transported with free energy. This would lead to reduced costs of goods and services.
6. There could be a technology boom beyond anything we have seen to date. New devices with internal power sources will surely be developed, and no doubt ingenuity and invention will come up with all kinds of new products made possible by Orbo technology previously thought impossible or impractical.
7. Those companies and nations who could quickly transition to producing high quality orbo-based products would see the most change coming about.
8. Infrastructure needs would change dramatically. No longer would economic development be dependent upon the availability of power stations and power lines. With transportation costs decreasing there would be less of a need for companies to be located close to major population centers and transportation hubs. Communities could be affected as these infrastructure and transportation needs change. It may be more desirable for people to live further away from population centers as transportation costs decrease and off-grid power sources are available.
These are just a few thoughts about some of the possible repercussions of Orbo- based technology becoming a viable alternative to current energy sources. Steorn has let the cat out of the bag now, and it will be fascinating to see what the engineering community does with this technology. It could make a dramatic difference to our current economic outlook.
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