from the here-and-now dept.
TimHarper writes "Nanocatalysis is one area of nanotechnology that is already beginning to alter the economics of energy production, and billion dollar deals have already been signed. The shift away from dependence on oil from the Persian Gulf region also has implications for the bargaining power of OPEC, and provides significant opportunities in the energy sector for both Russia and China. In the post-September 11th world, desire to reduce dependence on imported energy is hot topic both in Washington and Brussels, and nanocatalysis is starting to make this possible."