Obama's Green Schemes are going to make $10 per gallon gas inevitable

Mr. Green Schemes and his cronies are going to make us "green" if it takes our last dollars (but not his or his 'connected' friend's money).

Obama's Favorite Algae Company - Forbes

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2/26/2012

Jeff McMahon, Contributor

The Obama Administration has already sunk $25 million into a Florida company—Alganol Biofuels—that is building an algae biorefinery using a patented technology that promises to streamline the process of extracting oils from algae so they be converted to ethanol.

In remarks at the University of Miami, Obama highlighted two domestic energy sources more than any other—natural gas and algae. After the speech, the Administration announced $30 million in grants to develop natural gas as a vehicle fuel, $14 million for algae.

“We’re making new investments in the development of gasoline and diesel and jet fuel that’s actually made from a plant-like substance — algae,” Obama said in Miami. ” You’ve got a bunch of algae out here, right? If we can figure out how to make energy out of that, we’ll be doing all right.”

Gingrich mocked Obama during an appearance in Idaho, calling a hypothetical bottle of algae “the Obama solution.” Then, more seriously, praised the concept but said it will take 20 to 40 years to develop.

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