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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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