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Company Claims Potential Magnification In Bio Fuel Production

duanes1967 writes "A company called Joule Biotech claims to have a breakthrough in biofuel production. Their process can create 20,000 gallons of fuel per acre per year at a cost of about $50 per barrel. 'Algae-based biofuels come closest to Joule's technology, with potential yields of 2,000 to 6,000 gallons per acre; yet even so, the new process would represent an order of magnitude improvement. What's more, for the best current algae fuels technologies to be competitive with fossil fuels, crude oil would have to cost over $800 a barrel says Philip Pienkos, a researcher at the National Renewable Energy Laboratory in Golden, CO. Joule claims that its process will be competitive with crude oil at $50 a barrel. In recent weeks, oil has sold for $60 to $70 a barrel.'"

260 comments

  1. It's always a startup... by EmagGeek · · Score: 4, Insightful

    ... begging for money that comes up with these "revolutionary" breakthroughs. Did we not learn anything from the tech boom/bust?

    Whenever there is a lot of government money flowing into an industry, there is never a shortage of snake-oil salesmen lining up to grab a piece of it. There really isn't a limit to what they will say they can do.

    1. Re:It's always a startup... by Andr+T. · · Score: 4, Funny

      Nah, say whatever you want, skeptic. When my ORBO arrives, I'll be the one laughing!

      --

      Any life is made up of a single moment, the moment in which a man finds out, once and for all, who he is.

    2. Re:It's always a startup... by Anonymous Coward · · Score: 1, Insightful

      We'll never get anywhere with that attitude, negative nancy!

    3. Re:It's always a startup... by interkin3tic · · Score: 4, Interesting

      ... begging for money that comes up with these "revolutionary" breakthroughs. Did we not learn anything from the tech boom/bust?

      Are you saying we were supposed to learn that revolutionary breakthroughs are ALWAYS snake-oil?

    4. Re:It's always a startup... by vertinox · · Score: 3, Interesting

      Did we not learn anything from the tech boom/bust?

      Invest early?
      Sell often?

      No seriously, if you could have invested in Google's IPO you would have been a rich man today.

      The problem with the tech boom is that people were investing in bad ideas, not good ideas with bad results. You know... Like Pets.com

      --
      "I am the king of the Romans, and am superior to rules of grammar!"
      -Sigismund, Holy Roman Emperor (1368-1437)
    5. Re:It's always a startup... by timeOday · · Score: 2, Insightful

      I clearly remember google's IPO, and unlike most other IPO's, it was much more open - in the format of an auction - so that any of us could invest (as opposed to most IPOs offered only to preferred customers of big investment houses). The other thing I remember is that everybody in my research group thought it was over-hyped and over-priced, including me. Oops :)

    6. Re:It's always a startup... by DeusExMach · · Score: 1

      ...Does snake-oil burn? If so, have I got an opportunity for YOU!

    7. Re:It's always a startup... by outlander · · Score: 1

      It's nice that these folks have figured out a way to grow fuel.

      however, it kind of glosses over the fact that we kind of have to rethink burning liquid hydrocarbons as a means of transportation if we want the environment to remain capable of supporting life in the long term....I would rather that the Holocene did not end in a mass extinction event, although we're getting there already.

      --
      "Truth is what works" -- William James "It works!!" -- o-dark-AM comment
    8. Re:It's always a startup... by Anonymous Coward · · Score: 0

      you just wait until my stocks from the space-quantum-motor corp. go up!

  2. Why not save all the time and confusion by jeffmeden · · Score: 5, Funny

    Just brand this as "$50/barrel oil derived from harvesting common, readily available snakes and processing them in a revolutionary (and certainly patent-pending) way".

    1. Re:Why not save all the time and confusion by AttillaTheNun · · Score: 1

      1) Harvest snakes 2) Press them 3) Sell "snake oil" 4) Profit!

    2. Re:Why not save all the time and confusion by Anonymous Coward · · Score: 0

      Step 3 is always "Patent"!!!

    3. Re:Why not save all the time and confusion by Gunnut1124 · · Score: 1

      Now American Airlines will be able to do something with all those crappy planes.... They can be like the mega-tankers of the sky, what with all those snakes on them...

      --
      America is all about speed. Hot, nasty, badass speed. -Eleanor Roosevelt, 1936
  3. Uhh, Heavily Bought Into By Oil Industry by eldavojohn · · Score: 4, Interesting

    ... begging for money that comes up with these "revolutionary" breakthroughs. Did we not learn anything from the tech boom/bust?

    Whenever there is a lot of government money flowing into an industry, there is never a shortage of snake-oil salesmen lining up to grab a piece of it. There really isn't a limit to what they will say they can do.

    You may want to inform Exxon Mobil that their recent six hundred million dollar investment is snake oil.

    Big oil's investing in this, I wouldn't write it off as snake oil:

    • ExxonMobil - Venter, Synthetic Genomics
    • BP - just announced a partnership with DuPont to develop butanol; Qteros, Verenium, Synthetic Genomics
    • Valero - purchased seven VeraSun plants out of bankruptcy earlier this year; Qteros, ZeaChem, Solix
    • Marathon - Mascoma (also backed by GM)
    • Shell - Iogen
    • Total - Gevo
    --
    My work here is dung.
    1. Re:Uhh, Heavily Bought Into By Oil Industry by russotto · · Score: 1, Insightful

      You may want to inform Exxon Mobil that their recent six hundred million dollar investment is snake oil.

      If it is, they likely already know, and consider it worth it to look "green" or to take advantage of some sort of incentive program.

      Investment by big oil doesn't mean anything either way.

    2. Re:Uhh, Heavily Bought Into By Oil Industry by Hadlock · · Score: 1, Funny

      Exxon? Investing in something? Never! Heck with what 10 billion a year in research investments, all you have to do is start a website saying you're doing bio-fuel research with a valid mailing address somewhere on the homepage, and more likely than not Exxon will just mail you a check for $2500.

      --
      moox. for a new generation.
    3. Re:Uhh, Heavily Bought Into By Oil Industry by Anachragnome · · Score: 3, Interesting

      Big Oil is investing in such tech because it will continue to squeeze revenue out of the distribution systems the oil companies have spent many billions creating.

      They will do anything to keep people from switching to electrical grid/self-generation systems for their energy needs. They really don't care WHAT they are selling as long as they can do it at a profit and do it from the existing stations. There is an entire industry based simply on the middle-man aspect of distribution. People make money from it, so it remains. But it also cost the consumer more, in the long run.

      The electrical grid already exists, is in the public realm for the most part, and the middlemen have no part in it. Granted, the electrical grid needs some improvement in order for everyone to switch to it for ALL our energy needs, but it is not, by any means, impossible.

      Biofuels do NOT solve many problems. In fact, they simply create new ones.

      And, yeah. Snake oil. Hrmm...now that I think about it...I wonder what the energy storage of a snake is...

    4. Re:Uhh, Heavily Bought Into By Oil Industry by Dravik · · Score: 1

      Granted, the electrical grid needs some improvement in order for everyone to switch to it for ALL our energy needs

      You sir, are a master of understatement. It would take dramatic increases in both electrical production and distribution to move everything to electrical power. Without using nuclear power it won't happen.

      --
      The purpose of language is communication, If the idea is clear the grammar ain't important
    5. Re:Uhh, Heavily Bought Into By Oil Industry by Anachragnome · · Score: 1

      My personal belief is that if we LEARNED from Three-Mile Island and Chernobyl and made the NEEDED modifcations to nuclear facilities--high-level redundancy, human error modification/compensation, etc., that nuclear energy is probably the way to go for supplementing renewable resources. Until we find something better.

      One thing you may not be taking into account is that small-scale energy production(solar, wind) can be located closer to where it is used, requiring far less infrastructure to move the energy around(as well as minimize transmission loss/inefficiency).

    6. Re:Uhh, Heavily Bought Into By Oil Industry by amRadioHed · · Score: 4, Interesting

      Biofuels solve two major problems, they are carbon neutral and they are not dependent on the middle east. Are the problems they create worse than those?

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    7. Re:Uhh, Heavily Bought Into By Oil Industry by nabsltd · · Score: 1

      It depends on whether you consider all the unintended consequences (e.g., the price of all foods having risen dramatically since the reduction of corn available for human consumption and as feed for animals) from promoting corn-based biofuels to be "worse" or not.

      Since biofuels cost much more than gasoline per unit of energy provided, a better strategy would be to tax gasoline until it matches that cost, and hand that extra tax money to the corn growers to not sell their corn to biofuel production facilities. This would both reduce the demand for oil and reduce prices at the grocery store.

    8. Re:Uhh, Heavily Bought Into By Oil Industry by BlackSnake112 · · Score: 1, Insightful

      I still say solar is better then anything else.

      If we can build a platform into space or beam the energy down from space based collectors, The worlds energy needs will be met. That is a huge, very huge if though.

      Also I do see many wars being waged if this does get close to happening. There is too much money tied up in oil for a war over switching away from oil to not happen.

    9. Re:Uhh, Heavily Bought Into By Oil Industry by maxume · · Score: 2, Informative

      Three Mile Island demonstrated that the safety systems in place were effective. That doesn't rule out learning from the incident, but it was not a catastrophe, it was a successful containment.

      --
      Nerd rage is the funniest rage.
    10. Re:Uhh, Heavily Bought Into By Oil Industry by Anachragnome · · Score: 1

      Umm. No.

      Further Corn subsidies are a bad idea, from my point of view.

      Grow what people need, not what you want to sell them.

    11. Re:Uhh, Heavily Bought Into By Oil Industry by demonlapin · · Score: 1

      They also produce an enormous number of products for an unbelievably large number of uses. As others have pointed out, our policy of burning fossil fuels is insane in no small part because they're such damned good chemical feedstocks.

    12. Re:Uhh, Heavily Bought Into By Oil Industry by PitaBred · · Score: 2, Insightful

      What problems don't biofuels solve? Sure, they don't solve smog. But the do solve the carbon problem. Now we just take it out of the atmosphere (with plants being the "conversion system", essentially a solar carbon converter), and then burn it and put it back in the atmosphere. Et voila! The carbon cycle!

    13. Re:Uhh, Heavily Bought Into By Oil Industry by ckaminski · · Score: 2, Interesting

      We did learn from TMI and Chernobyl. What we haven't done is build any new reactors. Hell, the Navy has managed to keep 300+ reactors in operation over the past almost 50 some-odd years - why can't we take what they've learned and build better, safer reactors?

      Because some bureaucrat in at NStar is going to shortchange the training and operations budget in the end, and we'll have TMI all over again.

    14. Re:Uhh, Heavily Bought Into By Oil Industry by Cyberax · · Score: 1

      "If we can build a platform into space or beam the energy down from space based collectors, The worlds energy needs will be met. That is a huge, very huge if though."

      Why would you do this? Solar flux is not significantly different from Earth-level in the near space.

    15. Re:Uhh, Heavily Bought Into By Oil Industry by MeatBag+PussRocket · · Score: 2, Insightful

      We did learn from TMI and Chernobyl. What we haven't done is build any new reactors.

      this statement is paradox. the fact that no new reactors have been build definitively proves that _nothing_ has been learned aside from the knee jerk reaction of fear, and that isn't really learned, its instinctual. Congratulations America, you've shown how base and intellectually retarded you have become. Consumer society breeds stupidity, stupidity breeds fear, fear breeds oppression and oppression breeds revolution. fortunately for you consumerism also breeds complacency, and in this rock paper scissors game complacency and fear will always triumph over rational responsible progress, even in the face of certain death. There will be no revolution. Essentially what this means for you and i, is that American society _cannot_ remain in its current state, it will change or collapse. If the US cannot embrace radical changes in consumer behavior, the production and consumption of goods and energy, and their unilateral exertion of their will on the rest of the planet the US will quickly cease to become relevant in the next 5-15 years. Can America (and americans) make the changes necessary? its not impossible, but changing habits is literally very similar to torture on the brain, so i'm not really holding my breath. This generation of Americans are weak, and soft, unaccustomed to challenge and adversity. There will be conflict until their hedonistic world collapses around them and can no longer keep them pacified- and then their struggle will be infantile and futile. Well America, its been real. i'm moving to the moon... any closer is too close to the stupid epic fail that is about to take place.

      --
      i wage a holy war against the apostrophe.
    16. Re:Uhh, Heavily Bought Into By Oil Industry by AshtangiMan · · Score: 2, Informative

      The biofuels that are discussed in the article are algae based, so they don't use potable water, don't displace food crops, are carbon neutral (especially if the CO2 is taken directly from the atmosphere, which in the low-tech solutions it is), and are not dependent on the middle east. So, what are the problems again?

    17. Re:Uhh, Heavily Bought Into By Oil Industry by hedwards · · Score: 1, Offtopic

      Biofuels aren't carbon neutral, I'm not sure where you got that information from, but they aren't. You can potentially produce them in a way that minimizes the emissions, but as long as you're talking about burning them you're still emitting them.

      Now, if we want to start using them as the basis for hydrogen fuel cells then you might see carbon neutral, but at that point you're involving a lot of technology that's not really even available. You'll notice that they're talking about producing things which are known to not be carbon neutral. The fact that you don't drill for it is not sufficient to make it green. It just means that you're not drilling for it.

    18. Re:Uhh, Heavily Bought Into By Oil Industry by amRadioHed · · Score: 1

      Corn based biofuels are a bad idea. I think everyone who isn't paid to think otherwise agrees on that.

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    19. Re:Uhh, Heavily Bought Into By Oil Industry by amRadioHed · · Score: 2, Informative

      No. When you burn them you are releasing carbon into the atmosphere, but when you grow the algae they remove an equal amount of carbon from the atmosphere. No net gain of CO2, that's the definition of carbon neutral. Oil is not carbon neutral because burning it releases carbon into the atmosphere which was previously sequestered in the ground.

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    20. Re:Uhh, Heavily Bought Into By Oil Industry by Morty · · Score: 1

      Nuclear still isn't sustainable. We only have finite nuclear fuel. Replace oil with nuclear and we burn through it that much faster. While we still have plenty of reserves, nuclear is subject to the same peak extraction economics; if we use it faster, we'll soon run out of cheap nuclear fuel.

    21. Re:Uhh, Heavily Bought Into By Oil Industry by raddan · · Score: 3, Insightful

      Water usage is one. Biofuels need an enormous amount of water to grow, process, and refine. There was a water expert at NIST who recently covered this, but the upshot of his presentation was: if you don't address the shortage of clean water before you start producing biofuels, you have a new and serious problem to address. Most of us in the Western world are not accustomed to water shortage, due to our excellent water distribution systems, so we tend not to think about it. If you compare biofuels and petroleum products on the basis of water usage alone, oil wins. Sorry, I don't have the slides, or I would link them.

      Food shortage is another. You need to take into account-- at least in the US-- that biofuels compete with food production. This is partially due to entrenched political interests. Again, in the west, this probably didn't affect you (unless you were, say, in the cattle feed market or a small beer producer), but I've read that the grain shortages (and resulting high prices) in Asia last year were the direct result of a double-whammy of biofuel production and crop disease.

      Now, I personally don't think that the two things above rule out biofuels as a viable alternative for the future. We just need to be aware that they are not without their consequences; they solve some problems, and introduce new ones.

    22. Re:Uhh, Heavily Bought Into By Oil Industry by maxume · · Score: 1

      What? If you don't use petroleum derived fertilizer or power and pull your CO2 out of the atmosphere, burning the fuel and putting CO2 back in the atmosphere is pretty much carbon neutral.

      Perhaps that is what you meant, but you went off on this tangent about hydrogen.

      --
      Nerd rage is the funniest rage.
    23. Re:Uhh, Heavily Bought Into By Oil Industry by amRadioHed · · Score: 1

      That's a good point, water usage is a major problem in many areas. Are greywater and other non-potable water sources possible options? The water that comes out of sewage treatment plants for example is rarely used for human consumption but it would be fine for algae production.

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    24. Re:Uhh, Heavily Bought Into By Oil Industry by Ihmhi · · Score: 1

      I think even Big Oil knows that crude oil is going to run out in the next 100 years.

      If you're a steel company, and someone finds a way to create synthetic steel that's pretty much just as good from more plentiful, regenerating/growing materials, wouldn't you invest in it?

    25. Re:Uhh, Heavily Bought Into By Oil Industry by Anachragnome · · Score: 1

      "Until we find something better."

      At the rate technology is advancing, I don't expect that to be TOO far in the future. The current nuclear technology is not a pinnacle, but rather another step towards one.

    26. Re:Uhh, Heavily Bought Into By Oil Industry by Anonymous Coward · · Score: 0

      http://www.netterstrom.dk/Visuals/palm%20oil%20plantation.jpg

      That used to be rain forest with 200 species of tree per acre. Now there is one. Yeah, I'd say bio fuels have their issues, too.

    27. Re:Uhh, Heavily Bought Into By Oil Industry by Dravik · · Score: 1

      I admit it is finite, but the lifetime estimates of currently known deposits, if recycling is used, is somewhere around 5k-10k years of fuel. Looking at the progress we've made in the last 1,000 years I am quite optimistic that fusion will become viable within that time frame.

      --
      The purpose of language is communication, If the idea is clear the grammar ain't important
    28. Re:Uhh, Heavily Bought Into By Oil Industry by TubeSteak · · Score: 1

      The biofuels that are discussed in the article are algae based,

      Did you RTFA?
      TFA specifically say "Joule Biotechnologies grows genetically engineered microorganisms"
      "the company says it is not using algae."

      are carbon neutral (especially if the CO2 is taken directly from the atmosphere, which in the low-tech solutions it is)

      The biofuels discussed in the article need concentrated CO2.
      To run the process on an industrial scale, you need industrial quantities of CO2.
      That is not something you just pull out of the sky.
      You get it as a byproduct of some other industrial process (like power generation).

      --
      [Fuck Beta]
      o0t!
    29. Re:Uhh, Heavily Bought Into By Oil Industry by hedwards · · Score: 0

      That's incorrect. It is carbon neutral if you hedge around pretty much everything except for the fuel itself. In this day and age you don't really get to do that, and for all forms of biofuel that I'm familiar with you end up putting additional CO2 into the atmosphere.

      Now, one might quibble about whether the amount of CO2 put into the atmosphere via production and distribution is substantial in size, but it is present and until somebody comes up with a way of dealing with that in a real concrete way it's still not carbon neutral.

      Also I love how somebody modded me off topic for pointing out that biofuels are not carbon neutral by default that there's extra work and research that has to go into it to make it so.

    30. Re:Uhh, Heavily Bought Into By Oil Industry by nabsltd · · Score: 1

      Further Corn subsidies are a bad idea, from my point of view.

      Agreed, but since they aren't going to stop anytime soon (until there is a presidential candidate with enough balls to not care about the Iowa Caucuses and their measly 7 electoral votes), they might as well do it some better way.

    31. Re:Uhh, Heavily Bought Into By Oil Industry by amRadioHed · · Score: 1

      We're talking about the fuel, so yes the fuel is carbon neutral. The production and distribution systems would obviously use fossil fuels at first but that's because everything uses fossil fuels currently. No one expects everything to magically switch over just because a new source of fuel is available.

      You were modded down probably because you said they aren't carbon neutral because you burn them, that's just plain wrong. It looks like you've done some research since you posted that.

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    32. Re:Uhh, Heavily Bought Into By Oil Industry by Dirtside · · Score: 1

      You need to take into account-- at least in the US-- that biofuels compete with food production.

      Only when the biofuel is made from food crops like corn. (Even when it is, the cultivars they use are different; the cultivars of corn used for biofuel production are not the same ones you buy in the grocery store to eat.) Yes, they can still compete in that a grower who might grow edible corn could switch to fuel corn, but the most promising biofuel source is non-food algae, which can be farmed in the desert using seawater, which has basically no impact on food production. It's not using potable water, it's not competing with food crops for resources. There's a whole other issue where we eat way too many grains (we didn't evolve for the mass consumption of grains), but that's another story ;)

      --
      "Destroy science and religion. Science would re-emerge exactly the same; but not religion." - Penn Jillette, paraphrased
    33. Re:Uhh, Heavily Bought Into By Oil Industry by inflatedalterego · · Score: 1

      The algae based biofuels in the article use salt water and can be grown in places that do not displace food crops. Water usage and food displacement are issues in general, but not for the biofuel in the article. The summary commentary is also wrong about the price per barrel oil. In 1995, the US DOE Aquatic species program concluded that it would only take $60/barrel to be competitive with fossil fuels. A summary done by the National Renewable Energy Lab can be found here: http://www.nrel.gov/biomass/pdfs/jarvis.pdf I don't agree with the article claims that production could displace all fossil fuels, but it's a good start.

    34. Re:Uhh, Heavily Bought Into By Oil Industry by WaywardGeek · · Score: 1

      And, don't forget Algenol. Ethanol from algae seems to be a fairly hot area. It will probably only take sustained > $100/bbl oil, and it will take off.

      --
      Celebrate failure, and then learn from it - Nolan Bushnell
    35. Re:Uhh, Heavily Bought Into By Oil Industry by MrNiceguy_KS · · Score: 1

      The biofuels discussed in the article need concentrated CO2.
      To run the process on an industrial scale, you need industrial quantities of CO2.
      That is not something you just pull out of the sky.
      You get it as a byproduct of some other industrial process (like power generation).

      Those "other industrial processes" would likely be pumping said CO2 into the atmosphere. Just think of the sky as the famous middleman that is always being cut out.

      --
      Redundancy is good And also good.
    36. Re:Uhh, Heavily Bought Into By Oil Industry by MrNiceguy_KS · · Score: 1

      They might actually improve smog. I seem to recall that smog is partly caused by poorly tuned engines, and partly by impurities in fuel, primarily in diesel fuel. Synthetically produced biofuel wouldn't have the same impurities.

      --
      Redundancy is good And also good.
    37. Re:Uhh, Heavily Bought Into By Oil Industry by fmoliveira · · Score: 1

      And ethanol is clean, and cheaper than gasoline.

  4. From TFA by mcgrew · · Score: 0, Redundant

    I don't know, it looks promising to me. From TFA:

    Joule Biotechnologies grows genetically engineered microorganisms in specially designed photobioreactors. The microorganisms use energy from the sun to convert carbon dioxide and water into ethanol or hydrocarbon fuels (such as diesel or components of gasoline). The organisms excrete the fuel, which can then be collected using conventional chemical-separation technologies.

    If the new process, which has been demonstrated in the laboratory, works as well on a large scale as Joule Biotechnologies expects, it would be a marked change for the biofuel industry. Conventional, corn-grain-based biofuels can supply only a small fraction of the United States' fuel because of the amount of land, water, and energy needed to grow the grain. But the new process, because of its high yields, could supply all of the country's transportation fuel from an area the size of the Texas panhandle. "We think this is the first company that's had a real solution to the concept of energy independence," says Bill Sims, CEO and president of Joule Biotechnologies. "And it's ready comparatively soon."

    The company plans to build a pilot-scale plant in the southwestern U.S. early next year, and it expects to produce ethanol on a commercial scale by the end of 2010. Large-scale demonstration of hydrocarbon-fuels production would follow in 2011.

    So far, the company has raised "substantially less than $50 million," Sims says, from Flagship Ventures and other investors, including company employees. The firm is about to start a new round of financing to scale up the technology.

    Emphasis mine. Fifty bucks per barrel would have been WAY low compared to oil prices last summer.

    1. Re:From TFA by maxume · · Score: 1

      And it would be uneconomic with the $25 oil that we had at the beginning of this year.

      Any technology that can put a significant amount of fuel onto the market (say 5 or 10 percent of the current market) needs to be able to compete with prices below what oil is currently trading at before it will attract significant capital.

      --
      Nerd rage is the funniest rage.
    2. Re:From TFA by grassy_knoll · · Score: 1

      Saw that myself.

      My inner cynic reminds me that:

      Any sufficiently advanced technology is indistinguishable from a rigged demo.
      -Andy Finkel.

    3. Re:From TFA by Anonymous Coward · · Score: 0

      We know the process works. We don't know that it works cheaply enough. The time to be convinced that it does is when they're selling it.

    4. Re:From TFA by Verdatum · · Score: 1

      I've seen plenty of perpetual motion devices which have been demonstrated in the laboratory. Until it's a reliable peer-reviewed and reproduced experiment, it holds little to no weight.

    5. Re:From TFA by afidel · · Score: 1, Insightful

      We simply need to tax fuel enough to establish a price floor that will encourage alternative investments. The Europeans are already there so now the US just needs to start increasing the tax rate at say 25c per gallon per quarter and we will be there in a few years. You'd need to increase the standard deduction to balance out the regressive nature of such a use based tax but it would encourage alternative fuel generation AND curb demand at the same time, a win-win situation.

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    6. Re:From TFA by sgage · · Score: 1

      "Joule Biotechnologies grows genetically engineered microorganisms in specially designed photobioreactors. The microorganisms use energy from the sun to convert carbon dioxide and water into ethanol or hydrocarbon fuels (such as diesel or components of gasoline). The organisms excrete the fuel, which can then be collected using conventional chemical-separation technologies."

      What kind of microorganism? Is the result ethanol or hydrocarbon? These are two wildly different metabolic pathways. The organisms excrete fuel? So do I, especially after eating a lot of beans.

      This whole thing smacks of a fund-raising scam.

    7. Re:From TFA by Anonymous Coward · · Score: 0

      Talk about flawed liberal logic. If it was all about the price of a gallon of gas, then there would already be algae/bio based fuels used in Europe. It's not and there aren't. It would be cheaper and better for everyone involved if the Socialists that want to remake America would just move to the country they think is so great.

      Your win/win situations sounds like something a professor (or President) with no real world experience would come up with, like tackling the tonsillectomy problem that is driving up health care costs.

    8. Re:From TFA by icebike · · Score: 3, Informative

      We simply need to tax fuel enough to establish a price floor that will encourage alternative investments. The Europeans are already there so now the US just needs to start increasing the tax rate

      Why?

      Why do you automatically assume that if the Europeans do something it must be right for every place on earth?

      If this breakthrough is for real, and it was developed in Cambridge Massachusetts USA, with the tax structure we have today, and nothing like it has appeared out or Europe with all its horrendous taxes, then where is the basis for your euro-centric view?

      How will pouring more tax dollars down social rat-holes help solve an energy crisis?

      Do I necessarily believe this announcements? No, not yet. Does that mean I should run to Europe and adopt every tax-grab they dream up? Of course not.

      --
      Sig Battery depleted. Reverting to safe mode.
    9. Re:From TFA by Anonymous Coward · · Score: 0

      Peer-review? They're not even saying what "organism" they're using. Classic investment snake oil.

    10. Re:From TFA by maxume · · Score: 1

      I'm not really that worried about it, there appear to be multiple technologies that will be quite viable at the equivalent of $100 per barrel (which isn't fantastic as a consumer, but it is plenty manageable for me). Given the way corn ethanol went last year (and I'm talking about the huge over-investment in infrastructure, not the apparent impact on food prices), I'm not real excited about the government picking winners.

      --
      Nerd rage is the funniest rage.
    11. Re:From TFA by afidel · · Score: 3, Insightful

      The problem is that if you allow the price of energy to fluctuate below the cost of production of alternatives the alternatives will never take off because your ROI potentially goes negative. Since we know that oil will run out in the future it makes more sense to start allowing alternatives to flourish now while we have known reserves then to wait until the natural price floor encourages them (ie it might be too late with a horrible economic collapse and resulting war if we wait too long). Not to mention the likely environmental effects of continuing to burn fossil fuels until they are near exhausted.

      Btw I said nothing of pouring tax dollars down a social rat-hole, I actually advocated increased taxes in one area with an offsetting credit in another which is tax neutral to some level of consumption and tax positive above that level (ie discouraging the unwanted behavior while not disproportionately affecting the economically disadvantaged.)

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    12. Re:From TFA by afidel · · Score: 1

      Uh, fuel is transferable and the US accounts for what 40% of world consumption, so as long as we do not have a price floor alternatives have to compete with artificially cheap dino-gas (add the cost of 2 gulf wars and our support for Israel to the last two decades consumption and you get a much higher price per gallon, not to mention the environmental externalities that aren't priced into the pump price.)

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    13. Re:From TFA by afidel · · Score: 2, Insightful

      They don't have to pick winners, just raise the floor price of dino-gas and let everyone else compete. That is what they should have done instead of the stupidity that was the farm belt subsidy disguised as energy alternative that we got. It would have encouraged alternative energy sources at a lower cost to the taxpayers and without encouraging an 'alternative' that consumed oil at near 1:1 levels.

      --
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    14. Re:From TFA by icebike · · Score: 2, Insightful

      What part of "Price" do you not understand?

      These people created this and the price point at which it becomes economic may be higher or lower than the current price of oil.

      So be it.

      Price fluctuations are not evil. They are the market adjudication of supply and demand.

      Price fluctuation are your friend. Static or legislated prices totally screw up economies. Do we really need to replay the downfall of the soviet union again just to drive home this point.

      The amount of fossil fuels left in the ground exceed by several orders of magnitude that which we have used to date. Its just not economic to get to them. But at some point shale oil and oil sands will be economic, as will bio generation which is the subject of this story.

      Arbitrarily jacking up the price by adding tax does nothing constructive, and yes, deny it as you will, the tax proceeds WILL be poured down a rat-hole of social programs as witnessed by your own words "disproportionately affecting the economically disadvantaged".

      You automatically assume no environmental effects of these alternate energy efforts, while failing to recognize we consume way more oil today than we did in the days of smog filled skies.

      You automatically assume the Europeans used their high taxes to further research, yet they are hopelessly behind in clean coal technology, oil sands, or coal-to-liquid technology. Hint: The money went into social programs. Tax removes money from the developmental cycle. It does not facilitate anything but bureaucracy and stifling regulations.

      There is no justification for propping up the European model here.

      --
      Sig Battery depleted. Reverting to safe mode.
    15. Re:From TFA by afidel · · Score: 1

      So you are proposing burning oil until we have little left and then burning oil sands and oil shale? Wow, that's incredibly short sighted. We need sustainable alternatives and the sooner the better. Continuing to rely on stored solar energy is a bad long term strategy even if there are zero environmental problems from doing so (highly unlikely).

      --
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    16. Re:From TFA by TheKidWho · · Score: 1

      Maybe about 20-30cents a gallon at most?

    17. Re:From TFA by Hubbell · · Score: 1, Insightful

      Fifty bucks a barrel for something that has far less energy density than gasoline is too high in my opinion. Far less energy density per mass & volume + requiring all vehicles have their fuel lines made corrosion resistant to the max due to ethanol's corrosive properties makes it a lose unless it's cheap as fuck compared to gas.

    18. Re:From TFA by maxume · · Score: 1

      O.k., so that just picks petroleum derived gasoline as the loser.

      I don't really see any need to do that. I am comfortable with the notion that alternative fuels that can be produced at sufficient scale will be developed regardless of government intervention.

      --
      Nerd rage is the funniest rage.
    19. Re:From TFA by icebike · · Score: 1

      >So you are proposing raising taxes?

      Wow, that's incredibly insightful.

      --
      Sig Battery depleted. Reverting to safe mode.
    20. Re:From TFA by AshtangiMan · · Score: 3, Insightful

      It all sounds great until you realize that we are at war and have standing armies in a whole bunch of other countries because of oil. If we can find a way to produce a fuel that means we don't need to import oil, then we can bring the troops home, close up a bunch of foreign bases and save a lot of taxpayer money. Those holes you speak of are nothing compared to the social^W corporate welfare rat-hole that is the military-industrial complex.

    21. Re:From TFA by NotBornYesterday · · Score: 1

      The economy is in the toilet, and you want to tax fuel? No. Just plain no. There is no reasonable excuse for taxing the shit out of people worse than we already are. This would hurt everyone, even those without cars, because of the increased cost of transportation for food and other goods. I already don't drive any miles I don't have to. How the hell is this going to cut my demand for fuel? Quite simply, it isn't. It is simply going to shove another tax up my ass. A tax can't modify geography; it won't make anyone's minimum commute distance any shorter.

      Furthermore, if you dry up demand for fuel, you kill the market for new biofuels like this. In order to do away with "bad" dino fuel, we need a robust market for biofuel, which will lead to an established, growing, maturing profitable biofuel industry.

      The whole reason this article is exciting is that it shows another potential cost-competitive biofuel process. If the process is competitive, why would you raise taxes? Granted, it is possible for world oil prices to fluctuate below the more or less fixed price of this new method of production, but on the whole over the last few years, oil prices have exceeded what this company claims their projected production price would be.

      Instead of taxing "bad" dino fuel more, why not give more tax breaks on "good" biofuel? Let's remove the federal tax on biofuel for 5 years, and then phase it back in if necessary. At the start, biofuels will make up such a small percentage of all fuel sold, the tax loss would be negligible. At the end of that 5 years, the biofuel industry hopefully will have matured and gained marketshare. At that point, I would expect it would be able to stand on its own, and federal fuel taxes could be phased back in as biofuel comprises a larger part of the fuel market in the US.

      Not every model that is successful in Europe (or that they manage to endure) is the right solution in the US.

      --
      I prefer rogues to imbeciles because they sometimes take a rest.
    22. Re:From TFA by tsotha · · Score: 1

      You automatically assume no environmental effects of these alternate energy efforts, while failing to recognize we consume way more oil today than we did in the days of smog filled skies.

      It's hard to imagine using millions of barrels of oil without moving a whole lot of carbon from the ground to the atmosphere. If you believe there's a significant human component to global warming it makes sense to encourage a carbon-neutral fuel technology like biodiesel.

    23. Re:From TFA by afidel · · Score: 1

      500k barrels per day OPEC imports, $120B per year in conservative costs for the Iraq war and foreign aid to Iraq comes to ~$21/gallon.

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    24. Re:From TFA by afidel · · Score: 1

      Yes, petroleum derived gasoline SHOULD be the loser for a whole host of reasons (environmental impact, peak oil, national security, alternative uses (plastics and medicine)).

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    25. Re:From TFA by TheKidWho · · Score: 1

      It's a global economy buddy, the USA consumes 378 million barrels per day. Increasing oil prices in the middle east affect our prices too even if we import 500k per day.

      http://www.eia.doe.gov/basics/quickoil.html

      The OP Mentioned Iraq War 1 and 2, that's a nearly 20 year timeframe to look at.

    26. Re:From TFA by afidel · · Score: 1

      Tax breaks don't work because they can't bring the $/gallon of this or any currently researched technology down to $25 which is the production cost floor of dino fuel.

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    27. Re:From TFA by afidel · · Score: 1

      Ok, how about the ~2.5M barrels a day Iraq produced before the invasion, that comes out to ~38B gallons a year, or more than $3/gallon just in military expenses. If that oil was gasoline and was free it would hardly be a bargain.

      P.S.
      Try more like 20M barrels a day consumption for the US, how can you link to that site and get the numbers so far off?

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    28. Re:From TFA by Anonymous Coward · · Score: 0

      Billions of barrels of oil per year, not millions. A cube of oil one mile on each side. Enough to cover Manhattan to a depth of 275 feet---to the Statue of Liberty's nose, say.

      Burning this releases roughly ten gigatonnes of CO2, along with other noxious gasses.

    29. Re:From TFA by TheKidWho · · Score: 1

      38 billion barrels = 1.596 Trillion gallons.

      20 million barrels = 378million gallons.

      Simple mistake really, but you're doing unit conversions worse than NASA.

    30. Re:From TFA by TheKidWho · · Score: 1

      My Mistake too though in the post you quoted, I wrote 378 million barrels, I ment gallons since we are talking about the price per gallon.

    31. Re:From TFA by Eskarel · · Score: 1

      The Europeans are behind in clean coal because clean coal is stupid. The only reason anyone invests in it is to protect their existing coal industry. That's why Australia leads the world in clean coal research, because we have a huge coal industry and since coal makes money the right doesn't want to piss off the owners, and since coal miners are generally union, the left doesn't want to piss them off. Investment in clean coal isn't about making the right environmental choice. Clean coal involves somehow magically stuffing all the bad stuff back into the ground and keeping it there forever, and in all likelihood it's not going to work, particularly since unlike nuclear waste, the bad stuff is a gas.

      Over here we have European style gas taxes, and substantially higher prices, and we've got more clean coal research than the US. It has nothing to do with the tax system and everything to do with local economic interest.

    32. Re:From TFA by afidel · · Score: 1

      2,500,000 (barrels/day)*365(days/year)*42(barrels/gallon)=38,325,000,000 or ~38B gallons/year.

      $120,000,000,000($/year)/38,325,000,000(gallons/year)=$3.13/gallon.

      Can you point out where my unit conversions are wrong please?

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
  5. Scan to drive their stock up. by charliemopps11 · · Score: 1

    Scan to drive their stock up. Nothing more.

    1. Re:Scan to drive their stock up. by karnal · · Score: 2, Informative

      Scan to drive their stock up. Nothing more.

      Let's assume for a moment that instead of "Scan" you meant "Scam".

      From the company's about page: Founded in 2007 by Flagship Ventures, Joule is privately held and headquartered in Cambridge, Massachusetts.

      Last I checked, "privately held" == "no stock price."

      --
      Karnal
    2. Re:Scan to drive their stock up. by garcia · · Score: 1

      "no stock price."

      Yet.

    3. Re:Scan to drive their stock up. by ceoyoyo · · Score: 2, Informative

      Not completely true. Privately held companies do stock issues to raise money. They generally set a price for their stock and then see who will buy it at that price. So a big press release right before an offering might let them set a higher price and sell less stock and make the same money or set a higher price, sell the same amount of stock and make more money.

    4. Re:Scan to drive their stock up. by dkleinsc · · Score: 1

      So in that case, replace "drive their stock up" with "convince an idiot venture capitalist to give them money".

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    5. Re:Scan to drive their stock up. by bcmm · · Score: 1

      Everybody knows you rushed your post because you thought you'd be first.

      Just sayin'.

      --
      # cat /dev/mem | strings | grep -i llama
      Damn, my RAM is full of llamas.
    6. Re:Scan to drive their stock up. by Anonymous Coward · · Score: 0

      Please don't squash the ideals and world views of idiots with your facts. It makes them drool with anger and that actually causes the process to work less efficiently.

    7. Re:Scan to drive their stock up. by Farmer+Tim · · Score: 1

      No, please do. I have a revolutionary new process that converts the drool of idiots into biofuel...

      --
      Blank until /. makes another boneheaded UI decision.
    8. Re:Scan to drive their stock up. by Anonymous Coward · · Score: 0

      "Scan to drive their stock up. Nothing more."

      Scan complete.
      Have a good day.

    9. Re:Scan to drive their stock up. by Anonymous Coward · · Score: 0

      Not really true. Most private offerings are negotiated deals in which the implied stock price is a function of the amount invested divided by the percentage of the company received in the investment (this also implies the pre-money valuation of the company). Only the most idiotic of investors would be swayed by a press release.

  6. Who cares? by Anonymous Coward · · Score: 0

    Just so long as I don't have to change my lifestyle, these companies can and should do whatever they can!

  7. Dubious Maximus by Yergle143 · · Score: 2, Informative

    Re:"If the new process, which has been demonstrated in the laboratory, works as well on a large scale as Joule Biotechnologies expects, it would be a marked change for the biofuel industry." I've been attending some of the algae biomass workshops in the SD area. There's a lot of excitement out there. But the problems of engineering and economics dwarf the problems in the lab. ï Don't give this crowd your hard earned scratch until they've gone beyond pilot plant stage. For a thorough review of the problems involved how about this position paper from a 40 year veteran of the field. http://www.spirulinasource.com/bios/johnbenemann.html ---537

  8. Bullshit by Bombula · · Score: 1, Insightful

    The energy contained in 40,000 gallons of B85 biodiesel = 40,000 gallons x 133,000 BTU/gallon x .000293 kwh/BTU = 1.55 MM kwh

    The energy falling on one acre of land ~= 5kwh/m2/day x 365 days/year x 4046 m2/acre = 7.4 MM kwh/year/acre

    So they're capturing 21% of ALL solar energy falling on each acre of land in their fuel. The efficiency limit for photosynthesis is around 15%, which isn't calculated on a per-acre basis, but on a molecular exposure basis. Even if you could cover each acre with pure chlorophyll, the conversion efficiency would not exceed 15%.

    This is therefore a green scam, undoubtedly designed to temporarily pump the company's stock. The last big one I heard of to do this was Valcent Technology's subsidiary Global Green Solutions. Don't believe the hype, especially when it's physically impossible.

    --
    A-Bomb
    1. Re:Bullshit by Bombula · · Score: 4, Informative

      Oops, my bad, I read 40,000, not 20,000. So their actually at 10% efficiency, which while unlikely at least has the merit of not being theoretically impossible.

      --
      A-Bomb
    2. Re:Bullshit by Anonymous Coward · · Score: 0

      I think the article claimed 20,000 gallons per yer, not 40. - So that would be 11.5% efficiency.

    3. Re:Bullshit by 140Mandak262Jamuna · · Score: 1
      The energy falling on one acre of land ~= 5kwh/m2/day x 365 days/year x 4046 m2/acre = 7.4 MM kwh/year/acre

      5kwh per m^2 per day? At what latitude? If that is on the high side, they are back on the theoretical impossible part of the field. In good old days we had simple perpetual motion machine inventors who attempted to violated the second law of thermodynamics. Not these snake oil men.

      --
      sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
    4. Re:Bullshit by Anonymous Coward · · Score: 0, Offtopic

      Oops, my bad, I read 40,000, not 20,000. So their actually at 10% efficiency, which while unlikely at least has the merit of not being theoretically impossible.

      The new Karma Whore strategy:

      1. Form a strongly/zealous worded numbers heavy post with math attacking the article.
      2. Rebut your own argument with a correction showing that the article is entirely feasible.
      3. ???
      4. Post at +1!

    5. Re:Bullshit by Anonymous Coward · · Score: 1, Informative

      If you use 20,000 gallons like the article said and suppose that it is ethanol (~76,000 BTU/gallon) you get around ~0.445 MM kwh.
      Then the efficiency drops to around 6%, not 21%.

    6. Re:Bullshit by Thaelon · · Score: 1

      Maybe they're somehow harvesting tidal forces too!

      And uhh, maybe...wind! Yeah, Wind!

      And do you know they haven't got some sort of hot, biotechy geothermal harvesting mechanism going?

      --

      Question everything

    7. Re:Bullshit by Anonymous Coward · · Score: 0

      oops - wrong way - that gives 42%. Although, it doesn't really specify fuel energy.

    8. Re:Bullshit by Anonymous Coward · · Score: 1, Insightful

      Your equation relies solely on the assumption that 100% of the energy derived from the algae is the result of captured sunlight. Do they not also require nutrients to grow? Would these nutrients not add to the overall energy content of the algae?

    9. Re:Bullshit by value_added · · Score: 1

      Seems to me you're presenting a land-use argument. That certainly appropriate in certain contexts, but it's a bit of a narrow perspective, doncha think?

    10. Re:Bullshit by habaneroburger · · Score: 2

      The article claims that they're making ethanol, not biodiesel (they compare their process to algae-generated biodiesel as the closest in terms of efficiency).

      Given that, 20,000 gallons of ethanol x 76,100 BTU/gallon x .000293 kwh/BTU = 446,000 kwh, or about 6% efficiency. Could still be a scam, but more plausible.

    11. Re:Bullshit by jmorris42 · · Score: 2, Insightful

      > Don't believe the hype, especially when it's physically impossible.

      Oh stop being so down on these guys. They are just trying to do the right thing, which is to ensure suckers don't keep their money. And Green is THE buzzword right now to part venture capitalists from sacks of cash, and if they won't fall for it the Government certainly will.

      Every week or two Slashdot has one of these Green Energy Miracle stories. Because so many people want so hard to believe in Green Energy scammers will keep giving them what they want, something to believe. Doesn't have to be true, just like any other religion it just has to make the believer feel good enough to be happy to part with the cash.

      Reality check. Been waiting decades for my flying car, but it ain't ever coming. Even if the tech could be solved the legal problems can't. Been waiting for fusion power about the same time. And it is still thirty years away. Same for 'green energy.' We know how to do it but it ever coming either because the only method that makes economic sense is politically incorrect.

      --
      Democrat delenda est
    12. Re:Bullshit by Spy+Hunter · · Score: 1

      Wait, photosynthesis is only 15% efficient? You mean photovoltaic panels are already more efficient than plants? I had always assumed that nature had done much better than that.

      --
      main(c,r){for(r=32;r;) printf(++c>31?c=!r--,"\n":c<r?" ":~c&r?" `":" #");}
    13. Re:Bullshit by vlm · · Score: 2, Informative

      5kwh per m^2 per day? At what latitude? If that is on the high side, they are back on the theoretical impossible part of the field.

      http://en.wikipedia.org/wiki/File:Us_pv_annual_may2004.jpg

      In southwest texas, 5 KWH per sq M is wildly pessimistic by around a factor of two. In western Washington state, it is wildly optimistic by a roughly equal factor of two.

      Taking a wild guess based on my vast real world experience, a marketing weasel might just possibly use the "best obtainable" number available, and maybe round up all figures, giving around "ten" KWH per day and rounding up to about 16 or so MM KWH per year.

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    14. Re:Bullshit by vlm · · Score: 1

      suppose that it is ethanol

      With respect toward biofuel production, yeasts ferment ethanol in the dark, algaes photosynthesize oil in the light.

      A direct photosynthesis route to make alcohol would be really cool. The longer the beer lays in the sunlight, the stronger it becomes...

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    15. Re:Bullshit by vlm · · Score: 1

      Dang it! Surprise!

      http://www.freepatentsonline.com/7135308.html

      Process for the production of ethanol from algae
      United States Patent 7135308

      Abstract:
      The present invention describes a process for the production of ethanol by harvesting starch-accumulating filament-forming or colony-forming algae to form a biomass, initiating cellular decay of the biomass in a dark and anaerobic environment, fermenting the biomass in the presence of a yeast, and the isolating the ethanol produced. The present invention further relates to processing of the biomass remaining after ethanol production to recovering biodiesel starting materials and/or generation of heat and carbon dioxide via combustion.

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    16. Re:Bullshit by afidel · · Score: 1

      5kWhr/m^2 is average for the globe. Flagstaff Arizona is closer to 6, Archorage is closer to 2.5, for a fairly complete list for the US see this page.

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    17. Re:Bullshit by Duradin · · Score: 1

      Photovoltaic panels didn't have the constraint of having to develop replication and maintenance capabilities. They engineered humans to figure that out for them.

    18. Re:Bullshit by Anonymous Coward · · Score: 0

      I know!

      I remember hearing, decades ago, about these things called "computers", that were supposedly going to pay our bills, supplement the telephone, and even (get this!!) deliver friggin video... in color.

      Bunch of gullible hippies.

    19. Re:Bullshit by ckaminski · · Score: 1

      And sunlight doesn't penetrate to any depth? Ever been to a forest? Little trees under the canopy still manage to grow and become green. I'm not saying this isn't snake-oil, but I think your simple off-the-cuff math doesn't take into account other factors affecting biomass density. It's also agreeably a best-case calculation based on weather factors. Plus a plant is so much more than just sunlight - it's water, chemicals, nutrients and minerals.

    20. Re:Bullshit by FlyingBishop · · Score: 1

      If a conservative estimate would match the current price of oil, I don't think they'd feel compelled to go with a somewhat exaggerated claim. Simply matching the current price of oil would be sufficient to greenlight this program. There's plenty of money to be made.

      And even at a modestly smaller value, too.

      But it's probably snake oil.

    21. Re:Bullshit by WalksOnDirt · · Score: 1

      Southwest Texas seems to top out on the map you linked to at just over 6.5, so 5.0 is not close to a factor of two off.

      More importantly the map is for solar energy available at latitude tilt. This is quite appropriate for determining how much energy you can get from a given area of solar cells, but hardly for figuring out what's available per acre in the USA. Perfectly find for Ecuador, I guess.

      Still, five kilowatts hours per square meter per day was a reasonable number to use.

      --
      a,e,i,o,u and sometimes w and y (at be if of up cwm by)
    22. Re:Bullshit by steltho · · Score: 1

      So their actually at 10% efficiency, which while unlikely at least has the merit of not being theoretically impossible.

      Does anyone know how this compares with solar energy? If you covered one acre with solar panels instead of algae, would you be able to produce more energy?

    23. Re:Bullshit by Anonymous Coward · · Score: 0

      I think the idea is that they mostly cover an acre (or however much) with pure chlorophyll. Imagine they take a 4x8 sheet of plywood and cover it completely with a fishtank full of algae-like creatures that are agitated so they all get equal exposure. Unlike plants where you have lots of area between them where the sun just hits dirt, in this case the entire area is covered with many inches of green water so almost all light is absorbed. Then you can cover an acre with 1361 of these plywood sheets all abutting their neighbors, and you'll have an acre of oil-producing chlorophyll.

      I'm sure you'd want to leave some space between the reactors to be able to walk and do maintenance, but I think it would be possible to get 20k gallons. I don't think it's likely, but as an upper limit I think it could be done.

      dom

    24. Re:Bullshit by Joey+Vegetables · · Score: 1

      Same for 'green energy.' We know how to do it but it ever coming either because the only method that makes economic sense is politically incorrect.

      I tend to agree. Here is what we can do right now, and for all reasonable values of "the foreseeable future":

      • Produce energy more cleanly, cheaply, and safely than any of the alternatives, through modern nuclear fission reactors.
      • Make it portable, by using it to convert cheap coal (too dirty to burn, useless for any other purpose) into liquid fuels.
      • Make it carbon-neutral or even carbon-negative by sequestering CO2 from the air (I don't believe that is truly necessary, but if it were, we could do it.
      • End wars for domination of energy resources, because uranium and thorium in the quantities required are abundant and cheap, and will remain so for the foreseeable future provided there is at least one large country sufficiently free to allow for the financing of continuing exploration and production.

      Why don't we do this? Because the powers that be cannot prevent expansion of the economy - and thus eventual dilution of their power, relative to the private sector - unless they control and ration the supply of energy. They can best do this by limiting the one technology that makes all the rest possible: nuclear fission. So they do.

  9. So it might not power all of America's cars by ickleberry · · Score: 0

    But that doesn't mean this type of biofuel production should be dismissed completely. Of course the best types of biofuel are those that turn an otherwise worthless waste product (like fish oil) into something usable. Even with the conversion of only waste-product to biofuels there should be more than enough fuel to run the world's chainsaws so future generations of kids can play Doom II the same way we did. Maybe a fair few diesel generators, farm equipment and a few lawnmowers (get off my lawn!) can also run off the stuff.

    What's also needed is the production of single cylinder ethanol-only engines, these are much more efficient than the E85 ones you see around. With the low over-all volume of fuel these things consume it doesn't even matter if ethanol is a bit more expensive than ordinary gaz. Once we got good ultracapacitors and lithium titanate batteries electric cars will become feasible for most people but electric tractors and HGV's are a long way off, so better off trying to save the biofuels for those kind of machines.

    Btw electric chainsaws and lawnmowers suck immeasurably compared to their gaz-powered counterparts but that has a lot to do with the effective 3kW limit placed on household electric motors. I'm sure there is quite a negative environmental impact associated with bringing three-phase to everyone's house especially in the countryside where it would be needed most.

    1. Re:So it might not power all of America's cars by Anonymous Coward · · Score: 0

      Gas powered equipment might be more powerful, but it's silly to say the current electric lawnmowers (don't know about chainsaws) suck. I have an electric mower and it works just fine. For the typical suburban home, I can't imagine how a modern electric mower wouldn't work well enough.

    2. Re:So it might not power all of America's cars by Anonymous Coward · · Score: 0

      it might work for you but not out here mang, I'd hate to have to cut the grass with an electric mower, its bad enough cutting around all sorts of little shrubs and borders without a tether and anything with a battery is just too asthmatic to even bother giving a second thought. You're also stuck at around 4HP with an electric mower which just isn't enough for any decent sized push mower even

    3. Re:So it might not power all of America's cars by demonlapin · · Score: 1

      The cord would be a nightmare, but 4 HP is plenty for cutting. I used to cut my parents' lawn in the late 80s with a 2 HP motor; you either cut more often or go a bit slower when cruising through tall grass.

  10. Variant of algae? by Andy+Dodd · · Score: 2, Interesting

    As best as I can tell, their process is likely using genetically engineered algae that perform better than the best existing "natural" algae for biofuels production. There aren't really any other candidates for genetically engineered organisms for this particular goal.

    The problem is that to be so efficient at biofuels production, such algae are at a severe competitive disadvantage to other less suitable species. Based on what I've seen so far, one of the biggest problems with algae biofuels production has been contamination of bioreactors with species that grow more easily but are not suitable for biodiesel production. If someone engineers algae to be even better at biofuels production, it'll likely make the contamination problem even harder to solve.

    --
    retrorocket.o not found, launch anyway?
    1. Re:Variant of algae? by jayme0227 · · Score: 1

      So we should completely give up trying to fix one problem because we have other problems?

      Both the relative lack of efficiency and the problem of contamination need to be solved in order for this to be a viable solution. If they solve the contamination issue, it may make it more difficult to increase efficiency, but if they solve the efficiency problem, they may have more difficulty solving the contamination problem. Since they both have to be solved, and, in all likelihood, each problem is just as likely to cause difficulties with the other, why does it matter which is solved first?

      That said, I'm highly skeptical of this whole technology, and will continue to be skeptical until they show real evidence that they are capable of doing what they say they can do. In theory, I can design a plane that can fly faster than anything the military has now. In fact, the model airplane I've designed flies faster than any model military plane. Give ME money.

      --
      But then I realized the cable was blue, so I only gave it one star. I hate blue.
    2. Re:Variant of algae? by Andy+Dodd · · Score: 1

      No, I just suspect that their system is more snake oil or will fail to deliver on promises as it's more susceptible to the main current barriers to microorganism-based biofuels.

      They claim they're not using algae, which is interesting as bacteria that perform photosynthesis are pretty rare (and IANAB but I thought that in general, if a single-celled organism is capable of photosynthesis that it was considered algae.)

      --
      retrorocket.o not found, launch anyway?
    3. Re:Variant of algae? by scorp1us · · Score: 1

      Or to put it another way, the effort to create the fuel is the effort removed from its pursuit of survival, and therefore is at a competitive disadvantage to other naturally occurring organisms. Perhaps they could find a pair of organisms that work together to make an environment ideal for each other while being hostile to any other bacteria not contributing to the goal. While the efficiency may be reduced (the volume of "helpers") will decrease from the maximum production) you'll get more stable production over the long term, decreasing maintenance costs. I imagine an additional helper to create a toxin or hunts contamination down and destroys it leaving the producers to produce. Just a thought.

      --
      Slashdot's rate-of-post filter: Preventing you from posting too many great ideas at once.
    4. Re:Variant of algae? by drinkypoo · · Score: 2, Insightful

      As best as I can tell, they've only done this in the lab, probably in closed reactors. So long as they stick with closed reactors, they should do fine. The problem then becomes getting CO2 into the mix; algae normally just gets it from air. But, until you filter it down to one micron, maybe less, air might contaminate your water.

      The USDOE already determined that the best you could do with open ponds is to just let the local algaes drift in on the wind... but that doesn't tell us anything about closed reactor systems.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    5. Re:Variant of algae? by afidel · · Score: 1

      The solution to that is simple, you put in an algicide that your GE strain is engineered to resist. This of course requires fairly heavy quantities of algicide and monitoring to make sure that you haven't crossed that trait into natural species (monitor and destroy any reactors containing cross species).

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    6. Re:Variant of algae? by Anonymous Coward · · Score: 0

      One good phage and the whole thing goes to crap.

    7. Re:Variant of algae? by AnotherBlackHat · · Score: 2, Insightful

      Or to put it another way, the effort to create the fuel is the effort removed from its pursuit of survival, and therefore is at a competitive disadvantage to other naturally occurring organisms.

      Not when man is a significant predator.
      Any organism that doesn't make enough fuel would be selected against a lot more heavily.

    8. Re:Variant of algae? by Toonol · · Score: 3, Insightful

      I think the inability of the bacterium to compete in nature might be a PLUS. I'd rather have it in pools that required constant human supervision, than spreading into the ecosystem.

      Ideally, while they are engineering it, they will build in a tolerance/requirement for, say, growth in a high-ph environment. Then, it will have a hard time contaminating us, and we'll have hard time contaminating it.

    9. Re:Variant of algae? by CubicleView · · Score: 1
      from the article

      Joule's process seems very similar to approaches that make biofuels using algae, although the company says it is not using algae

    10. Re:Variant of algae? by Andy+Dodd · · Score: 1

      Problem with closed reactors is that it gets hard to get the surface area you need for lots of production economically.

      --
      retrorocket.o not found, launch anyway?
  11. If this works by xs650 · · Score: 4, Funny

    we should name a unit of energy after the company

  12. What about water? by piojo · · Score: 1

    I've been hearing that these ethanol energy plans would use more water than we have available. While that's certainly true in California (there's a drought here), I wonder if it's true in the rest of the US. If water becomes scarce, it's gonna get expensive, and it will no longer be feasible to use it to produce ethanol.

    --
    A cat can't teach a dog to bark.
    1. Re:What about water? by mcgrew · · Score: 1

      There's no shortage of water close to a big river like the Mississippi or Missouri.

    2. Re:What about water? by Anonymous Coward · · Score: 0

      It's actually not an issue with algae production. Virtually all the water is recycled. A tiny amount is lost in the process but it shouldn't be a factor. Traditional power plants use far more water.

    3. Re:What about water? by kiick · · Score: 1

      Ahhh, but you can use the Ethanol to power a distiller to make your own water.


      (yes, I'm joking)

    4. Re:What about water? by Culture20 · · Score: 1

      If water becomes scarce, it's gonna get expensive

      Gonna? I saw a $4 bottled water at the movies.

    5. Re:What about water? by afidel · · Score: 1

      We're not going to run out of saltwater any century soon, and most strains of algae grow just fine in saltwater.

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
  13. Your ballpark is right... by nweaver · · Score: 1

    I did the same rough pencil and paper calculations, and the efficiency claim they are making is 10%+, which really would be amazingly outstanding if possible, but is so high I'd find it highly doubtful.

    I'd be happy with 2-5% efficiency with such a scheme.

    --
    Test your net with Netalyzr
  14. If only by xrayspx · · Score: 1

    If only we could actually run our cars on Snake Oil we'd be all set.

    /I have no reason to believe Joule Biotech is "snake oil" fwiw.

    1. Re:If only by Anonymous Coward · · Score: 0

      You bastard ! - I just got back from the hospital after trying to shove snakes into my gas tank. I can tell you, they don't like it.... "Not one little bit!" :D

  15. My idea is even better!!!! by tgatliff · · Score: 1

    I have an idea that is 10x their idea!!!!.... Mine promises infinite energy for all (free in fact), and the best part is that it will be ready next week if you just give me $100 million dollars immediately... In fact, after the wire transfer goes thru, everything (at least for me) will be wonderful...

    In short... Anytime you see a company talk about the next great thing, but they have not done it yet is just marketing for dollars... If their idea was so good, then why are they having to tell everyone about it... Also, If they have not built anything yet, then why have they already burned thru "substantially less than $50 million dollars"....

    1. Re:My idea is even better!!!! by Miseph · · Score: 1

      They're trying to build a manufacturing plant and hire a staff to operate it, those things cost a lot of money, money that needs to be spent between now and when they actually are able to make money selling stuff.

      Of all the possible things to point as as being suspicious, that one probably sucks the hardest.

      --
      Try not to take me more seriously than I take myself.
    2. Re:My idea is even better!!!! by CorporateSuit · · Score: 1

      I have an idea that is 10x their idea!!!!.... Mine promises infinite energy for all (free in fact), and the best part is that it will be ready next week if you just give me $100 million dollars immediately... In fact, after the wire transfer goes thru, everything (at least for me) will be wonderful...

      Isn't that exactly what Nikola Tesla told J.P. Morgan?

      --
      I am the richest astronaut ever to win the superbowl.
  16. Snake Oil? by Anonymous Coward · · Score: 1, Funny

    The real question is, how many snakes can we raise per acre, and what's the average oil yield, per snake? Can snake oil become competitive with crude oil? *grin* If the snakes are green, does that make it truly green energy?

  17. I suspect by kenh · · Score: 1

    The "secret recipe" has, as one of it's ingredients, just over 20,000 gallons of gasoline.

    BTW, have you seen how E85 cuts engine performance? The EPA milage numbers for a late model E85 burning Suburban show 16 MPG on regular gas, and 12 MPG on E85, or put another way, it would take 1 1/3 gallons of E85 to travel as far as one gallon of fuel, more than eliminating the "savings" of using E85 in the first place.

    1.333 of 0.85 gasoline equals about 1.13 gallons of gasoline to travel as far as one gallon of gasoline (and this "back of envelope calculation" ignores all the fuel consumed in creating the E85 fuel).

    For thsoe of you slow with math it takes 1.333 gallons of E85, which is diluted so-called E0 (no Ethanol) gasoline to travel as far as 1 gallon of E0 fuel WITHOUT the Ethanol. And there is the subsidies, and the research money,and the taxc incentives, etc. What exactly was the point of E85 again?

    --
    Ken
    1. Re:I suspect by kenh · · Score: 1

      I'M WRONG.

      My BAD.

      E85 is 85% Ethanol, not 15%...

      I'll wear my Emily Litella ( http://www.youtube.com/watch?v=V3FnpaWQJO0 ) moniker with shame for the rest of the day.

      --
      Ken
    2. Re:I suspect by ickleberry · · Score: 1

      Not E85, but E100 in purpose built engines is where it's at. Burning ethanol in an engine that can also burn petrol does reduce performance but ethanol doesn't hold quite as much energy as petrol so while the actual volume of liquid consumed is larger, the amount of energy stays the same or decreases

    3. Re:I suspect by bcmm · · Score: 1

      That is true for engine tuned for gasoline.

      Engines designed to take advantage of ethanol can perform very well indeed on it (not that this makes bioethanol a good idea, considering land use and all).

      --
      # cat /dev/mem | strings | grep -i llama
      Damn, my RAM is full of llamas.
    4. Re:I suspect by Duradin · · Score: 1

      You'd probably want E96 (i.e. 4% water, which iirc is what Brazil ran).

      There's a massive jump in the energy required remove the water when you get into the really high proofs. 96%/192 proof is (or was) the sweet spot between purity and energy required.

    5. Re:I suspect by toejam13 · · Score: 1

      It comes down to the power of the corn lobby. Specifically, companies such as Archer Daniels Midland (ADM) that have huge corn processing subsidiaries. Large corn growing states, such as Iowa and Kansas, also have powerful government forces behind the effort.

      That all said, one major benefit of ethanol alcohol is with engine design. While each liter of ethanol may have fewer joules of energy than a liter of gasoline, ethanol does have a much higher autoignition point (246C/475F for gasoline versus 365C/689F for ethanol). You see this reflected in the effective "octane rating", in which regular gasoline in the US has an RON of 91, premium gasoline an RON of 97 and E85 ethanol an ROL of 105. That allows you to operate your engine with higher compression ratios and higher temperatures (up to a point, before nitrogen oxide emissions become a problem). This should allow for smaller engines that produce equivalent horsepower and torque. Smaller engines weigh less, which therefore consume less fuel, etc...

      The biggest issue that I've seen is that most E85 engines don't really do much more than readjust the air:fuel ratio to handle the lower BTU of ethanol. Heck, Henry Ford's model T could do the same thing with the turn of a dial. The result is something of a waste of the potential of what ethanol can do since the engine must remain compatible with standard grade gasoline.

      In theory, you should be able to tweak a high performance engine to take advantage of the higher detonation point of E85. One idea is to have a turbocharger modify its level of compression based on the fuel type used. You could also have different piston heads or valve heads, especially tuned for E85, and then have the engine retard the valve timing if you're using lower grade "premium" fuel. Since the octane rating of premium fuel is closer to that of ethanol, your engines doesn't need to cripple itself to maintain such a wide range of fuel compatibility.

  18. a factor of 3 is NOT an order of magnitude by TheCarp · · Score: 2, Interesting

    > yet even so, the new process would represent an order of magnitude improvement.

    Nope.

    6,000 to 20,000 is somewhere around a factor of 3. An order of magnitude is a factor of 10. Or as wikipedia puts it:

    "An order of magnitude difference between two values is a factor of 10. For example, the mass of the planet Saturn is 95 times that of Earth, so Saturn is two orders of magnitude more massive than Earth. Order of magnitude differences are called decades when measured on a logarithmic scale."

    Still impressive.

    -Steve

    --
    "I opened my eyes, and everything went dark again"
    1. Re:a factor of 3 is NOT an order of magnitude by Anonymous Coward · · Score: 0

      I think they were talking about the low end for algae: 2,000, in which case they are correct.

      Then again, the claim: "we are better than the worst of the best by an order of magnitude!" is rightly confusing and unimpressive.

    2. Re:a factor of 3 is NOT an order of magnitude by BassMan449 · · Score: 1

      Haven't you learned yet that proper comparisons always compare the low end of one product to the high end of the other.

    3. Re:a factor of 3 is NOT an order of magnitude by Nadaka · · Score: 1

      All your base are not belong to 10...

      A factor of x3 is exactly one order of magnitude in log3.

      It is more than an order of magnitude in log2.

  19. Cold Fusion by halligas · · Score: 0, Redundant

    Hay guys. I made cold fusion work in my bathtub. Want to invest?

  20. probably more like 6% if its ethanol by Anonymous Coward · · Score: 1, Informative

    20000gal x 76000 btu/gal ethanol * .000293 kwh/btu => 0.445 MM kWh .445/7.4=> 0.0601 =>~~6% efficient

  21. Furlongs per Hogshead by R2.0 · · Score: 1

    It isn't even snake-oil - it's dimensional sleight of hand. Basically, they are taking a reactor vessel and flattening it out so that they can use solar energy for input. And someone said "Hmmm, if we make this big enough, we can use really big words to describe it." So when they say "per acre", they mean "per X thousand reactors, which happen to fit on an acre of land".

    This is to agriculture as cocaine is to chewing coca leaves - same raw materials, BIG difference in process, cost, and end product. It actually sounds like a good idea, but for the marketing deception.

    --
    "As God is my witness, I thought turkeys could fly." A. Carlson
  22. or I should have said.... by TheCarp · · Score: 1

    Ok.... 2,000 (taking the low) to 20,000 is an order of magnitude. However.... when the range is 2,000 to 6,000 well
    thats a pretty big range. There is a factor of 3 between the low and high water marks for the previous tech. Does it seem fair to judge the new tech based solely on the low water mark for the old tech?

    So essentially its anywhere from a factor of 3 to an order of magnitude. Which is, at least in my mind, not really as good as saying its "an order of magnitude"

    -Steve

    --
    "I opened my eyes, and everything went dark again"
  23. My goodness. by johncadengo · · Score: 1

    First snakeoil... now algaeoil! What's next?

    --
    My page.
  24. Good and Bad by scorp1us · · Score: 1

    Well, assuming there is a viable competitor to gasoline (never mind the somewhat dubious claims of photosynthetic efficiency, they are claiming over 10%, with photosynthesis being about 2%-4% in the real world) You will only manage to set the upper price for gas. Given that the gas is pretty much completely speculatively priced, the availability of a competition would be to put a practical price limit. This is good in that it ensures gas will be cheap. This is bad because it ensures gas will be cheap. It is counter to the environmental agenda which is to get us off of fossil fuels. Ensuring its cheapness is a step in the wrong direction. Furthermore, as pointed out by others, the algae needs a substantial amount of water and land to scale. This in and of itself is an environmental burden. I think the real answer lies with photo-electric solar cells. The only downside to those is the many greenhouse gasses used in their manufacture. I see that as temporary as we discover and invent to materials to make the cells out of.

    --
    Slashdot's rate-of-post filter: Preventing you from posting too many great ideas at once.
    1. Re:Good and Bad by Anonymous Coward · · Score: 0

      Hopefully the algae gasoline will be more carbon neutral as the carbon is coming from the air instead of being dug up from under ground. If all gas was made this way, maybe there'd be no problem with gas being cheap.

    2. Re:Good and Bad by epine · · Score: 1

      photosynthesis being about 2%-4% in the real world

      Photosynthesis in a colonial atmosphere, with no green shift.

      Wikipedia:

      Actual plants' photosynthetic efficiency varies with the frequency of the light being converted, light intensity, temperature and proportion of CO2 in the atmosphere, and can vary from 0.1% to 8%

      Why is it the plants reflect the most energy intensive portion of the visible light spectrum? Maybe they can't handle the heat?

      Regarding this thread as a whole, why is it that scepticism is so often given a free ride? I don't think 10% is out of range for an engineered solution. It's the engineering, not the claimed parameters, most deserving of scepticism.

    3. Re:Good and Bad by afidel · · Score: 1

      The other downside to large scale photo-electrics are the vast quantity of toxins used in their production and the rare elements used in their production. Neither or those are going away anytime soon.

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    4. Re:Good and Bad by Courageous · · Score: 1

      You will only manage to set the upper price for gas.

      This assumes that the petroleum doesn't have another profitable use, such as plastics. This assumption is probably correct, I'm just sayin'.

  25. It isn't Algae... by meerling · · Score: 3, Informative

    If you've read the article, you will note that it states specifically that it doesn't use algae.
    It does say that the closest thing out there to what they do are ones that use algae.
    When the first cars were built, the closest thing to them was the carriage, but automobiles didn't use horses to power them.


    As to the people questioning as to whether they are using genetically engineered organisms, the article clearly states that they are.
    Yes, your fuel may soon come from a genetically engineered non-algal microbe.
    Sure, fine and all that, but I still want man portable fusion cells... Or maybe pocket antimatter. >^_^

    1. Re:It isn't Algae... by the_humeister · · Score: 1

      Sure, fine and all that, but I still want man portable fusion cells... Or maybe pocket antimatter. >^_^

      I'm not sure I like where this is going:

      Woman: "Is that pocket antimatter or are you just happy to see me?"
      Me: "Why yes it is poc..." *cue large matter-antimatter explosion*

    2. Re:It isn't Algae... by duanes1967 · · Score: 1

      >>> "Or maybe Pocket antimatter".... Hmmm - My wife says I create this with beer, hot wings and pickled eggs. I think the kids agree !

    3. Re:It isn't Algae... by RealGrouchy · · Score: 1

      If you've read the article, you will note that it states specifically that it doesn't use algae.
      It does say that the closest thing out there to what they do are ones that use algae.
      When the first cars were built, the closest thing to them was the carriage, but automobiles didn't use horses to power them.

      I can't wait to drive the first algae-less carriage!

      - RG>

      --
      Hey pal, this isn't a pleasantforest, so don't waste my time with pleasantries!
    4. Re:It isn't Algae... by Anonymous Coward · · Score: 0

      Darn I had a plan all worked out.

      Lease out a chunk of the Mojave to the highest bidder.
      Drain the Great Lakes and pump the water to California.
      Pump that pesky waste water back to the Colorado River. Mexico neds somthing to float thier sewage to the Sea of Cortez anyway.
      That would be the 21st century public works project needed to pump up the ecomomy. It could be called the Western Power Zone or WPZ (WoPerZ)

  26. big oil is not stupidly evil by OrangeTide · · Score: 4, Insightful

    They are greedy. they are in a for-profit business. Once we realize that green investments by most of the big oil companies is not some show to appear green, and really a strategy for them to continue operating refineries it all starts to make sense. If the big oil companies have to buy unprocessed biofuels from New Mexico and Arizona instead of shipping it from the Gulf of Mexico and the Middle East, who cares. As long as the fuel is good and cheap they can build or convert refineries to process it. Ultimately the big oil companies are in the business of refining matter to make it usable in an internal combustion engine.

    Given the assumption that big oil wants to survive (and thrive) and continue profiting. The myth that big oil wants to suppress innovation because they have some sort of warped ideology where they hate the Earth and the environment. (sorry, capitalists are nothing like the villains on the Captain Planet cartoon from the 1990s)

    While I have no proof, I think an argument could be made where big oil does suppress, or at least has motive to suppress, innovation that makes it easy for any individual or small start up to transport people and materials without the the use of products from big oil's refineries. This sort of conspiracy at least fits big oil serving their own self interests. The other conspiracies where big oil spends a billion dollars on "green" investments as a PR stunt seems far less likely, because it uses money so inefficiently.

    --
    “Common sense is not so common.” — Voltaire
    1. Re:big oil is not stupidly evil by jeffmeden · · Score: 3, Interesting

      They are greedy. they are in a for-profit business. Once we realize that green investments by most of the big oil companies is not some show to appear green, and really a strategy for them to continue operating refineries it all starts to make sense.

      This is woefully uninformed. They are in business to turn a profit *this quarter*. There is no commitment to "future shareholders", only current ones, so no the company has little incentive to do anything aside from very short term "investment". Think of it this way, if it boosts PR enough to avoid a public outrage that leads to a windfall profits tax being levied the next time oil gets above $100 a barrel, it will have been worth billions. Considering the current political climate, that is not a far fetched scheme at all.

    2. Re:big oil is not stupidly evil by Bruiser80 · · Score: 4, Insightful

      If that is true, why are wells with lots of available oil across the country not being pumped? If it were true that they weren't looking towards the future, they would not consider this "easy" oil an asset for future use. It would be cheaper to pump that oil now than to pay $70/bbl from the mid-east. However, in the future, that oil could be pumped when the mid-east is charging $200/bbl.

      If they perceive a shortage of oil, which would lead to inflated prices, it would be in their best interests to determine a way of getting oil. If one path leads to profits now, but bankruptcy in 10 years, that's not good business. The most profitable path is the one that is sustainable for the company.

      --
      Arguing with an engineer is like wrestling a pig in the mud. After a while, you realize the engineer enjoys it.
    3. Re:big oil is not stupidly evil by Anonymous Coward · · Score: 1, Insightful

      You are uninformed. Stocks are only what people think they are worth and a lot of that has to do with the future. Good luck convincing someone your stock is worth a lot if you aren't investing in the future. If what you said is true then they would fire everyone and sell the remaining oil for huge profit "today" at the expense of later.

    4. Re:big oil is not stupidly evil by LackThereof · · Score: 1

      You are assuming that the oil company executives do not believe their own propaganda about how oil will never run out.

      Given their recent behavior, and the ultra-slim portion of their R&D budgets that goes into green fuel, I'm starting to fear that they believe their own bullshit.

      --
      Legalize recreational marijuana. Seriously.
    5. Re:big oil is not stupidly evil by tsotha · · Score: 4, Insightful

      There is no commitment to "future shareholders", only current ones, so no the company has little incentive to do anything aside from very short term "investment".

      This is just silly. And wrong. If oil companies only cared about profits in the next quarter, how do you explain expenditures of hundreds of millions of dollars on a new oil field? It takes at lest three or four years to bring a new field online, not counting exploration. And how do you explain drug companies researching drugs that won't hit the market for almost twenty years, if ever?

      Companies have a commitment to future shareholders in the sense that what people think a stock will be worth in the future is the major determiner for what it's worth today. That's why Intel builds new fabs, drug companies research drugs, and oil companies spend money trying to insure they'll have a product to sell when they start running out of oil.

    6. Re:big oil is not stupidly evil by Anonymous Coward · · Score: 1, Insightful

      While I agree with you, you're missing some important points. The senior managers of oil companies have spent their careers optimizing the money to be made from black oil and they have been handsomely rewarded for doing so. Now the game may be changing. Most people resist change especially when there are risks involved. The natural tendency is to stall if not actively hinder developments that may make your hard won knowledge and experience obsolete.
      Do not underestimate psychological factors. The large oil companies just want the future to be like the past, let's hope its a little different.

    7. Re:big oil is not stupidly evil by raddan · · Score: 2, Insightful

      It's obviously more complicated than that. If I were running Exxon, and literally, this quarter is all that matters, you know what I'd do? I'd sell all of our refineries and derricks to our competitors. Huge influx of cash. Of course, next quarter, you're toast.

      Since this is not happening, I think we can conclude that (gee, wow!) even public companies have some ability to think long-term. Shareholders may want ROI, but don't forget that many of them also want ROI over a long term (this is what the term "investment" used to mean, anyway!) They're not going to go charging in, demanding the CEO's head for a bad quarter, or even a few. Public companies are obviously on a tighter profitability leash than a privately-held company, but anyone who thinks that public companies, categorically, aren't capable of real investments is wrong. Intel is a great example of a company that manages to stay competitive (ok, they have some evil tricks, too) precisely because of their long-term investments.

    8. Re:big oil is not stupidly evil by Anonymous Coward · · Score: 0

      While there is certainly an excessive amount of short term hedging in corporate investments these days. Oil and a other energy investments have become hot items for long term investment because they when volatile for a bit then tumbled badly with the economy. When inflation rises and alternative energy legislation go through, where alterative energy is traditionally more expensive to produce, it seems like a solid long term investment.
      Also your argument focuses solely on short term gains of investors. But there is usually at least some forces at work that wish a business to remain solvent. Because perception of instability or a business that may only succeeded in the short term can have a drastic impact on share price. Also the board members usually have enough shares that it is difficult to liquidate quickly, so there is also some incentive there to not drive a company completely into the ground.
      It's not a perfect system, or even a reliable one, but it also does not operate as you have described either.

    9. Re:big oil is not stupidly evil by OrangeTide · · Score: 1

      Well the oil executives that are in their 50s or older are pretty much going to retire long before we run out of oil according to any of the even remotely serious models. So what the hell do they care?

      In 20 years we'll just have to drill for the dirtier stuff and spend more money refining it. Funny thing is, the more the product needs to be refined the more money the oil companies can charge, and usually for a larger net gain given that everyone tends to run the same margins (in terms of percent). Either because refining is competitive or because the oil companies have some secret agreements going or because some regions have government price setting (which typically favor oil companies, because they have money for good lobbyists)

      --
      “Common sense is not so common.” — Voltaire
    10. Re:big oil is not stupidly evil by OrangeTide · · Score: 1

      You're right that there are psychological factors. I deal with them every day, book publishers resist moving away from a business process that involves the manufacture and distribution of physical books, and towards a model where their value add for an author is marketing and deals with key retailers of electronic books. It's been 2 years since I started, and publishers are more receptive than they once were. I think profit and fear of a business collapsing is enough to encourage the risk adverse executive of a highly conservative(in terms of business) organization to adapt their business to a changing market.
      Ultimately it is sink or swim in a free market. If you can't adapt, you perish (or get the government to protect you).
      The oil companies have lots of solid business reasons to take control of alternative energy markets, especially if they can make decisions early about which forms become the winners in the market. Then they can choose forms that favor centralized control, where they can continue business as usual. Perhaps different technology, but the same business models of we buy some raw materials from a nation or other business cheaply, and then we sell it for a huge profit because the entire world depends on our nearly exclusive product.
      Right now drilling for crude takes a huge capital investment, that locks out a lot of competition. And the exclusivity of good drilling locations also works to their advantage. Plus there is great government support (not just the US government) for the top oil businesses(exclusive contract, sweet deals, etc).
      If key patents can be collected for green energy, I suspect the same sorts of benefits for the raw unrefined materials. And possibly more patents for turning those green materials can be way cheaper than building an oil derrick. And an oil company can license the patent for huge royalities or be an exclusive monopoly for a certain key type of green fuel.
      The tricks are: To make it cheaper or the same price as fossil fuels. To have some sort of exclusivity to stifle start-up competition(big capital, patents, etc). And most importantly, to have a green standard, one kind of fuel that everyone wants to use. The last should be pretty easy, biodiesel or ethanol will be the two likely winners. Methane, Hydrogen or Biopropane, etc are possibilities but seem highly unlikely to be front runners in the green fuel race no matter how cheaply they could be produced.

      --
      “Common sense is not so common.” — Voltaire
    11. Re:big oil is not stupidly evil by aembleton · · Score: 1

      If one path leads to profits now, but bankruptcy in 10 years, that's not good business.

      True, but as these oil companies are so big then they'll probably get bailed out; just like the banks who sought short term profits at the expense of long term stability.

    12. Re:big oil is not stupidly evil by JavaManJim · · Score: 2, Insightful

      The parent comment is not insightful as graded. Please downgrade to 1.

      Reason is I have worked in the petroleum production business. Oil is here and there in certain strata under the ground. Sometimes like in the East Texas Oil field its a puddle 3,300 feet under the ground. Cheap to extract. Other wells cost upward of 20 million to drill so their associated costs are much higher. Even more so if the well is far offshore. Finally an oil company is in business to produce the stuff. They never ever hoard oil. It may appear that way because come oil is more expensive to produce than a current price per barrel indicates.

      Think back last Summer when oil price per barrel was extremely high $147. Every energy project was golden. Every expensive well could be turned on. Boone Pickens could invest in wind turbines because at $147 his expensive wind turbines were competitive.

    13. Re:big oil is not stupidly evil by Dravik · · Score: 1

      Oil is a very high capital, very long lead time business. Remember all those arguments about ANWR? How it would take 8-10 years to become productive? That's 8-10 years of paying very high salaries to get people to live in the Artic, buying and shipping(Ice Road truckers anyone?) very large, heavy, and expensive equipment, and fighting a bunch of environmental lawsuits. There are a lot of businesses that only look at the next quarter. I'm not sure there is much an oil company can do that would only take one quarter.

      --
      The purpose of language is communication, If the idea is clear the grammar ain't important
    14. Re:big oil is not stupidly evil by w0mprat · · Score: 1

      They'll never need bailing out. When you own the entire supply chain from wells to refineries, the transport and to the retail of fuel, you can extract revenue at any point and scale demand to suite and manipulate market prices aribtrarily. They will always find a way to make a profit. When the price of oil shot up due to speculationg, they posted record profits by directing revenue to the bottomline and not boosting production. Investment in exploration is also still low. Oil wells are sitting unused.

      It seems algae based fuels are being picked up partly as a backstop at least. Oil from the ground is becoming increasingly expensive and uncertain to extract. Algae/biofuel can be produced anywhere there is sunlight and labor, and not in specific locations with unstable politics and conflict-prone nations. It'll be produced where the labor happens to be cheap and the governments development friendly.

      Algae has real promise and if it delivers half as well as it is supposed to it would be just as profitable as fossil crude, and plug right in to the existing infrastructure. Big Oil would not do anything like this if it does not see it as either profitable or a potential threat to profits. Any arguement to the contrary runs against the fundamental tennents of capitalism.

      --
      After logging in slashdot still does not take you back to the page you were on. It's been that way for 20 years.
    15. Re:big oil is not stupidly evil by inKubus · · Score: 1

      Actually, more precise would be to state that big oil is in the business of moving energy from place to place, hopefully somewhere cheap and plentiful (Saudi Arabia) to somewhere expensive and rare (NYC). This is inherently exclusionary (evil) because energy from the sun (oil is just banked sun energy) should be free and owned by all equally. If it were, and we coupled it with the advances in robotics and automation over the next 20 years, all of us could be living a pretty damn good life and not have to work to stay alive. Unfortunately, the powers that be like to keep tight control of energy because if you control energy, you control the people who need it to live. That's not to point the finger at any American company or businessmen and say they have been keeping us down, scheming to subvert the constitution and instead become some sort of higher power over men. Rather, here in America we have seen what control of the energy can get us. But I think now we have the technology to make much better use of this oil than simply turning it into little green pieces of paper. We can build cars and houses more efficiently. We can definitely move ourselves and our goods more efficiently. And we can find new, renewable sources of energy that we will never run out of, and finally begin to live in balance with our world. It's going to take a lot of redesigning but we actually haven't been wasting energy with abandon that long.

      --
      Cool! Amazing Toys.
    16. Re:big oil is not stupidly evil by Anonymous Coward · · Score: 0

      This is just silly. And wrong. If oil companies only cared about profits in the next quarter, how do you explain expenditures of hundreds of millions of dollars on a new oil field?

      The immediate (and short term) increase in share values, leading to executive bonuses.

      Just like the long term visions sold to us by short-term politicians, in fact.

    17. Re:big oil is not stupidly evil by Bruiser80 · · Score: 1

      The rules for what gets considered a profit in banking has changed greatly over the years. In the oil business, it's a little more simple.

      A lot of bank's assets had to be written down when the fed mandated that present value of holdings, not future values, had to be used. This contributed to the wall street collapse. I think it's called mark to market.

      Granted, oil companies have a lot of similar assets, but they have the advantage of selling an invaluable commodity. This world needs oil to survive, and while companies come and go, the masses will still need to get around.

      --
      Arguing with an engineer is like wrestling a pig in the mud. After a while, you realize the engineer enjoys it.
    18. Re:big oil is not stupidly evil by initialE · · Score: 1

      The real issue here is monopoly power. As a big oil company, I'd make sure the technologies developed were only the ones that require big amounts of resources to sustain, so that I won't be trumped by some upstart.

      --
      Starbucks, Harbuckle of Breath.
    19. Re:big oil is not stupidly evil by Anonymous Coward · · Score: 0

      The market is aware of all the things you list, and they are reflected almost immediately in the stock price. This is part of a short-term benefit to the people running the company, even if it won't pay off for several years.

    20. Re:big oil is not stupidly evil by camg188 · · Score: 2, Insightful

      Who do you think are the major stockholders of Exxon Mobile?
      Mutual funds.
      Most of the big mutual funds are designed for 10 - 30 year investments. Mutual fund managers will definitely consider long term plans and returns when they invest, and they have invested heavily in energy companies like Exxon Mobile.

    21. Re:big oil is not stupidly evil by Anonymous Coward · · Score: 0

      Why do you people keep calling them oil companies. They're energy companies. Think about it.

      Your scheme is ridiculous. So in order to turn a profit this quarter, they invest in biofuels so that in the future they can avoid a windfall tax? Umm what? You destroy your argument with future statements.

  27. Am I the only one? by PingXao · · Score: 1

    Am I the only one who doesn't even bother to read these "revolutionary energy breakthrough" stories? Seriously, I read them for a year or two back in the day, but stopped after that, and for the last 5 years I don't feel like I missed anything.

    The only thing that makes me pay attention is when it's revealed these new startups are headed by the brother-in-law of some eleceted official who then attempts to get them a sweetheart deal on real estate, tax breaks, regulations, permits, etc.

    1. Re:Am I the only one? by QuantumRiff · · Score: 2, Interesting
      The thing is, it has been happening, quietly in the background. I think it speaks well of may technologies that they are so hidden, and just work..

      The US has the production capacity of over 2.5Billion gallons a year of BioDiesel with another half billion gallons a year coming online in the next year.

      So, if you pay attention, you are frustrated, because it doesn't seem to be coming fast enough, and if you go away for a few years and come back, you don't notice the differences, because they are baked into the system by then.

      --

      What are we going to do tonight Brain?
    2. Re:Am I the only one? by BJ_Covert_Action · · Score: 1

      Am I the only one who doesn't even bother to read these "revolutionary energy breakthrough" stories? Seriously, I read them for a year or two back in the day, but stopped after that, and for the last 5 years I don't feel like I missed anything.

      Nope, you aren't. This is slashdot. If you don't RTFA, whatever your reasons may be, you shouldn't fool yourself into believing that puts you in any minority, much less an enlightened one.

  28. $50/barrel by alizard · · Score: 1

    with entirely transparent (i.e. entirely plastic or glass) bioreactors?

    Remember that in the unlikely circumstance that this project goes to actual production, the most important ongoing cost of this project is going to be financing the capital investment which is proportional to the amount of capital going into this. So it isn't just the cost of the plastic or glass bioreactor megastructures, it's that cost times x. The numbers might pencil out at $50 minus costs of financing (though without seeing their spreadsheets, I have trouble believing that), but including financing?

    IMO, story's bullshit until proven otherwise.

  29. Comparable units please!!! by QuantumRiff · · Score: 1

    Why not convert the numbers in the summary to how many barrels per acre/year, or how much money per gallon. When did adding the important units of measurement (and converting them all to the same base) become so difficult?

    Produces 20,000 gallons per acre, at $50/barrel.
    I got a car with a 18Gallon tank that gets 3.5L/100km. Oh, wait.. that makes no sense..

    --

    What are we going to do tonight Brain?
    1. Re:Comparable units please!!! by argee · · Score: 0

      At current fuel prices, this is half a million to two million dollars of "product" per year. I am in the wrong line of business. How do I get my acre in production? Or, put it another way, if my car(s) go through only 1,000 gallons a year, can I have a small greenhouse of only 2,000 square feet produce my fuel?

  30. Will it hurt our engines less? by WheelDweller · · Score: 1

    Isn't this the stuff stranding folks at sea with bad (nautical) engines, caused by ethanol?

    I sure hope I'm right; I'd like to think there was *anything* that could touch the effeciency of fossil fuels, but do we have land available for growing both food and fuel?

    --
    --- For a good time mail uce@ftc.gov
    1. Re:Will it hurt our engines less? by maxume · · Score: 1

      As long as non-sugar feedstocks are used, there is plenty of land.

      If you are talking about building bioreactors for algae, you can do it wherever you can get suitable water, you don't need to worry about the quality of the soil.

      --
      Nerd rage is the funniest rage.
    2. Re:Will it hurt our engines less? by palegray.net · · Score: 1

      You failed to address the question of ethanol screwing up engines.

    3. Re:Will it hurt our engines less? by maxume · · Score: 1

      Yeah so? It doesn't screw up engines with suitable parts; if I had a $25,000 boat (I think that is probably cheap for something deserving the description 'nautical'), I'd probably pay attention to what was in the fuel I was putting into it.

      There are tunable non-biological processes that can produce a wide range of fuels from cellulose, including gasoline, I would guess that much of the industrialization will focus on producing gasoline instead of ethanol (or maybe something like butanol, which is a simpler molecule than gasoline, but a much better gasoline replacement than ethanol), unless there is some major difference in efficiency or whatever.

      --
      Nerd rage is the funniest rage.
    4. Re:Will it hurt our engines less? by palegray.net · · Score: 1

      You're missing part of the problem here. The petroleum industry has a long-standing track record of insisting that 10% ethanol-gasoline mixes are safe for use in stock internal combustion engines. This simply isn't the case; there are hordes of documented cases of these blends screwing up engine internals and fuel delivery systems. It's not a matter of having the right parts. In some jurisdictions, it's a legal requirement for filling stations to declare the maximum ethanol content of fuel, but this is by no means a universal requirement.

  31. Comes with FREE ecological disaster potential by gestalt_n_pepper · · Score: 1

    Hydrocarbon producing algae escaping into the environment....
    .
    Whole ecology destruction, anyone? Anyone? Any takers? You! With the gas guzzler? You don't give a flip about some ocean life do ya? Well, here's your algae oil/gasoline. Now go home and don't upset the government/financial speculators. We know what we're doing....

    --
    Please do not read this sig. Thank you.
  32. Check my math by sycodon · · Score: 1

    Gallons of oil in a barrel = 44
    Barrels used per day in U.S. = 20,680,000 in 2007
    Barrels user per year = 7,548,200,000
    Gallons used each Year = 332,120,800,000
    Gallons per Acre per year for this process 20,000
    Acres required to meet U.S demand for a year = 16,606,040

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    1. Re:Check my math by maxume · · Score: 2, Insightful

      Size of Arizona = 72 million acres.

      There is an article in Scientific American that estimates cellulose feedstocks could provide up to half of the liquid fuels used in the United States:

      http://www.scientificamerican.com/article.cfm?id=grassoline-biofuels-beyond-corn

      And that is without building millions of acres of bioreactors.

      --
      Nerd rage is the funniest rage.
    2. Re:Check my math by lyml · · Score: 2, Insightful

      Gallons of oil in a barrel = 44 Barrels used per day in U.S. = 20,680,000 in 2007 Barrels user per year = 7,548,200,000 Gallons used each Year = 332,120,800,000 Gallons per Acre per year for this process 20,000 Acres required to meet U.S demand for a year = 16,606,040

      Acres in the U.S. = 2 000 000 000
      Part of U.S. acres needed to meed demand = 0.7%


      Just throwing around big numbers does not an argument make

    3. Re:Check my math by demonlapin · · Score: 1

      16000000 acres in sq mi: 25000
      Area of New Mexico: over 120000 sq mi.

      There are many sunny places in the US.

      Oh, and add 25% to that, because a standard barrel of oil is 55 gallons.

    4. Re:Check my math by sycodon · · Score: 1

      Not making an argument. Just saying.

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
  33. don't ridicule by circletimessquare · · Score: 1, Offtopic

    algae-based fuels MUST work, and MUST achieve greater efficiency

    or we must learn to master fusion

    but fission won't last forever, and fossil fuels won't last forever, and currently all renewable sources (including algae) are tiny boutique niche sources that won't satisfy our huge energy demands

    civilization will go into decline unless we master alternative energy sources. civilization already funds the enemies of civilization in order to dig on their land (wahhabi islam is an obscenity... to hell with your moral relativism, reactionary fundamentalism of any religion is pure evil, but wahhabi islam is example #1 of this kind of evil)

    so don't criticize, and don't joke. this is very serious. we must get this right. if these joule guys are snake oil salesman, then fine, to hell with them

    but this entire subject matter is very serious. in the next 200 years, we will either master an alternative enery source, or in 800 years, after the next middle ages to come, there will be archeologists writing doctoral theses about why this age of man failed

    and this story is about why we would fail: the inability to master cheap alternatives

    to hell with killer asteroids, nanotech gone amok, atomic bombs in iran, or other speculative modern bogeymen. lack of cheap energy won't possibly do us in... on our current track, lack of cheap energy WILL do us in

    this is the biggest issue of our time

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    1. Re:don't ridicule by Dravik · · Score: 1

      Look, we have a couple of thousand years of fissionable fuel available. You need to add a zero to your apocalypse time frame, and then multiply by a factor of 3-5. If the greens would get out of the way of nuclear power and fuel recycling we would have plenty of time to figure this stuff out.

      --
      The purpose of language is communication, If the idea is clear the grammar ain't important
  34. Cost of what? by SlashDev · · Score: 1

    "...at a cost of about $50 per barrel..." Yeah, if you replace legal workers with illegal ones.

    --

    TOP DSLR Cameras Reviews of the top DSLRs
  35. Let's do the math... by rayharris · · Score: 5, Informative

    Assumptions:
    - They can actually generate 20,000 gallons per acre per year
    - 1 gallon of biofuel will get you the same mileage as 1 gallon of gasoline

    US gasoline usage = 378,000,000 gallons/day = 137,970,000,000 gallons/year
    Source: http://www.eia.doe.gov/basics/quickoil.html

    Area needed: 137,970,000,000 gallons/year / 20,000 gallons/acre/year = 6,898,500 acres = 10,779 sq.mi.

    Comparative area: Massachusetts is 10,555 sq.mi.

    So, we'd need an area slightly larger than MA to generate the needed biofuel. This may seem like alot, but...

    Farmland in US: 922,095,840 acres = 1,440,774 sq. mi.
    Source: http://www.ers.usda.gov/StateFacts/US.htm

    Percent farmland to convert to biofuel: 10,555 sq. mi. / 1,440,774 sq. mi. = 0.73%

    This isn't much, if you ask me.

    Now, for the financial incentive to do so:

    Value of 20,000 gallons of biofuel at $50/barrel: 20,000 gallons = 476 barrels * $50/barrel = $23,000

    Corn yield of one acre: 162 bushels/acres (Iowa)
    Source: http://www.extension.iastate.edu/agdm/crops/pdf/a1-14.pdf

    Value of 162 bushels of corn: 162 bushels * $4.77/bushel (Estimated 2008 Calendar Year Average) = $772.74
    Source: http://www.extension.iastate.edu/agdm/crops/pdf/a2-11.pdf

    So, converting one acre of corn farmland to one acre of biofuel farmland will increase the revenue from $773 to $23,000, a nearly 30-fold increase.

    So, this looks like it might be worth it depending on the cost of conversion and cost versus revenue. It'll certainly be interesting to watch.

    --
    I void warranties.
    1. Re:Let's do the math... by L3370 · · Score: 1

      Assuming that they use a crop such as corn... If corn farmers knew that their product could make $23,000 profit for the buyer, they would probably raise the price of their crop to a price so high that corn would no longer be cheap enough to use as a food source. I fear that eventually the buyers and sellers will understand eachothers profit potential and will adjust the prices accordingly

    2. Re:Let's do the math... by jmorris42 · · Score: 1

      > Percent farmland to convert to biofuel: 10,555 sq. mi. / 1,440,774 sq. mi. = 0.73%

      > Value of 20,000 gallons of biofuel at $50/barrel: 20,000 gallons = 476 barrels * $50/barrel = $23,000

      And you don't see the problem here? If it sounds too good to be true, it is almost never true.

      Really. Just trying to get a few percent of our fuel from biofuels is causing food shortages around the world and suddenly somebody is saying we could produce enough to convert the US to 100% biofuel on less than 1% of our farmland AND make the lucky few farmers who do it wealthy beyond the dreams of avarice?

      Uh huh. I'll be killing to get in line for this IPO. This is gonna be bigger than Netscape! Of course it just might be, the supply of suckers being what it is.

      --
      Democrat delenda est
    3. Re:Let's do the math... by AshtangiMan · · Score: 1

      The point you are missing is that this does not need to use farmland. It will actually work best in the deserts of SW US, like New Mexico, where there are large aquifers that contain brackish (non-potable) water. The process may even end up purifying some of the water through condensation in the clear bio reactors.

    4. Re:Let's do the math... by Rorschach1 · · Score: 2, Insightful

      Those numbers seem to ignore the cost of producing corn vs. oil. What the farmer's interested in is profit, not gross revenue. Still, assuming it costs $50/barrel to produce and sells for, say, $53/barrel, you're still at $1428 profit per acre.

      Or if OPEC opens the floodgates and drops the price to $35/barrel, you're out $7140/acre. But I suppose that's what the futures market is for.

    5. Re:Let's do the math... by labnet · · Score: 3, Informative

      gallons, acres, miles, bushels.. ye gods man, don't you know the rest of the world is metric.

      --
      46137
    6. Re:Let's do the math... by Anonymous Coward · · Score: 0

      Comparing corn crop to biofuel is not really that valid - one of the tenets of a "good" biofuel is to minimize/eliminate the effect on the food supply (hence avoiding a massive rush of farmers converting all their $773/acre corn crops to $23K/acre biofuel production,and driving up the price of corn into the 23K/acre range).

    7. Re:Let's do the math... by rayharris · · Score: 1

      Yeah, but it all boils down to dollars...

      --
      I void warranties.
    8. Re:Let's do the math... by rayharris · · Score: 1

      I was using corn as an example, since there's lots of farm land. There are lots of ways to make money off of one acre of land. Open a big box retail store and you'll make more than $23,000 per year. But, open too many of them and at some point, some of them will go out of business.

      Here's why (assuming the 20,000 gal/yr pans out) I don't think more than 1% of land would be converted:
      - Startup costs would be too high.
      - Increased supply would drive prices down until weaker businesses go out of business.

      If 1% converts, the price of some crops will go up. This could be an incentive for others to grow and sell that crop (maybe they don't have the startup capital to get into biofuel) and the price would eventually come back down.

      Only time will tell.

      --
      I void warranties.
    9. Re:Let's do the math... by Anonymous Coward · · Score: 0

      I have seen a number of biofuel papers that show that the land needed to produce corn based ethanol just for gasoline and diesel replacement requires 15% more farmland than the entire land mass of the US. Besides, I live in Texas - we have enough desert to support this and a huge lake in the middle of the state might slow down illegal immigration. Who needs a crappy fence when you have shark infested algae ponds !

    10. Re:Let's do the math... by Dravik · · Score: 1

      They don't use corn in this biofuel process. He is arguing that it will be more lucrative to build one of these biofuel plants on land that is currently used to grow corn than to continue growing corn.

      --
      The purpose of language is communication, If the idea is clear the grammar ain't important
    11. Re:Let's do the math... by Dravik · · Score: 1

      He is arguing that, because it is more profitable; 1) land currently used to grow corn will be re-purposed by building these biofuel plants and 2) that there is plenty of land available to build them on.

      --
      The purpose of language is communication, If the idea is clear the grammar ain't important
    12. Re:Let's do the math... by rayharris · · Score: 1

      In the last sentence I said "depending on the cost of conversion and cost versus revenue".

      I probably should have said "Revenue from" biofuel and corn instead of "Value of", though.

      --
      I void warranties.
    13. Re:Let's do the math... by TubeSteak · · Score: 1

      1 gallon of biofuel will get you the same mileage as 1 gallon of gasoline

      As far as mileage goes:
      (1 gallon of biodiesel ~= 1 gallon of petrodiesel) > 1 gallon of gasoline
      1 gallon of ethanol 1 gallon of gasoline

      Nitpicks:
      1. Ethanol has a much higher octane rating than gasoline, meaning you can run smaller engines at much higher compression ratios to offset the significantly lower energy content.
      2. Diesel only has slightly more (less?) energy than gasoline, but the higher compression ratios give it a significant mpg advantage.

      In other words, not all biofuels are created equal, but done right you'll get better mileage than gasoline.

      --
      [Fuck Beta]
      o0t!
    14. Re:Let's do the math... by Anonymous Coward · · Score: 0

      Comparative area: Massachusetts is 10,555 sq.mi.

      Yeah, but you weren't really using Massachusetts, were you?

    15. Re:Let's do the math... by evil_breeds · · Score: 1

      This kind of post is exactly why I come to slashdot. Well done.

      --
      "Things should be made as simple as possible, but no simpler" - Einstein
    16. Re:Let's do the math... by hawkfish · · Score: 1

      Yeah, but it all boils down to dollars...

      Does that make the Euro the metric Dollar?!

      --
      You will not drink with us, but you would taste our steel? - Walter Matthau, The Pirates
  36. How to tell an algae oil scam by Baldrson · · Score: 1

    When reading their press releases, look not for the number of gallons of oil per acre, but for the gallons of oil per dollar invested in the photobioreactor (or pond). If they give you the former and not the latter, they're probably scamming.

  37. an organism as specialized as would be by alizard · · Score: 1

    needed to make this work will be hard enough to keep alive even within the protection of the systems built to grow them and in the wild, have the same kind of survival prospects Bambi would have in a country full of Godzillas.

    If the description is accurate, the project is intended to harvest money from investors, not biofuel from solar energy.

    No need for hysterical panic unless you're one of the small investors whose money is actually involved.

    1. Re:an organism as specialized as would be by gestalt_n_pepper · · Score: 1

      I understand. The fear I have is that pressure for profits would eventually force the developers to make more robust and lower maintenance organisms, with long-lived continuous hydrocarbon production.
      .
      And wouldn't the easiest way to do that would be to start with a robust organism in the first place? Why re-invent the wheel? Find the toughest cyanobacteria you can and *then* start hacking for hydrocarbon production. That's what I would do.

      --
      Please do not read this sig. Thank you.
    2. Re:an organism as specialized as would be by Dravik · · Score: 1

      There is always a trade off in capabilities. A microbe engineered to be very efficient at producing hydrocarbons will not be in danger of contaminating the biosphere. There is a reason that naturally occurring microbes max out at a certain efficiency level. The trade off beyond that point make them unable to compete. The people trying to make this stuff are going to have a hard time keeping natural microbes from contaminating their reactors and killing off the special made ones.

      --
      The purpose of language is communication, If the idea is clear the grammar ain't important
  38. Six Big Oil firms... behind a small start-up by openfrog · · Score: 1

    6 Big Oil firms heavily invested in this? Far from seeing it as a sign that this is not snake oil, I suspect 6 Big Oil firms standing behind the guise of a start-up asking for public money. Perhaps they don't even need the money but they mind not letting this money going into the development of viable alternatives. And if there is an alternative for oil, Big Oil would be the last I would trust into its development.

  39. And you don't think... by copponex · · Score: 2, Insightful

    And you don't think part of investing in your own future is buying and destroying any competing technology? Plus, you're ignoring the reality that every business on earth can only operate because sustainability is not a requirement for existence. Essentially, the cost for bringing the earth a little closer to disaster is zero, since the unborn generations to come have no vote in a market system tuned entirely for short term vision.

    I do not believe in secret meetings where evil businessmen plot to destroy the earth. But I do know that they have been convicted of abusing newcomers to any business through price fixing, buying up patents and burying them, and other "business practices" that are the antithesis of true market economics.

    In order for technology to evolve and improve, the dinosaurs must die. But while the dinosaurs are the most profitable businesses in the world, and have several countries entirely dependent on them for their existence, they will die a slow death without some sensible economic reforms. And while they are dying, everyone is suffering for it.

    1. Re:And you don't think... by maxume · · Score: 1

      The U.S. government makes more in taxes on each gallon of gasoline than any of the oil companies do.

      --
      Nerd rage is the funniest rage.
    2. Re:And you don't think... by Dravik · · Score: 1

      If they are the most profitable businesses in the world then they aren't dinosaurs. GM is a business dinosaur.

      --
      The purpose of language is communication, If the idea is clear the grammar ain't important
    3. Re:And you don't think... by copponex · · Score: 2, Interesting

      If they are the most profitable businesses in the world then they aren't dinosaurs.

      By that logic you would have no problem with Steve Jobs owning 60% of the wealth of the country. I mean, if he's rich, he's obviously doing something correctly. There's no way he's corrupt or engaging in anti-competitive business practices. His profit margin proves his innocence!

      What a brilliant idea!

    4. Re:And you don't think... by Deosyne · · Score: 1

      Wow, epic logic fail. Well, unless "aren't dinosaurs" somehow translates into, "I am a wholehearted supporter of this and believe that it is both legally and morally above reproach," in your native language, in which case you might want to find a translator who can also translate the proper context of English for you.

    5. Re:And you don't think... by Carnildo · · Score: 1

      And you don't think part of investing in your own future is buying and destroying any competing technology?

      Not when buying and operating the competing technology is more profitable. If Big Oil can turn an acre of land anywhere in the world into a $50/bbl oil-production facility, they've got the oil-producing countries over a, well, barrel.

      Being able to produce their own oil gives the oil companies all sorts of benefits. They no longer need to explore for new oil reserves, they can tell OPEC to suck on it if negotiations aren't going well, they don't need to worry about Venezuela nationalizing the oil industry, and so on.

      --
      "They redundantly repeated themselves over and over again incessantly without end ad infinitum" -- ibid.
    6. Re:And you don't think... by copponex · · Score: 1

      Hey you fucking wanker. Nice contribution to the conversation, you big arsed twat. How's that for a little English?

      On a more serious note, you'll notice the poster said "If they are the most profitable business.. then they aren't dinosaurs." This is a fairly simple logical construction, which was also flatly a non-corollary. In fact, huge profits are a warning sign that something is probably amiss, since a healthy, competitive market tends to drive prices and margins down and not up, using that magic phrase that makes economics somewhat futile, "all else being equal."

      I'll give you time to look up what those words mean, and then you can get back to me, okay?

      You're a diamond.

  40. Loony units by John+Hasler · · Score: 1

    > 5kwh per m^2 per day

    That's 208 watts/m^2. Say so.

    --
    Warning: this article may contain humor, sarcasm, parody, and perhaps even irony. Read at your own risk.
    1. Re:Loony units by maxume · · Score: 1

      It isn't that loony, the amount of energy that can be gathered in a day varies with latitude, season and weather, stating the average energy that can be utilized at a location is a lot more interesting than stating some instantaneous power figure for a sunny day during the summer.

      --
      Nerd rage is the funniest rage.
  41. Frankenfuels! by John+Hasler · · Score: 2, Funny

    > Yes, your fuel may soon come from a genetically engineered non-algal microbe.

    They'll be banned in Europe. Ain't natural.

    --
    Warning: this article may contain humor, sarcasm, parody, and perhaps even irony. Read at your own risk.
  42. Algae? Feh. Try Chicken Fat by DynaSoar · · Score: 1

    Recycling is wonderful. This is a rejected submission from 2 years ago:

    According to Flight Global: "The US Air Force intends to certificate its entire aircraft fleet to run on synthetic jet-fuel blend by 2011, and began on 8 August when the Boeing B-52H became the first to be approved. The eight-engined bomber finished testing earlier this year with fuel produced from natural gas using the Fischer-Tropsch (F-T) process. "Each time the price of fuel goes up $10 a barrel, it costs the USAF $600 million", says air force secretary Michael Wynne. "It causes angst to know that we're faced with a commodity that some might use against us," he says, pointing to the potential of F-T to convert domestic coal and natural gas to jet fuel." The snag in a complete switch-over could be building a plant with the capacity needed for the USAF's needs. It would cost US$1 billion. However, Syntroleum and Tyson Foods have teamed up and claim they could build the plant for only US$100 million, using a simpler, cheaper and cleaner process than the F-T, starting with a major product of Tyson's: chicken fat. If this comes about, there may even be a chicken-burning car in your future."

    --
    "I may be synthetic, but I'm not stupid." -- Bishop 341-B
  43. What is this "Metric" you speak of? by gfolkert · · Score: 1

    Huh? Please 'splain to us dumb 'Muricans

    --
    greg, REMEMBER ED CURRY!!!
  44. Really. Go back to school. by Gary+W.+Longsine · · Score: 1

    Your rule of thumb is broken. Convert the same square mile of farmland to some other use, such as building automobile manufacturing plants in the 70s or 80s, and you get a rate of return that dwarfs what you dismiss as "too good to be true".

    --
    If you mod me down, I shall become more powerful than you could possibly imagine.
  45. Solar energy by TheLink · · Score: 1

    These sort of biofuels are basically solar energy.

    So I'm curious to how these compare to "Solar Thermal Energy" in terms of cost per kWh.

    Assuming about 34 megajoules per litre of biofuel, and thus about 289 MJ per gallon, Google[1] gives me:

    ((289 megajoules * 20000) per acre) per year = 45.2600835 watts per (square meter).

    So it's pumping out on average about 90 watts per square meter on average during the day (ignoring night time).

    Assuming the average insolation to produce the 90 watts was 300 watts per square meter, that means about 30% efficiency in conversion. Not bad if the assumptions and calculations are correct.

    Just wonder how much that biofuel's infrastructure costs to build, and costs to maintain. And how efficient they are in use of land area once you add in the necessary support infrastructure.

    Solar thermal reflectors cost $$$ too (build, repair, cleaning etc). But I believe the systems involved are not so complicated, have fewer dependencies, so they should be cheaper.

    Now the other difference is the main end product of this is a liquid biofuel. Whereas the main end product of solar thermal energy is electricity.

    If this energy is going to be used for cars, the efficiency drops even more for biofuels - higher losses due to fuel distribution, fuel cell conversion, or combustion engines. Electricity distribution loss is about 7% and both batteries and electric motors have quite low losses in comparison.

    [1] http://www.google.com/search?hl=en&safe=off&num=100&q=((289+megajoules+*++20000+per+acre)+per+year+)+in+watts+per+square+metre&btnG=Search&meta=

    --
  46. Re:Really. Go back to school. by Jedi+Alec · · Score: 1

    Your rule of thumb is broken. Convert the same square mile of farmland to some other use, such as building automobile manufacturing plants in the 70s or 80s, and you get a rate of return that dwarfs what you dismiss as "too good to be true".

    Ok, first, imagine an infinite amount of demand for American cars...

    --

    People replying to my sig annoy me. That's why I change it all the time.
  47. You can't own property, man! by Anonymous Coward · · Score: 0

    Oil is free because it came from the Sun? You can't own the mineral rights? Society in general disagrees with you. And has so for hundreds of years. If you want to start a hippie commune then go for it, more power to you. But you will have to live adjunct to this society, a society that includes both America and Saudi Arabia.

    Adjunct meaning that you would be separate in terms of what you believe to be rights and what the greater society believes to be rights. But you could still coexist and interact and be some what part of that society. I'm not proposing your hippie commune become completely separate from the ready of the world, it would be arrogant to presume so, although you could go that route if you really wanted to do so.

    If you hold a position where you so strongly disagree with society I don't see much choice other than to insulate yourself from the estranged society, or attempt to convert it to your way of thinking. But expect a lot of resistance if your purpose is to convert. Especially if your technique just involves asserting that some right exists that are not generally recognized. You don't have to give up your ideals, just don't be surprised when people who you find otherwise rational just roll your eyes when you hop up on your soapbox.

  48. Bio fuel - crock of crap. by TractorBarry · · Score: 1

    "Bio fuel" is the stupidest idea I've heard in a long time. Utterly retarded. Crops should be grown for food not to power bloody cars.

    We should be directing as much of our efforts as possible into tapping solar power. Imagine every roof in the world with an efficient solar panel on top. With some sort of shared storage capacity we'd have practically limitless, practically free, clean power for all for as long as good old Sol shines.

    Oh but wait a minute, then there's nobody making a huge profit off everybody's energy use and, more importantly, they're not in control of your power requirements. Silly me. It'll never happen.

    --
    Sky subscribers are morons. They pay to be advertised at !
  49. Just as lyml is by Anonymous Coward · · Score: 0

    They're saying your figures are stupid because they are an insignificant section of the area available.

    Hence, no problem.

  50. Ethanol works and is already mature by fmoliveira · · Score: 1

    All new cars made here in Brazil already run in both gasoline and ethanol that is totally clean. All our gas stations sell ethanol. Biodiesel is just a way americans found to deny they are behind in green fuels and avoid using not invented there technology. Ethanol is widely used for decades here, the cars are mostly made by GM, Ford, Fiat and VW, not some strange brazilian company like you may be thinking. This biodiesel is a pointless bullshit, pushed just to protect a market that wouldn't be able to compete with our ethanol.

  51. Bogus "Nearest competitor" statement. by Anonymous Coward · · Score: 0

    I always find it interesting when companies use broad sweeping comments like this one "Algae-based biofuels come closest to Joule's technology, with potential yields of 2,000 to 6,000 gallons per acre..." They conveniently ignore competing companies like http://www.petroalgae.com/ who can generate 14,000 gallons per acre which would be the nearest algae competitor. If you combine Petroalgae's low cost growing system with the drying tech from Algae Venture Systems (http://www.algaevs.com/) you could be running an energy return as high as 180% (EG: If it took 10Kwh to produce you could generate 18Kwh with the oil.) and since the operation generates a high protein mash for animal feed stock that would pay the operating costs it could compete with foreign oil at nearly any price much less the stated $800/barrel. Their external data would appear to be at least two years old as PetroAlgae hit the blogs in 2007/2008 and Algae Ventures was public last year.

    The Joule Biotech process' two primary advantages over their system would appear to be that it produces ethanol without the need for additional refinement and that it can produce fresh water as well. However it also looks like it would have a massively higher start-up and maintenance cost as their bioreactors look complicated. I'll be interested to see the results of the pilot though. Combine the three processes and you have fuel, water and feed. Algae really is the future...