October 2, 2008

Inconvenience Is The Mother Of All Invention

Aside from Exxon and the Saudis, I’m probably the only guy in the US who is thrilled with these outrageous gas prices.  If it was up to me I’d push gas prices even higher as I don’t think that there is enough pain at the pump yet.  $10 per gallon would be perfect.

No, I’m not a masochist and no, I don’t own any oil stocks either.  I’m just a regular American who is sick and tired of being held hostage by foreign countries from the Middle East, Russia and Venezuela.  Nothing would make me happier than to see all of them sit on tankers full of oil that are virtually worthless.  I strongly believe that we are getting there.

Inconvenience is the mother of all invention.  Think about all of the historical achievements the world has produced over the years.  Fire, the wheel, cars, computers, airplanes.  Almost all of them born in an effort to solve some kind of inconvenience, some kind of pain.  Using that same model, it stands to reason that being held hostage to these outrageous gas prices will encourage someone, ANYONE to invent a way to get us off of our addiction to foreign oil.  It has.

This summer, Funding Universe has been approached by a number of companies, both big and small who are working on this exact problem.  Some are working on bio fuels, others on solar power or wind power.  We recently worked with a company that developed a product that harnessed wind power from the ocean and converted it into transportable energy.  It has been exciting to see the thought, calculations and designs that have been created by each of these companies and my only regret is that we don’t have more.  Yes sir, a throbbing pain can move a lot of things, including a nation.

Joel Nielsen is a Venture Consultant at Funding Universe and can be emailed at jnielsen@fundinguniverse.com