re: News: AlgaeTec showcase facility visit fr...
Ahh its good old Sdaji, yep i'm an optimistic person, what can I say?
Firstly, and I mean this in a nice way, do your own research I think we've fed you enough information, how about YOU find out some details and post on here :)
Secondly lets not get back into the oil price/climate issue here, I seem to recall a rather heated discussion about that subject getting rather intense so lets stop that line of discussion as we know it gets us nowhere.
Thirdly, did you listen to the BRR bit? You seem to have not understood the content very well, the US Navy are intentionally shying away from fossil fuels so it doesn't matter if the price is a bit higher than oil they don't want to use oil and its also an energy security issue.
Algaetec have been developing this system for almost 10 years now, so even if the big oilers do start to worry about AEB cutting into their market they have a fair way to go, I am however aware of the almost infinite resources they would have at their disposal, but theres no amount of money can substitute the time thats been put into R&D by AEB.
Exxon invested $600m into algae fuel and haven't come up with anything yet that I know of. I do know that in california Solazyme are currently trialling algae fuel at gas stations.
Go away, do some homework and let us know what else you find, write a letter to AEB with some questions perhaps.
Cherrio :)
AEB Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
