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GasBuddy News Article

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Algae Alimony - Obama donors stand to profit

The Washington Free Beacon -- Solazyme has received more than $25 million in federal grants and contracts.
“The stimulus package is a key tool for advancing clean energy goals and fulfilling a number of campaign commitments.”
Sen. John McCain (R., Ariz.) said the Navy has spent more than $400 per gallon on roughly 20,000 gallons of algae-based for testing...
Solazyme lost $16.3 million in 2010, and has been forced to diversify its product line away from algae-based fuels.


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Submitted Mar 20, 2012 By: dhdiesel
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dhdiesel
Veteran Author Riverside

Posts:400
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Message Posted: Mar 21, 2012 1:11:21 PM

"Critics have panned the Obama administration for spending large amounts of money on biofuels like algae [for the Navy] at a time when the Defense Department is facing deep cuts to its budget and increasing health benefit costs for retirees."

"Recent scholarly research has raised doubts about the use of algae as a viable source of fuel. A 2010 University of Virginia study found that, although algae-based biofuels “offer a higher level of energy output and require a minimum level of land area to develop, the production of such fuels results in significantly more ENVIRONMENTAL DEGRADATION.”"

Remember NIMBY (not in my back yard)? Imagine breathing air-born algae near an algae "refinery"? How much more will EPA restrictions cost?
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Grizdad
Champion Author Montana

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Message Posted: Mar 21, 2012 7:45:30 AM

Who's money is it?
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NGC4565
Champion Author Reading

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Message Posted: Mar 21, 2012 5:55:07 AM

Ah, yet another example of crony capitalism. Unfortunately both sides of the political aisle practice this, but it does appear that this administration has taken it to new levels.
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granitestater
Champion Author New Hampshire

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Message Posted: Mar 21, 2012 2:23:24 AM

Obama is paying off his friends with tax money.
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Ahking
Champion Author Orange County

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Message Posted: Mar 21, 2012 1:03:29 AM

great technology.
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Bussman
Champion Author Dallas

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Message Posted: Mar 20, 2012 11:58:40 PM

Isn't the evidence conclusive enough for the majority of Americans to vote that man out of office in Nov. along with his Chicago style cronies???
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dbecks44
Champion Author Michigan

Posts:3,507
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Message Posted: Mar 20, 2012 9:55:48 PM

Mr president, I've got something here that you can buy for $400 a gallon . . .
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buffaloski
Veteran Author Indiana

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Message Posted: Mar 20, 2012 9:36:14 PM

To the Victor goes the spoils
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car253
Champion Author Ohio

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Message Posted: Mar 20, 2012 9:06:37 PM

No surprise here, Obama rewards his buddies with your money.
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OHMS
Champion Author Orange County

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Message Posted: Mar 20, 2012 9:04:31 PM

The firm employs a former member of the Obama-Biden transition team who, according to one online bio, “played a key role in developing the energy provisions in the economic stimulus bill.”
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