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Algae is the New New Thing

From: Riggs Eckelberry
Los Angeles, December 21, 2010

From: Riggs Eckelberry
Los Angeles, December 21, 2010

Good Morning!

With most of North America and Europe struggling under rain and snow, I hope that you are staying warm and safe.

Back in 2000, a book called The New New Thing told the early story of what became the dot-com revolution. The amazing transition from a Silicon Valley industry to a worldwide phenomenon was triggered between 1992 and 1994*.

Now it seems that Algae is the New New Thing. With even Al Gore renouncing corn ethanol, crop-based biofuels are on their way out… finally.

Meanwhile, as New York Times columnist Thomas L. Friedman pointed out Saturday in his landmark opinion piece, The U.S.S. Prius, the US military is embracing advanced biofuels unquestioningly:

“The Navy will use only “third generation” biofuels. That means no ethanol made from corn because it doesn’t have enough energy density. The Navy is only testing fuels like camelina and algae that do not compete with food, that have a total end-to-end carbon footprint cleaner than fossil fuels and that can be grown in ways that will ultimately be cheaper than fossil fuels.”

There’s no turning back: advanced biofuels (algae especially) will get the support – and subsidies – of the world.

And so, Happy Holidays to you and yours, and may 2011 may be the best year yet!

Riggs and team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

* Note: I commented on “The New New Thing” in my 2009 industry slideshow, this is 1992

Safe Harbor Statement:

Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

 
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