Posted on 02/26/2012 9:18:04 AM PST by Oldeconomybuyer
President Obama’s 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 company—Alganol Biofuels—that 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.
“We’re making new investments in the development of gasoline and diesel and jet fuel that’s actually made from a plant-like substance — algae,” Obama said in Miami. ” You’ve got a bunch of algae out here, right? If we can figure out how to make energy out of that, we’ll be doing all right.”
Obama’s remarks rest on a 2011 study by the Energy Department’s 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!
Freaking unbelievable.
These clowns will stop at nothing, even the laws of physics and economics, in using our hard-earned dollars to promulgate their fantasy world.
The list, Ping
Let me know if you would like to be on or off the ping list
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!
NOT.
Edward Legere MBA
Founder, Executive Vice President and Director, Algenol, LLC
7
7
Age Total Calculated Compensation This person is connected to 1 Board Members in 1 different organizations across 3 different industries.
See Board Relationships
48 —
BACKGROUND
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.
Read Full Background
CORPORATE HEADQUARTERS
28100 Bonita Grande Drive
Bonita Springs, Florida 34135
United States
Phone: 239-498-2000
Fax: 239-948-4996
Board Members MEMBERSHIPS
Founder, Executive Vice President and Director
Algenol, LLC
1999-N/A
Former Consultant and Director
Peregrine Pharmaceuticals Inc.
EDUCATION
MBA
The University of Chicago
BS
Florida Atlantic University
MBA
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.
Fixed...
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.
Mark
LOL!!!
Ethanol???
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.
Maroons!!!
[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.
>>You’ve 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?
Maybe he’ll make an appearance on SpongeBob SquarePants.
ping
[I say scrap the algae idea until they can find something that will grow with sea water! ]
Umm. Read the 2nd page.
The algae idea was a good one when W was in office, and it still has merit - especially if the ~can use sea water.
There are still plenty of good reasons to Toss the Saladin in 2012.
You mean they don't even know how? Also I imagine ALL of us pond people who Hate algae in our ponds will get fined for using chemicals to kill it off.
I see Dow was smart enough to bail.
They should float the freaking farms on the ocean, using a genome incapable of surviving saltwater (which makes the surroundings the containment zone). If there's a storm, sink it about thirty meters down. Hell, put the refinery out there too. Grow food for the workforce. Stake claims on the sector. Start a new country.
Wouldn't know. Don't own a TV.
“Maybe he’ll make an appearance on SpongeBob SquarePants.”
Somehow I have a feeling Plankton is behind this whole scheme . . .
(Now if it actually was economically viable, you can be sure Mr. Krabs would somehow have his fingers - err, claws - in it ).
Obama’s green base does somersaults when they hear words like algae.
After reading the whole article in forbes, including the opening sentence, it seems to me the real purpose of the article was to make Gingrich look contradictory and confused. Is Forbes magazine and this author McMahon on board with Romney by any chance?
Here’s what Newt actaully said that included the word “weird”:
“And maybe what we ought to do at Newt.org is we ought to get t-shirts that say ‘You choose.’ Gingrich went on to suggest the slogans, ‘You have Newt: Drill here, Drill Now, Pay Less. You have Obama: Have Algae, Pay More, Be Weird.”
Pretty funny, I thought. In context, what Gingrich had to say about the biofuel from algae situation that Obama brought up, made good sense.
Plankton’s restaurant is called The Chum Bucket.
If the name fits............
After reading the whole article in forbes, including the opening sentence, it seems to me the real purpose of the article was to make Gingrich look contradictory and confused. Is Forbes magazine and this author McMahon on board with Romney by any chance?
Here’s what Newt actaully said that included the word “weird”:
“And maybe what we ought to do at Newt.org is we ought to get t-shirts that say ‘You choose.’ Gingrich went on to suggest the slogans, ‘You have Newt: Drill here, Drill Now, Pay Less. You have Obama: Have Algae, Pay More, Be Weird.”
Pretty funny, I thought. In context, what Gingrich had to say about the biofuel from algae situation that Obama brought up, made good sense.
All due praise to you for thoroughness.
I hope you will remain so vigilant as this latest (ethanol, wind, solar) tax-funded boondoggle runs its course.
Maybe we should’ve just sat with our thumb up our arse whilst the Soviets and Chicoms landed on the moon first too ehh — whilst waiting for a pure “commercial” vulturely-funded endeavor?
Was the Apollo program a tax-funded boondoggle as well?
When you planning on releasing your own DARPAnet?
>>I see Dow was smart enough to bail.
What was the ticker value for Apollo circa 1968?
As much as I would love to mock obama and the greenies on the water consumption, it really isn’t a problem. Water doesn’t just go away or get destroyed.
It is one of the ultimate recyclables and just cycles around and around and around.
If they had to burn energy to desalinate, that would an issue, but if they just pull from rivers or lakes, then big deal. It will evaporate, then rain back down somewhere else.
I get sick of hearing the left talk about “saving water”. If your area is desert or has a lack of water, then conservation is good, but the water doesn’t get destroyed like the terminology the lefties use make it seem.
JOMO
I don’t care what you sit with up your arse.
If you want to compare Algae-Gazprom with NASA that’s your (idea) of business too.
Far as I’m concerned, you and your kind can sit and credit Al Gore for the successes of Apple and Microsoft as well. I’m sure you figure his invention of the internet was at least an inspiration for THOSE WHO GOT THE DAMNED HARD WORK DONE ON THEIR OWN IN THE PRIVATE SECTOR.
My suggestion is that you put your own money (if you have any) where your mouth is (if it ain’t to far up your arse to get to already), and hurry out there and invest in some of these Democrat jackpots.
Oh, and be sure to let us know when you and Barry roll out your “Five-Year-Plan” for your grand state-sponsored successes, okay? As he has noted, and I’m sure you are excited about, he (and you) only have another five years left.
As far as my “DARPAnet”—mister, I own my own business, I make my own money, I pay my own bills, I tend to my own affairs. I hope that’s still okay with you and Barry.
Much of the area where I live and work DOES tend toward aridity, though that’s not my chief gripe about projects like this.
What bugs me is that we are constantly legislated and regulated toward conservation of water and everything else, regardless of the legitimacy or practicality of such conservation.
Of course all the supposed standards and regs fall by the wayside when a boondoggle project is put forward by the leftists. Then it doesn’t matter how much water or land or wildlife or whatever needs to be sacrificed.
I agree with you about silly scare tactics used in the name of water conservation and so on—some of that goes on in my home areas too. On the other hand, good water IS precious, and it will be more and more a precious commodity (as well as a precious substance), don’t you suppose?
I can think of better uses for it than compulsory diversion to state-sponsored rip-off schemes.
>> When you planning on releasing your own DARPAnet?
Unlike space travel, the Internet was an inevitability like the light bulb and phone. Not a good example of taxpayer funded initiatives. The JFK Moon effort was a quasi Military operation.
I’m a big proponent of NASA, but I view NASA as an extension of the Military in terms of resource requirements, security, deregulated operating liberty, etc.
The notion the govt must be involved in the advancement of society if there’s to be any is a fallacy save the Military/NASA scenarios.
He’s at least fulfilling one campaign promise: redistributing the wealth to his cronies - disguised as stimulus money.
Anybody yet account for the millions that went to, for one example, Solyndra, that went belly up so fast it makes your head spin.
Just whose pockets did most of the money slip into?
No one seems to care.
LO9VE IT-
SEND TO NEWT’S PAC
University of Chicago-Axelrod.
(what kind of fish IS this ?)
There is a thriving algae company here (http://www.klamathbluegreen.com/)
But there’s more money in algae as a food supplement than as fuel.
“Plankton’s restaurant is called The Chum Bucket.
If the name fits............”
LOL. That’s right! And The Krusty Krabs could be pertaining to Bill Clinton.
The DUTCH learned two hundred years ago that Wind Power Sucks! Why is the Greatest Nation ever on Earth chasing Windmills, Solar Panels that dont work on cloudy or rainy days and get dirty and constantly need to be cleaned, thousands of acres of them at a time, and now freakin Green Pond Scum to Ethanol, especially after the Debacle of Turning FOOD CORN to Ethanol, 6 ears of every ten we produce with massive Federal Subsidies and that fuel is destroying our automotive, marine, and Utility Engines (Lawn Mowers, Generators, Snow Blowers, etc.) at a Terrible Rate that is cosyting Billions and Billions in Damage Repair Dollars! Oh!! I forgot, its Obama HUSSEIN destroying America in yet one more insiduous treatorous way of Destroying His HATED AMERICA from Within!! Obama HUSSEIN has certainly taken over where the 9-11 Terrorists terminated in their quest to destroy America, the Enemy of MUSLIMS EVERYWHERE!! ISLAM is NOT A RELIGION OF PEACE, but rather a CULT OF HATE, TORTURE, MURDER AND TREACHERY of their Perceived INFIDELS!
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