Is it true that oil inverstors fear the name 'PERENDEV'?

Question

I saw the magnetic motor he builds in Youtube and amazingly it works!.wow,this invention in reality can replace our typical coal,petroleum,hydro,solar and nuke power supplies.He just uses a basic magnetic principles of pushing(south pole) and pulling(north pole) to make a rod spins and this can generates enough electricity for a house.This is amazing.Seriously,I'm quite surprised when i read some stupendous comments from viewers that said it can never work due to laws of physics bla..bla..bla(they can't fool us.even an eight year old know this is possible).I heard rumors that some 'officials' conspires to 'wash' away his invention because it's considered as major 'disturbance' for the future oil company.This is sick!!...

Any comments?....

Answer 1

ONLY an eight year old "knows" this is possible, by the time you get to the sixth grade you'll realize that the "laws" of thermodynamics are called "laws" because there is pretty darn good evidence for them and no known exceptions at a macroscopic level.

So, No, oil investors do not fear the name 'PERENDEV', or even give it a second thought.