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Brown-Washing with Algae?

From: Riggs Eckelberry
Los Angeles, February 11, 2011

From: Riggs Eckelberry
Los Angeles, February 11, 2011

In this week’s MoneyTV interview: Four-dollar gasoline is starting to appear.

Supply Can’t Meet Demand

There are (private) doubts that oil production can meet the world’s demand of 110 million barrels a day by 2015. I predicted this back in 2008 on Fox Business News! (video, scroll to the bottom)

The industry agrees.

What is bad for our wallets is good for our industry.

Algae and Brown-Washing

As fossil fuels continue to get more expensive, they will invest in… brown-washing. That’s the practice of saying a fossil fuel can be green.

President Obama did this in his 2011 State of the Union address, when he classified ‘clean coal’ as a clean energy source.

Algae is a fierce CO2 absorber, so it really can help reduce emissions. And the more polluters spend on algae, the stronger the industry gets that will overtake it someday.

By brown-washing with algae, coal and petroleum interests are literally eating their own tail. But that’s OK, because they are investing in algae, too. (See the latest ExxonMobil Algae Update.)

It’s brown-washing. And it’s good!

Enjoy your weekend.

Riggs and team

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

Remember to link with me on Twitter (riggseck), and OriginOil too

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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