Algae For Profit.Nice Tidbits in this video incude Exxon investing in algae bio fuels, continental airlines flying a test flight with bio fuels and ENN, a large energy company in China investing in Bio Fuels. Proof of concept work has already shown oil can be made and used from Algae. Now, all that remains is showing that it can be scaled in a cost effective manner. Chevron has stated it does not see Algae replacing fossil fuels completely, but Bill Gates and Exxon have bet a combined $700 Million that it will make a profitable business in the years to come. If the estimate of $60-$80 per barrel is correct, then the current market price of $107 a barrel would make a tidy profit.
Just watched Newt’s energy informational. Like most people, I am happy about the good news in North Dakota. However the former Speaker loses a lot of credibility, when runs fast and loose with facts. Why was gas so cheap when Obama started his term? This was clearly due to reduced demand due to the Great Recession. See the US demand chart for oil attached with comparison to India and China. The data comes from petroleum company BP. Energy issues are particularly interesting to me, so I will be posting more on this. BTW, the chart shows how ineffectively the CAFE standards have worked in the US.