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Keyword: solazyme

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  • Algae Alimony: Obama donors stand to profit from president’s latest green energy fixation

    03/20/2012 7:56:24 PM PDT · by Nachum · 7 replies
    Free Beacon ^ | 3/20/12 | ndrew Stiles -
    President Obama’s most recent green energy fixation—algae—may suffer from the accusations of cronyism that have plagued his broader effort to promote non-fossil fuel energy sources through massive federal subsidies. Solazyme, a San Francisco-based firm that specializes in the plant matter, has received more than $25 million in federal grants and contracts as part of Obama administration’s controversial stimulus package, and is poised to receive millions more as part of the president’s recent efforts to promote green biofuels such as algae. The firm employs a former member of the Obama-Biden transition team who, according to one online bio, “played a key...
  • Crony Capitalism and Algae Energy

    03/20/2012 6:53:20 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 03/20/2012 | Thomas Lifson
    Why on earth did President Obama offer algae as a solution to America's energy problems? I suspect that if he could, he would press the rewind button and erase the comment, as it has exposed him to widespread ridicule from heavyweights like Charles Krauthammer.  But the question remains: why bring it up at all?An answer may lie in his addiction to crony capitalism. Andrew Stiles of the Washington Free Beacon reports: Solazyme, a San Francisco-based firm that specializes in the plant matter, has received more than $25 million in federal grants and contracts as part of Obama administration's controversial...
  • Navy Biofuel Deal is 'Cost Prohibitive,' 'Another Solyndra,’ Critics Say

    12/23/2011 10:22:40 AM PST · by jazusamo · 24 replies
    CNSNews ^ | December 23, 2011 | Fred Lucas
    Navy jet takes off from U.S.S. Ronald Reagan. (U.S. Navy photo) (CNSNews.com) – The Obama administration’s deal to buy 450,000 gallons of biofuel for Navy jets comes at a cost of up to nine times higher than regular fuel, a spokesman for Sen. James Inhofe (R-Okla.) said, coming at a time when the U.S. military is already facing deep budget cuts. Inhofe, a member of the Senate Armed Services Committee and former chairman of the Senate Environment and Public Works Committee, has supported biofuel projects in the past, but has problems with a program the U.S. Department of Agriculture...
  • Jet Fuel-Gate Is Obama's New Solyndra

    12/14/2011 9:00:17 PM PST · by PENANCE · 20 replies
    Investors' Business Daily ^ | Posted 12/13/2011 06:58 PM ET | IBD Editorial
    Ecofanaticism: SolyndraGate was no isolated case of corrupt government misspending. The U.S. Navy was just forced to buy 450,000 gallons of biofuels from an Obama-connected firm at an outrageous $16 per gallon. The massive Obama stimulus was supposed to generate millions of jobs, but the $535 million loan guarantee it gave to solar panel maker Solyndra on the eve of its Chapter 11 bankruptcy illustrated the fundamental incompetence of Obama's neo-Keynesian economic ideology. Now we find the Navy partnering with the Agriculture Department to purchase hundreds of thousands of gallons of alternative biofuel in place of standard JP-5 fuel for...
  • Jet Fuel-Gate Is Obama's New Solyndra

    12/13/2011 5:56:21 PM PST · by Nachum · 74 replies
    Investor's Business Daily ^ | 12/13/11 | Staff
    Ecofanaticism: SolyndraGate was no isolated case of corrupt government misspending. The U.S. Navy was just forced to buy 450,000 gallons of biofuels from an Obama-connected firm at an outrageous $16 per gallon. The massive Obama stimulus was supposed to generate millions of jobs, but the $535 million loan guarantee it gave to solar panel maker Solyndra on the eve of its Chapter 11 bankruptcy illustrated the fundamental incompetence of Obama's neo-Keynesian economic ideology. Now we find the Navy partnering with the Agriculture Department to purchase hundreds of thousands
  • Navy buys biofuel for $16 a gallon

    12/11/2011 4:28:39 PM PST · by Hojczyk · 36 replies
    Hot Air ^ | December 11,2011 | J.E. DYER
    Teaming up with the Department of Agriculture (which has a cheery Rotary Club ring to it), the Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about 4 times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon. You won’t be surprised to learn that a member of Obama’s presidential transition team, T. J. Glauthier, is a “strategic advisor” at Solazyme, the California company that is selling a portion of the biofuel to the Navy. Glauthier worked – shock, shock – on the energy-sector portion of the 2009...