


The fact that the energy companies are now making their own investments in algae oil is a good sign. The money will be better spent then any government research grant and positive results much more likely. On the other hand this investment indicates that in spite of their public positions on Peak oil their actual opinion on the subject has come around to the position that substitutes will soon be needed and profitable.

Sys1 wrote:Algae technology is in the domain of Jaevon paradox. It is not a new energy but a way to improve the use of fossil fuels by using a part of wastes (CO2) currently produced to have more oil. By the way, be sure this "green" oil will be burnt and will in the end finish in the atmosphere.


bcole wrote:DOE BIOMASS PROGRAM AND ALGAE RESEARCHERS NEED TO BE INVESTIGATED!
Solydra story is opening a huge can of worms at the DOE LOAN GURANTEE LOAN PROGRAM. Its not just about the Solar loan guarantee program. Look at all the millions in fees collected by the DOE LOAN GUARANTEE PROGRAM with algae projects less than 20% completed. An audit is being done on all DOE GRANTS to algae researchers and ndividuals from the DOE that are now working in private industry. Very incestuous!
The US taxpayer has spent over $2.5 billion dollars over the last 50 years on algae research. To date, nothing has been commercialized by any algae researcher.
The REAL question is: Does the DOE BIOMASS PROGRAM really want the US off of foreign oil or do they want to continue funding more grants for algae research to keep algae researchers employed at universities for another 50 years?
In business, you are not given 50 years to research anything. The problem is in the Congressional Mandate that says the DOE can only use taxpayer monies on algae research, NOT algae production in the US. So far, algae research has not got the US off of foreign oil for the last 50 years!
A Concerned Taxpayer
ARPA-E halts algae project, citing missed milestones
Jim Lane | February 16, 2012
Share"In Washington, the DOE has halted a research project at Iowa State University funded by ARPA-E to develop biofuel feedstock from an aquatic micro-organism for failing to reach research milestones. About 56% of the $4.4 million grant was used. Politicians against increasing APRA-E funding as proposed by President Obama’s new budget are using it and other halted ARPA-E projects as examples to reject the program."





http://www.bloomberg.com/news/2010-06-03/exxon-600-million-algae-investment-spurs-khosla-to-dismiss-as-pipe-dream.html




It seems like a reasonable amount to spend on R&D considering the value a substitute for crude oil will have post peak.
Barack Obama has publicly supported algae as a biofuel. Critics says it's as far-fetched as Newt Gingrich's ideas of living on the moon. Now a scientist says he's made a breakthrough: he's making algae capable of producing 400% more hydrogen. Could algae be the solution, not only for US energy independence, but for climate change too?
Last month, President Obama touted fuels produced from immense swaths of algae as the future of energy, providing up to 17 percent of transportation fuel. But how do you get from pond scum to energy-rich fuels that can power our machines?
Reporters from ClimateDesk, a collaborative news service, put together this video explaining how scientists are studying the algae in the lab, why it is a potential fuel source, and how small companies are getting into the game.

Then he has created a new life form heretofore unknown on planet earth. Algae is a photosynthesizing plant that produces oxygen. not hydrogen.Graeme wrote:he's making algae capable of producing 400% more hydrogen.





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