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Author: captainccs Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71771  
Subject: Re: Mention of OOIL Date: 10/5/2012 9:46 AM
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The big problem I see with algae based bio fuel is that I have not seen reliable cost figures. Fuel is a commodity and if bio fuel can't compete with fossil fuel on a cost basis (tax benefits included) then it won't happen. I was very excited when OriginOil got an order from Australia for a pilot project. It has been at least a year and OriginOil has not reported on results which to me means failure (unless it is kept as a state top secret).

Germany is hydrocarbon fuel deficient. Conversion of coal to liquid fuels has never been shown to be cost competitive and Rentech (RTK) essentially abandoned it. I have not heard from Sasol, the African firm doing it for over a year, they had built some pilot plants in China. It seems to me that Germany is making the decision on a political basis, not on an economic one. I don't like that as a basis for investing (some people do, specially if they get subsidies ;).

I sold RTK a year and a half ago at a decent profit and I'm holding OOIL based on the cleanup potential of the technology, not for the bio fuel.

Denny Schlesinger
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