The Obama administration has been outspoken in support of using algae as a fuel. But at what cost? How much green will America spend on green algae?
Over $21.7 million of American Recovery and Reinvestment Act money has already been awarded to one particular company, Solazyme, in order to continue working on converting algae into fuel. That company also happens to be one three benifeciaries of a $12 million contract for green fuel with the Navy.
It’s been reported the cost of the ‘green’ bio-fuel for the Navy is $26.75 per gallon for JP-5 jet fuel, the standard fuel costs roughly $4 per gallon.
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.
Follow @WestJournalism
Loading ...
Once it was a hole in the ozone, then global warming. These Snake Oil Merchants will sell anything! Trouble is, there’s always going to be some idiots buying it!
and just like Solyndra this company is filled with Obama supporters just how much of the Tax payers money will they get then kick back to the Obama campaign funds?