Skip to comments.Obama's Favorite Algae Company
Posted on 02/26/2012 9:18:04 AM PST by Oldeconomybuyer
President Obamas reference to algae in his Thursday energy speech drew flak over the weekend from Newt Gingrich, who called it weird before calling algal biofuel a terrific concept. But Obama had political reasons to promote algae in Florida, the sunny, swampy, politically-volatile state he carried in 2008.
The Obama Administration has already sunk $25 million into a Florida companyAlganol Biofuelsthat is building an algae biorefinery using a patented technology that promises to streamline the process of extracting oils from algae so they be converted to ethanol.
Were making new investments in the development of gasoline and diesel and jet fuel thats actually made from a plant-like substance algae, Obama said in Miami. Youve got a bunch of algae out here, right? If we can figure out how to make energy out of that, well be doing all right.
Obamas remarks rest on a 2011 study by the Energy Departments Pacific Northwest National Laboratory, which found that 17 percent of U.S. oil imports could be displaced by domestic biofuels from algae.
The authors consider 17 percent a viable number based on optimal land and water and geographic placement of algae farms.
They did not propose a timeline for development of an algal energy industry, but they identified a potential Achilles Heel of algal biofuels: up to 350 gallons of fresh water would be needed to produce one gallon of oil from algae.
(Excerpt) Read more at forbes.com ...
Great post OEB.
Three hundred fifty gallons of water to produce one gallon of oil!
These clowns will stop at nothing, even the laws of physics and economics, in using our hard-earned dollars to promulgate their fantasy world.
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I don’t think there is enough pond scum in Florida to provide enough fuel for one medium sized city let alone they whole USA. What is the government smoking?
Co founder has ties to Chicago?
That’s a shock!
Edward Legere MBA
Founder, Executive Vice President and Director, Algenol, LLC
Age Total Calculated Compensation This person is connected to 1 Board Members in 1 different organizations across 3 different industries.
See Board Relationships
Mr. Edward J. Legere, MBA is the Founder of Algenol, LLC and serves as its Executive Vice President. Mr. Legere Co-Founded Algenol Biofuels Inc in 2006 and serves as its Executive Vice President and also served as its Chief Financial Officer. Mr. Legere has over 18 years experience in the biotechnology industry as a consultant and active business manager and has over ten years of public company experience in the role of member of the Board of Directors. He served as ... Full time Consultant of Peregrine Pharmaceuticals Inc. since March 17, 2003. Since December 1995, Mr. Legere has been the general partner of Biotechnology Development, Ltd. He served as President and Chief Executive Officer of Peregrine Pharmaceuticals Inc. from April 2001 to March 17, 2003 and launched Avid Bioservices as a wholly owned subsidiary. Prior to Peregrine, Mr. Legere served as the President of Unified Management Corp. since September 1992. He serves as a Director of Algenol, LLC. Mr. Legere served as a Director of Peregrine Pharmaceuticals Inc. since December 29, 1999. Prior to that, Mr. Legere served as a Director of Peregrine from October 28, 1992 to September 8, 1998. Mr. Legere holds a B.S. degree in international business from Florida Atlantic University in Boca Raton, Florida and a M.B.A. from the University of Chicago, Chicago, Illinois.
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28100 Bonita Grande Drive
Bonita Springs, Florida 34135
Board Members MEMBERSHIPS
Founder, Executive Vice President and Director
Former Consultant and Director
Peregrine Pharmaceuticals Inc.
The University of Chicago
Florida Atlantic University
University of Chicago, The College
It has nothing to do with fantasy. It is the cold reality of graft.
More green insanity. It takes 350 gallons of fresh water to make ONE gallon of fuel from algae. They can’t really be this stupid, can they?
“The Obama Administration has already sunk $25 million into a Florida company...”
That works out to $5,000,000 to the company and $20,000,000 back to the owebama campaign.
I the real world that would be illegal but we now live in a virtual world where the economy is rebounding, jobs are being created everywhere, and owebama is going to make sure that we all pay our fair share - to him.
There is plenty of pond scum in washington, including congress and all other branches of bozo’s goverment which will supply enough pond crap to make unlimited gas.
Algae Biofuel has been produced and tested by the US Navy.
It costs nearly $33/gal.
A Rand Corporation study has found that there is no way to reduce the cost to make it a viable fuel for military use.
This tagline is free to anyone who wants it:
GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer
The government DID fund the initial research and development of the Internet, however it was strictly a military project designed to ensure military communications after a nuclear strike.
All the commercial applications since then have been through PRIVATE INVESTMENTS!
But then telling lies is all this government does. Well, that and commit what any other administration in the history of the United States would have been labeled crimes by the media.
Worst fuel ever. Absorbs water, doesn't have near the bang for the buck as gasoline, destroys the fuel system in cars not designed for it (and that design just raises the cost of the car), etc.
[Three hundred fifty gallons of water to produce one gallon of oil!]
Yeah but ummm, look, if we built this large wooden badger....
Did I miss SNL’s “President Algae” skit last night? Wait. You’re saying there wasn’t one? I’m shocked.
>>Youve got a bunch of algae out here, right?
Now that’s not a very nice thing to say about his constituency. I don’t care who they are.
I say scrap the algae idea until they can find something that will grow with sea water! Isn’t fresh water a valuable commodity now days?
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