The automotive industry is constantly trying to identify what the next energy source for cars will be. John Brandon, journalist for Fox News called upon Agora Financial’s Byron King and Patrick Cox to break down which energy sources may be an option.
While discussing the option of hydrogen-based fuels, Byron King – editor of Outstanding Investments – offered that “the main problem with hydrogen-powered cars is that the hydrogen has to be created first by electrolyzing water… [The] process is expensive and complex, [which are] two killers in the auto industry.”
Patrick Cox was then introduced for his expertise on thorium technologies – which he has extensively covered in his Breakthrough Technology Alert newsletter. Cox said “thorium could become a potential fuel source for future cars because it is so abundant, easily mined, safe to handle, and cannot be weaponized.”
He added: “Because thorium produces such a small amount of radioactive waste, the costs associated with transporting and using thorium in future cars would be 50 percent less than using uranium.”
King pointed out, however, that “it could take 50 years before researchers come up with a viable thorium-fueled engine.”
Read the full article, including more commentary from King and Cox by clicking here.
More about Byron King.
More about Patrick Cox.
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