Biofuels Industry: Achieved Goal of Algae Oil by Labor Day

[D H]

Another incidental: At $1.80 a gallon, "drill here drill now" won't happen. It isn't cost effective, which is the real reason why we haven't drilled here already.

It also isn't helping with the alternative fuel crowd, either. Alternative fuels were just beginning to become competitive with oil when oil was $4.00 a gallon and climbing.

 

[Ivan Seeking]

Yes, I have always used $3 per gallon as the magic number for alternative fuels. That is also about the price at which soybean and canola derived biodiesel is competitive.

 

[glondor]

Sorry to hear about the setbacks. There will be a viable market for the fuel one day soon. Oil prices will not remain low for long. Money will flow.

 

[Ivan Seeking]

Just got word that my best hope for a big-league investor filed chapter 7. My business associate is out over $370K.