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Obama's Favorite Algae Company
Forbes ^ | February 26, 2012 | by Jeff McMahon

Posted on 02/26/2012 9:18:04 AM PST by Oldeconomybuyer

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1 posted on 02/26/2012 9:18:10 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer

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.


2 posted on 02/26/2012 9:27:38 AM PST by Fightin Whitey
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


3 posted on 02/26/2012 9:27:47 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Oldeconomybuyer
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.>


4 posted on 02/26/2012 9:30:35 AM PST by mc5cents
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To: Oldeconomybuyer

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?


5 posted on 02/26/2012 9:33:31 AM PST by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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To: Oldeconomybuyer

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


6 posted on 02/26/2012 9:34:39 AM PST by COUNTrecount (Barry...above his poi grade.)
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To: Fightin Whitey
These clowns will stop at nothing, even the laws of physics and economics, in using our hard-earned dollars to promulgate their fantasy world.

It has nothing to do with fantasy. It is the cold reality of graft.

7 posted on 02/26/2012 9:38:08 AM PST by facedown (Armed in the Heartland)
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To: Oldeconomybuyer

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?


8 posted on 02/26/2012 9:40:47 AM PST by Josephat (The old claim your evengelizing people who haven't heard the gospel, but go to a Catholic country tr)
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To: Oldeconomybuyer

“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.


9 posted on 02/26/2012 9:43:40 AM PST by 43north (BHO: 50% black, 50% white, 100% RED)
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To: mountainlion

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.


10 posted on 02/26/2012 9:46:11 AM PST by tiger63
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To: Oldeconomybuyer

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.


11 posted on 02/26/2012 9:46:41 AM PST by Yankee (ANNOY THE RNC AND THE MEDIA: NOMINATE NEWT GINGRICH!)
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To: Fightin Whitey
These clowns will stop at nothing, even the laws of physics and economics, in using our hard-earned dollars to promulgate their fantasy world line their friends' pockets with our tax dollars

Fixed...

12 posted on 02/26/2012 9:55:29 AM PST by piytar (Rebellion is here! Free Republic is on the front line! NEVER SURRENDER!)
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To: Oldeconomybuyer

This tagline is free to anyone who wants it:

GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer


13 posted on 02/26/2012 9:58:58 AM PST by GOPJ (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer)
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To: Oldeconomybuyer
ALGAEMAN, ALGAEMAN
14 posted on 02/26/2012 10:08:25 AM PST by FrankR (You are only enslaved to the extent of the entitlements you receive.)
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To: Oldeconomybuyer
One of the MANY things that piss me off about the way the Obama regime and their apologists "defend" the massive graft to supporters they call "supporting innovation" is the lying way they talk about how the government invented the Internet.

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

15 posted on 02/26/2012 10:09:30 AM PST by MarkL (Do I really look like a guy with a plan?)
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To: Oldeconomybuyer
process of extracting oils from algae so they be converted to ethanol.

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!!!

16 posted on 02/26/2012 10:09:55 AM PST by upchuck ("The heart of the wise inclines to the right, but the heart of the fool to the left." Ecclas. 10:2)
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To: Fightin Whitey

[Three hundred fifty gallons of water to produce one gallon of oil!]

Yeah but ummm, look, if we built this large wooden badger....


17 posted on 02/26/2012 10:21:18 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: upchuck

Did I miss SNL’s “President Algae” skit last night? Wait. You’re saying there wasn’t one? I’m shocked.


18 posted on 02/26/2012 10:22:06 AM PST by freemarketsfreeminds
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To: Oldeconomybuyer

>>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.


19 posted on 02/26/2012 10:23:31 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: LomanBill

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?


20 posted on 02/26/2012 10:26:20 AM PST by Bassfire (Remember the Alamo!)
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To: Oldeconomybuyer
Photobucket
21 posted on 02/26/2012 10:27:26 AM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: freemarketsfreeminds

Maybe he’ll make an appearance on SpongeBob SquarePants.


22 posted on 02/26/2012 10:30:06 AM PST by SilvieWaldorfMD
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To: Roscoe Karns

ping


23 posted on 02/26/2012 10:31:05 AM PST by EveningStar
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To: Fightin Whitey
>>Three hundred fifty gallons of water to produce one
>>gallon of oil!
>>
>>Freaking unbelievable.
 
On the 2nd page:
 
"That’s where Florida’s Alganol Biofuels comes in: its biorefineries grow algae in saltwater"
 
 
"The right to search for the Truth implies also a duty; one must not conceal anything one has recognized to be true"
--Albert Einstein.
 
 

24 posted on 02/26/2012 10:31:05 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: Bassfire

[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.


25 posted on 02/26/2012 10:33:15 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: Oldeconomybuyer
"If we can figure out how to make energy out of that, we’ll be doing all right.”

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.

26 posted on 02/26/2012 10:43:29 AM PST by Spunky
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To: Oldeconomybuyer

I see Dow was smart enough to bail.


27 posted on 02/26/2012 10:51:00 AM PST by Madame Dufarge
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To: Oldeconomybuyer
The authors consider 17 percent a viable number based on optimal land and water and geographic placement of algae farms.

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.

28 posted on 02/26/2012 10:55:28 AM PST by Carry_Okie (The RNC would prefer Obama to a conservative nominee.)
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To: freemarketsfreeminds
Did I miss SNL’s “President Algae” skit last night?

Wouldn't know. Don't own a TV.

29 posted on 02/26/2012 10:56:26 AM PST by upchuck ("The heart of the wise inclines to the right, but the heart of the fool to the left." Ecclas. 10:2)
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To: SilvieWaldorfMD

“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 ).


30 posted on 02/26/2012 11:17:36 AM PST by Stosh
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To: Oldeconomybuyer

Obama’s green base does somersaults when they hear words like algae.


31 posted on 02/26/2012 11:33:20 AM PST by Rennes Templar
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To: Oldeconomybuyer

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.


32 posted on 02/26/2012 11:38:20 AM PST by ngat
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To: Stosh

Plankton’s restaurant is called The Chum Bucket.

If the name fits............


33 posted on 02/26/2012 11:38:51 AM PST by SilvieWaldorfMD
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To: Oldeconomybuyer

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.


34 posted on 02/26/2012 11:39:33 AM PST by ngat
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To: LomanBill

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.


35 posted on 02/26/2012 11:42:46 AM PST by Fightin Whitey
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To: Oldeconomybuyer

36 posted on 02/26/2012 11:48:46 AM PST by Gritty (Like Lenin, Obama's aim is to make things worse to make them better - James Lewis)
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To: Fightin Whitey

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?


37 posted on 02/26/2012 11:52:45 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: Madame Dufarge

>>I see Dow was smart enough to bail.

What was the ticker value for Apollo circa 1968?


38 posted on 02/26/2012 12:01:32 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: Fightin Whitey

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


39 posted on 02/26/2012 12:19:46 PM PST by FreeAtlanta (Liberty and Justice for ALL)
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To: LomanBill

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.


40 posted on 02/26/2012 12:29:54 PM PST by Fightin Whitey
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To: FreeAtlanta

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.


41 posted on 02/26/2012 12:48:54 PM PST by Fightin Whitey
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To: LomanBill

>> 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.


42 posted on 02/26/2012 1:01:59 PM PST by Gene Eric (Newt/Sarah 2012)
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To: Oldeconomybuyer

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.


43 posted on 02/26/2012 1:04:55 PM PST by maine-iac7 (.)
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To: FrankR

LO9VE IT-

SEND TO NEWT’S PAC


44 posted on 02/26/2012 1:07:21 PM PST by maine-iac7 (.)
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To: COUNTrecount

University of Chicago-Axelrod.


45 posted on 02/26/2012 1:12:21 PM PST by wiggen (The teacher card. When the racism card just won't work.)
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To: Tzimisce
CHEBY runs deeeep.... (what kind of fish IS this ?)
46 posted on 02/26/2012 1:46:10 PM PST by flat
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To: Oldeconomybuyer

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.


47 posted on 02/26/2012 2:16:37 PM PST by Rio
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To: SilvieWaldorfMD

“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.


48 posted on 02/26/2012 2:16:45 PM PST by Wisconsinlady (KEEP YOUR LEGISLATORS ON SPEED DIAL AND TELL THEM TO GROW SOME)
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To: Bassfire
“Isn't fresh water a valuable commodity now days?” It is here in Florida. here in lake country, our lakes are so low code enforcement has been fining folks for not cutting the grass under their boat slips/docks!
49 posted on 02/26/2012 2:23:29 PM PST by goodtomato (I'm really, really blessed! WWW.MIKEMcCALISTERFORSENATE.COM check him out!)
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To: Oldeconomybuyer

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!


50 posted on 02/26/2012 2:30:23 PM PST by True Republican Patriot (May GOD SAVE OUR AMERICA from ALLAH and his Prophet, HUSSEIN OBAMA!!)
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