In the same manner, I assume, that against the power of Ma Bell in her heyday, the better and cheaper technology of touch tone dialing vaulted right into the market place. Twenty-seven (27) years it took, despite the fact that Ericaphon, not a small competitor, was pushing it in this country. We suggest you read the well-known book of Dr. Clayton Christensen of Harvard, "The Innovator's Dilemma" and some of his other works.
You can read up on this problem in articles I have done in the past such asThe Real Cost of Enron and Oil, War and Productivity and also The courage to innovate. Just to give you a little update, as we have posted on this forum, in the last six years or so for the first time since America rose to industrial prominence, more IPO's based on breakthrough technology have taken place overseas than here. In the past year there were none on these shores at all.
We can thank companies such as ADM, Cargill and Exxon and their powerful lobbies allied with the tendency of government to head us in the wrong direction when it insists on interfering with markets. See George Gilder's classic "Wealth and Poverty."
You can read the E II patent on the PTO website, like any other patent. Why anyone would care what you think or want to keep you posted on developments is not apparent. I will tell you this: it is increasingly likely that E II deployment will occur first overseas not here, largely because of things such as the ethanol boondoggle. There are many countries that are more interested in its benefits than in pleasing the lobbyists of ADM and Cargill and are quite desperate for the benefits of E II and other breakthrough oil technologies that are being blocked here. Undoubtedly once E II is deployed overseas it will then be deployed here and you can keep on driving on ethanol as long as it pleases you and the market for it lasts, which is not likely to be long after the introduction of E II.
Having wrestled for years with the likes of Exxon on these questions, I don't think that your concern and skepticism (that fatal disease) count for much in the scheme of things, with all due respect. Your belief in the free market is touching but there never is such a market for disruptive technology in markets that are dominated by a handful of very large players. That has certainly been the case in oil and energy for a long time. We recommend that you go see the recent movie about the man from Rockville who invented the vacuum windshield wiper and his treatment by Ford.
Is it barely possible that energy investors see the E-II fuel as a boondoggle or is this just a pejorative term for ETOH? ETOH has been a renewable fuel for more than 35 years in this country and I expect it to continue for many more decades. It has saved the importation of billions of barrels of foreign oil and will likely continue in that same vein. Let me know when I can fill the tank with low-performance E-II. At least I will give it a shot if it is cost-effective. It seems that wind, solar, hydrogen, coal gasification are all making inroads. I don’t see E-II on the horizon and I strongly suspect it has many problems yet to be mentioned.