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Watch Paul Reep on MoneyTV

From: Riggs Eckelberry
Los Angeles, March 21, 2011

From: Riggs Eckelberry
Los Angeles, March 21, 2011

Good morning!

Paul Reep Appears on MoneyTV

On Friday, the MoneyTV show featured our new Senior VP of Technology, Paul Reep.
(You can catch the broadcast here.)

On the show, Paul discussed his education in both Petroleum Engineering and Business Administration, and his twenty years in managerial positions at the Department of Energy, in both nuclear and renewable energy. It was the twenty-year DOE Aquatic Species Program that first awakened Paul’s interest in commercializing algae.

Our own interest in bringing Paul into OriginOil dates back more than two years ago, and we’ve been waiting for him to complete his assignment at the USC Stevens Institute for Innovation, where he juggled up to two hundred technology licensing cases at a time!

Universities these days are serious about commercializing their inventions, and Paul’s skill set is very much what OriginOil needs. Paul is very, very welcome aboard.

 

Algae and Nuclear Developments

Given Paul’s background in nuclear energy, the discussion naturally turned to the ongoing nuclear emergency in Japan. In contrast to nuclear energy, algae is not only safe, it is already everywhere absorbing more than half of the CO2 being created in the world every day!

That’s very good news, because problems with nuclear energy will drive a boom in fossil fuels (and rising prices over time). Only algae can absorb all that CO2, while turning into a true alternative to petroleum and natural gas.

CO2 and Acid Rain

There’s been a long debate over climate change. Meanwhile, one thing is undeniable about CO2: it is acidifying our lakes and oceans (remember acid rain?). Fisheries and coral reefs are endangered. The destruction of whole ecosystems is too high a price to pay for using fossil fuels.

We’ll be covering more about this fascinating subject in coming MoneyTV shows, so stay tuned.

And here’s to a great week ahead!

Riggs and team

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

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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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