My friend Laura recently tipped me off to exciting developments in Algae as a clean, domestic, alternative energy. Watch this amazing YouTube clip:
Actually we have had known about the potential for Algae oil since the 1970's. See Algae Interests Align
“Algae has been the feedstock of the future for a long time, dating back to the National Renewable Energy Laboratory’s Aquatic Species Program that ran from the 1970s until its demise in the 1990s. When virgin vegetable oil began its ascent from 20 cents a pound to 50 cents and more, algae started to attract even more attention. Some industry watchers say there are more than 200 companies pursuing plans to grow algae or process it into biodiesel. Major energy companies such Royal Dutch Shell and Chevron have partnered with some of the algae start-ups as have companies looking for a stable fuel supply, including Boeing and several airlines. The federal government has provided many grants for basic and applied research to further the pursuit of algae-based fuels.
“But what has been the result of all this interest and activity? Despite all the promising technology and money invested, there is no current commercial production of algae for energy. Is algae, as the saying goes, five years from success and always will be?
“Major players in the industry say 2009 could be the year when algae finally starts living up to its potential. Algae producers are starting to band together to share knowledge and educate investors. Two national organizations have started giving the industry a forum to spur these communication efforts. The National Algae Association is based in Texas and the Algal Biomass Organization was organized on the West Coast.”
Now that the oil men are out of the White House, one can only imagine the miraculous solutions we can find to our present problems.
Cory’s Chart Corner
- Boom-Bust repeat. History calls B.S on "it's different this time", it's always different.
h/t Jessie Felder
about 15 hours ago
- Very impressive...however, given we're a consumption led economy, robots will become just another channel of wealth… https://t.co/OcCREIZbuL
about 18 hours ago
- What determines an inverted yield curve w/QE distortions and a short end at 1.25%...does the 10 yr really have to g… https://t.co/9NEwz1H25x
about 3 days ago
- Boom-Bust repeat. History calls B.S on "it's different this time", it's always different. h/t Jessie Felder
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