Skip to comments.Exxon’s $100m Algae Investment Falls Flat
Posted on 05/30/2013 11:20:15 PM PDT by Vince Ferrer
click here to read article
Don’t you just love the idiots that think there is no cost in producing a barrel of oil.
Everything is free don’t you know.
These are the kind of idiots who’s knees would buckle if they had to pay for one day of a workover rig.
I'd like them to put their 'rounding error' in my bank account.
That work is too tough for this old man. Liberals hear $5billion in profit and can’t understand stand it took $100billion in sales to get there in the gasoline business. % % %.
People don’t realize most of what’s called “Big Oil” the refineries, don’t produce enough oil for their needs they have to buy it from somewhere.
The independent operators drilling the wells may never get their money back and turn a profit on the well, it cost more to drill the well than they ever get out of it.
If the price wasn’t were it is, a lot of those wells would never get drilled, it cost too much to drill and complete a well to get a lower price.
The oil business isn’t for the faint hearted, it’s one big gamble and more loose than win.
The only thing I can think of, is for the sake of the solar. Algae turn sunlight energy to carboniferous biomass. But I’d consider it more logical to try to do something like that, not in a desert, but near Hawaii, where solar could be used to operate a saltwater to freshwater still (and there’s also lots of rain where God has already done the distillation for them).
that is very true.
This is it, not sure how it works but you can see a lot of exposed water.