“To follow the president down the algae-paved path to energy security, Americans must ignore the fact that trillions of gallons of domestic oil is available today at much more reasonable prices than the administration’s algae farm.”
Thomas Pyle writes in the Washington Times:
… Even if algae-based fuels could be commercialized today, the need for further taxpayer-funded subsidies is both unnecessary and improper. First, Congress has already mandated that refiners blend 2 billion gallons of biofuel into gasoline in 2012 alone. In other words, there’s already a lucrative market in place for algae-to-fuel industries thanks to government mandates, however ill-conceived. Second, the government should not be in the business of picking winners and losers and has a horrible track record as a venture capitalist anyway. And yet with this latest proposal, it seems there is no end in sight to this type of meddling in the energy sector and the resulting higher costs to consumers.
Reasonably priced algae-based fuel is currently a concept. Using it in the manner that Mr. Obama proposes would be absurdly inefficient compared to making fuel from crude oil, and it would send the cost of transportation fuel into the stratosphere – or at least to European levels, much like Energy Secretary Steven Chu has wanted. Despite this obvious flaw in the president’s latest scheme, he had no problem dismissing calls for greater access to America’s vast energy resources as a “bumper sticker” rather than a strategy. To follow the president down the algae-paved path to energy security, Americans must ignore the fact that trillions of gallons of domestic oil is available today at much more reasonable prices than the administration’s algae farm….
John,
I’m with you, but my vote is for somewhere much warmer than OZ.
I’ve got another idea, instead of converting the algae to bio-fuel we put it on a extremely long slide. Stay with me now. We then place all the dishonest progressive scientists, journalists, and politicians on it …and slide them to the land of OZ. My research indicates we could save billions of dollars as well as fix many of societies ills at the same time. Just a thought, we are on progressive fantasies today.