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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 Points:44,800 Joined:Feb 2012	Message Posted: Mar 21, 2012 1:11:21 PM Ignore dhdiesel Report Abuse "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?
Grizdad Champion Author San Bernardino Posts:5,525 Points:783,050 Joined:Oct 2010	Message Posted: Mar 21, 2012 7:45:30 AM Ignore Grizdad Report Abuse Who's money is it?
NGC4565 Champion Author Reading Posts:3,744 Points:745,940 Joined:Mar 2011	Message Posted: Mar 21, 2012 5:55:07 AM Ignore NGC4565 Report Abuse 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.
granitestater Champion Author New Hampshire Posts:8,817 Points:1,429,775 Joined:Oct 2008	Message Posted: Mar 21, 2012 2:23:24 AM Ignore granitestater Report Abuse Obama is paying off his friends with tax money.
Ahking Champion Author Orange County Posts:3,502 Points:602,520 Joined:May 2011	Message Posted: Mar 21, 2012 1:03:29 AM Ignore Ahking Report Abuse great technology.
Bussman Champion Author Dallas Posts:5,513 Points:1,358,985 Joined:Nov 2008	Message Posted: Mar 20, 2012 11:58:40 PM Ignore Bussman Report Abuse 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???
dbecks44 Champion Author Michigan Posts:1,342 Points:431,455 Joined:Jan 2012	Message Posted: Mar 20, 2012 9:55:48 PM Ignore dbecks44 Report Abuse Mr president, I've got something here that you can buy for $400 a gallon . . .
buffaloski Veteran Author Indiana Posts:326 Points:1,681,320 Joined:Sep 2005	Message Posted: Mar 20, 2012 9:36:14 PM Ignore buffaloski Report Abuse To the Victor goes the spoils
car253 Champion Author Ohio Posts:6,293 Points:1,468,620 Joined:Oct 2008	Message Posted: Mar 20, 2012 9:06:37 PM Ignore car253 Report Abuse No surprise here, Obama rewards his buddies with your money.
OHMS Champion Author Orange County Posts:13,712 Points:1,690,905 Joined:May 2005	Message Posted: Mar 20, 2012 9:04:31 PM Ignore OHMS Report Abuse 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.”