Making energy w/ magnets? Groundbreaking technology?

TheRonin · #1 08-23-2006, 12:45 AM

I stole this post from neverwinpoker forum. Any of you guys heard anything about this company or their technology? if so how will this effect future markets and if the effect is positvie where can I get a piece of the company.

A company called Steorn in Dublin, Ireland says it has figured out a way to use magnets to produce a [censored] ton of free, clean energy. It sounds like it offends every law of physics, but if this works, everything you own will be powered by this technology within a few years.

Link follows
http://www.steorn.net/frontpage/default.aspx

FNG · #2 08-23-2006, 06:51 AM

Everything about this screams 'scam'.

natedogg · #3 08-23-2006, 12:29 PM

Defying the laws of physics is a good way to make lots of money. I hadn't thought of that one.

natedogg

Mr. Now · #4 08-23-2006, 04:18 PM

And if this works every energy company on the planet is now worth 05% of its previous value. Hmmm.

talentdeficit · #5 08-23-2006, 04:36 PM

someone claims to have made a breakthrough in the field of magnets every 3-5 years. no one ever has.

maxtower · #6 08-23-2006, 07:56 PM

Don't all generators already use a magnetic field to produce electricity?

ChromePony · #7 08-24-2006, 07:27 AM

[ QUOTE ]
A world with an infinite supply of clean energy for all.

Our technology has been independently validated by engineers and scientists - always off the record, always proven to work.

[/ QUOTE ]

Ooooh magnets, sounds legit.

ChromePony · #8 08-24-2006, 07:31 AM

and it gets better, whats funny is that they use this blurb in support of their work

[ QUOTE ]
Steorn’s technology appears to violate the ‘Principle of the Conservation of Energy’ , considered by many to be the most fundamental principle in our current understanding of the universe . This principle is stated simply as ‘energy can neither be created nor destroyed, it can only change form’.

[/ QUOTE ]

growlers · #9 08-24-2006, 06:33 PM

A more interesting and plausible thing is the development of higher temperature superconductors to transport electricity with no loss, this stuff looks like a scam to me.

pig4bill · #10 08-25-2006, 01:09 AM

Wait a second. How about if you put the magnets INSIDE a pyramid!

I have a few friends that always make money on these types of schemes. Always. They sell the stock short.