The present invention is a solution or colloid of fullerene, SWNTs, or graphene in cyclic terpenes, lactones, terpene-alcohol, fatty-acid alcohols, and lactones following ultrasonication and ultracentrifugation processing, for oil-energy, biological, electrical-thermal applications.The compositions are useful as fuel/oil/grease/gels (synthetic included), oil/fuel/additives/propellants, identification dyes, and heat-transfer fluids. Other functions are phase-change fluids for solar energy power plants, antifreeze, electronic dyes, electrolytic fluid/solvent, electrically-thermally conductive material for electrochemical, dielectric, filler/adhesive for semiconductor, eletro-optical, and liquid crystal substrates/coatings for touch sensitive transmissive or reflective displays.When combined with gelatin the formulations can function as dichroic-optical coatings for thin-films/waveguides/holograms. Such formulations may also be used as photovoltaic paint, electrorheological, thermophoretic-thermodiffusion, electrohydrodynamics, electric propulsion, laser enhancement, plasma jets, and magnetohydrodynamics. Energy use includes high-temperature superconductivity, or hydrogen storage using carbon, alumina, or silica supported Pd, Pt, or Zn catalysts. Biological applications include anticancer, antiviral, antifungal, drug delivery, skin permeable agents, and lubricant use.