A method for identifying and measuring volume fraction constituents (15, 16, 17) of a fluid, comprising: providing a source of fluid, the fluid having a volume fraction constituent, and wherein the volume fraction constituent has a previously determined and known dielectric constant, and a previously determined and known resonance point; providing a database having accessible stored information about the previously determined and known dielectric constant of the volume fraction constituent and accessible and stored information about the previously determined and known resonance point of the volume fraction constituent and resonance points of concentrations of the volume fraction constituents (15, 16, 17); providing a probe exposed, at least in part, to the fluid, and wherein the probe has a known length; providing an electrical pulse emitter which electronically generates an electrical pulse which is delivered to the probe, and which further travels the known length of the probe and which generates an electrical pulse reflection; providing an electrical pulse sampler electronically coupled with the probe and which further receives and senses the electrical pulse reflection generated by electrical pulse within the probe; providing a computer electronically coupled with the probe, the electrical pulse emitter, the electrical pulse sampler, and the database, and wherein the computer determines a time period between the electrical pulse emission into the probe, and the receipt of the sensed electrical pulse reflection from the probe, and wherein a resonance point of the volume fraction constituent is calculated by the computer from the determined time period, and wherein the computer further correlates the determined time period to the previously determined and known dielectric constant and correlates the calculated resonance point to the previously determined and known resonance point of the volume fraction as provided in the database so as to identify the volume fraction constituent in the fluid and the volume of the volume fraction constituent in the fluid; providing a user interface electronically coupled with the computer, and which further generates a user perceivable output which identifies the volume fraction constituent of the fluid and the volume of the volume fraction constituent in the fluid; applying a Fast Fourier Transform to the determined time period to determine a resonant frequency and determine resonance points of the volume fraction constituent; and applying a Power Spectral Density calculation to the Fast Fourier Transform frequency to determine amplitude and strength of the resonance point. providing a source of fluid, the fluid having a volume fraction constituent, and wherein the volume fraction constituent has a previously determined and known dielectric constant, and a previously determined and known resonance point; providing a database having accessible stored information about the previously determined and known dielectric constant of the volume fraction constituent and accessible and stored information about the previously determined and known resonance point of the volume fraction constituent and resonance points of concentrations of the volume fraction constituents (15, 16, 17); providing a probe exposed, at least in part, to the fluid, and wherein the probe has a known length; providing an electrical pulse emitter which electronically generates an electrical pulse which is delivered to the probe, and which further travels the known length of the probe and which generates an electrical pulse reflection; providing an electrical pulse sampler electronically coupled with the probe and which further receives and senses the electrical pulse reflection generated by electrical pulse within the probe; providing a computer electronically coupled with the probe, the electrical pulse emitter, the electrical pulse sampler, and the database, and wherein the computer determines a time period between the electrical pulse emission into the probe, and the receipt of the sensed electrical pulse reflection from the probe, and wherein a resonance point of the volume fraction constituent is calculated by the computer from the determined time period, and wherein the computer further correlates the determined time period to the previously determined and known dielectric constant and correlates the calculated resonance point to the previously determined and known resonance point of the volume fraction as provided in the database so as to identify the volume fraction constituent in the fluid and the volume of the volume fraction constituent in the fluid; providing a user interface electronically coupled with the computer, and which further generates a user perceivable output which identifies the volume fraction constituent of the fluid and the volume of the volume fraction constituent in the fluid; applying a Fast Fourier Transform to the determined time period to determine a resonant frequency and determine resonance points of the volume fraction constituent; and applying a Power Spectral Density calculation to the Fast Fourier Transform frequency to determine amplitude and strength of the resonance point.