There’s a company in Japan claiming to have invented a car that runs on nothing but water. This has to be a hoax because, if true, the entire world market will collapse.
More on that in a second, first here’s what they’re saying about that car at a site called Press Core:
Japanese company Genepax presents its eco-friendly car that runs on nothing but water. The car has an energy generator that extracts hydrogen from water that is poured into the car’s tank. The generator then releases electrons that produce electric power to run the car. The electric powered car can run on any type of water (you can even use tea and soda…etc). The car can run for an hour at about 50 miles per hour on just a liter of water; about 2 cans of soda worth. Genepax, the company that invented the technology, aims to collaborate with Japanese manufacturers to mass produce it.
According to the story, Japanese automakers are going to partner up with Genepax to make Toyotas and Nissans that run on only water. No way this could be real. It’s almost appropriate that I found this story last night on the eve of April Fools Day.
If any part of this is even remotely true, every stock market in the world will collapse. Three out of the five largest companies on planet earth are oil companies, eight out of the top 20. Royal Dutch Shell, Exxon Mobile and BP are worth a trillion combined. Then throw in all the refiners, power grid companies, shippers etc…a real-life water-based fuel car engine would turn the world upside down; the most valuable things would become the least valuable things from a Monday to a Tuesday.
Every single geopolitical alliance would be in question and up for grabs. Coastal waterways would be the new oil-saturated deserts. The Middle East would completely implode under the weight of its instant loss of importance.
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
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