"In the late 1850s, the whaling industry was in a veritable boom in the town of Lahaina on the Hawaiian island of Maui. Business was great and many in the whaling industry believed that increased demand would continue for decades to come. But in 1859 oil was discovered in Titusville, Pennsylvania by Edwin Drake. The rest is history. That was 150 years ago. A small but increasing number of people around the world believe we are on a similar course, except that this time it is the petroleum industry that might be threatened."
...
"If proven to work, what impact would LENR have on the petroleum industry? It is difficult to say for certain, but it would undoubtedly be significant. The vast preponderance of oil is used for transportation and heating which would now be competing with LENR. While there would still be need for petroleum chemicals and other applications, collectively these end uses represent less than about 20% of each barrel. Natural gas would not fare much better; its main applications are heating and electricity. If LENR works the impact on the petroleum industry, power generation and coal industry would be enormous."

The excepts above are from an article was just published in the July edition of Journal of Petroleum Technology, which is the official magazine of Society of Petroleum Engineers .

To read the article go here (HTML version):
http://www.mydigitalpublication.com//display_article.php?id=1104768.

When even the enemy (oil experts) uses the "whaling industry" analogy regarding Oil and LENR, then you know that your oil stocks are not secure any more. The article is signed by the these 3 very important experts:

Steve Jacobs is chief operating officer of Decision Strategies and has more than 30 years of experience in the oil and gas industry. His specialty is evaluating market opportunities for new and existing technologies and companies. He earned BS degrees in psychology and education from Oklahoma State University. Jacobs is an energy information ambassador for SPE. He moderates and lectures at numerous events around the world.

Patrick Leach is chief executive officer of Decision Strategies. He is a recognized expert in risk management and decision making in the face of uncertainty, and has published and presented numerous papers on these subjects. He is the author of Why Can't You Just Give Me the Number, an executive's guide to using probabilistic thinking to manage risk and make better decisions. Leach earned a BS degree in geomechanics from the University of Rochester and an MBA degree from the University of Houston.

David J. Nagel is chief executive officer of NUCAT Energy.Previously, he was a member of the senior executive service and leader of the physics division at the US Naval Research Laboratory, where he managed experimental and theoretical research and development efforts. He has also been a research professor in the department of electrical and computer engineering at George Washington University with a focus on low energy nuclear reactions. He received a BS degree in engineering science, an MS degree in physics, and a PhD in materials engineering.

Feast your eyes with the fears of oil industry regarding LENR. They even mentioned Andrea Rossi (HA! HA! HA!)):

"The best known LENR effort currently under way is by Italian Andrea Rossi and his energy catalyzer. He has developed a LENR system that reportedly is ready for commercialization. Although Rossi has had to change a number of delivery dates for his "E-Cat," he appears to be making progress. He stated in mid-April: "We have already made all the engineering of the production line in the two factories we will set up (one in the US, one in Europe) … I think that it will take from 6 to 12 months after the certifications will be done to start the production.""

P.S. To see the high-tech version of this Journal, follow the steps bellow:
Got to this link:
http://www.mydigitalpublication.com/publication/?i=116298 and choose ‘Contents’ from the menu at the top. The article begins on page 18.

As you can see from the previous post, James Dunn has absolutely no experience in a scientific lab, much less any experience in physics. He has extensive experience in buying and selling hi tech companies and apparently 3 years of experience as a venture capitalist. Mr Dunn, while he might be a very nice man, has no skills or experience to qualify that the theory actually works. His only interest is highly likely to be that of a corporate capitalist looking to make a buck off someone else.

If it is true that this alchemy is now depending on the support of 'famous' people, it seems likely that we will soon hear that Donald Trump and Charles Koch will contribute their rousing support. At that point, the opinions of Dunn, Trump and Koch might be vastly more important to the business community than the opinions of the trained nuclear physicists around the world, and that will finally kill the theory for good. Well Dunn!

There are no more 'respected' institutions joining. That is a fallacy. There are also no HIGHLY QUALIFIED individuals joining recently. The use of your term 'successful individuals' is a misdirection. Nice try.

A better question is why there are no Nuclear Physicists providing peer review to confirm that these cat-boxes actually perform according to Rossi's theory.

Why do you subject us to a garbage dump of press releases and power point presentations from journalists and bankers, but you can't find a single credible peer-review from an actual physicist? Like in a laboratory.

So how is it going at the USPTO? Nowhere! and the UL Certification. No news. None expected. and the status report Rossi promised us 2 weeks ago. Up in vapour. Poof!

So, it's July 10th (at least some places)! What's the timetable now for the first product(s)?

Aug Sep is when they are currently stringing us along to,
here's my prediction... some 'minor setback' will cause delays
into early next year until the next setback...ad nauseum.

P.S. I'm not picking on Damir, you have hope.
I'm just a bit more cynical.

On a positive energy side. Natcore has a process for solar power,
that will increase efficiency (they say) from 17% to around 30%,
while decreasing cost by up to 50% (seems a little optimistic).
So more power for less money...that's FREE ENERGY