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Thanks for the info, but your link is Huffington post, which is not the best of sources. If the boast by BP to contain 162,000 barrels a day is true, it looks like BP overstated a bit eh?
Thanks for the info, but your link is Huffington post, which is not the best of sources. If the boast by BP to contain 162,000 barrels a day is true, it looks like BP overstated a bit eh?
I heard the man on NPR talking about capping the leak 5 thousand feet down. Obama will be criticised for not volunteering to do that himself. See ? Obama isn't even willing to fix what he personally started.
It's all still in the research stage, but yield estimates are for more like 20,000 gallons per acre. The algae also can grow on very marginal lands.
There is no algae farm that I am aware of that is producing 20,000 gallons per acre, that is three times what I have seen. They may be scientists presenting 20,000 as a theoretical prediction. You will need to cite where you get this from.
As to poor land quality, they can grow algae in open water ponds in the desert, but they need to address the rate of evaporation, which makes open water farms unsustainable. They do have algae enclosures, which prevent evaporation, but they are smaller scale and more costly.
Pardon me while I laugh. The one thing we've hopefully learned from the Wall Street meltdown is that the market does not provide sufficient incentives. We need regulation with teeth and enforcement.
The Wall Street meltdown taught us if the federal government says they have your back and will bail you out, then the free market reins for taking risk are gone. BP will not be bailed out, BP will lose shares, reputation and lots and lots of money. BP is not Fannie Mae and Freddy Mac.
The Wall Street meltdown taught us if the federal government says they have your back and will bail you out, then the free market reins for taking risk are gone.
What pre-existing regulation or anything else for that matter state that the Federal government had Goldman Sachs, AIG, or any other Wall St firm's back?
There is no algae farm that I am aware of that is producing 20,000 gallons per acre, that is three times what I have seen. They may be scientists presenting 20,000 as a theoretical prediction. You will need to cite where you get this from.
As to poor land quality, they can grow algae in open water ponds in the desert, but they need to address the rate of evaporation, which makes open water farms unsustainable. They do have algae enclosures, which prevent evaporation, but they are smaller scale and more costly.
As I said, "It's all still in the research stage" They can also grow algae in brackish water, which is more important than desert land.
I heard the man on NPR talking about capping the leak 5 thousand feet down. Obama will be criticised for not volunteering to do that himself. See ? Obama isn't even willing to fix what he personally started.[/quote]
This could have all been avoided with an acoustic switch. Of course, BP did not have on this rig, because it is too expensive for them. How expensive will this cleanup be?
The Wall Street meltdown taught us if the federal government says they have your back and will bail you out, then the free market reins for taking risk are gone. BP will not be bailed out, BP will lose shares, reputation and lots and lots of money. BP is not Fannie Mae and Freddy Mac.
Shearson Lehman Brothers? BP is already being bailed out. Who do you think is directing the cleanup of their mess. I would predict that nobody goes to jail, yet 11 people died from their neglect.
The problem wasn't the bailout on Wall Street, the problem was over-the-counter derivatives traded without regulatory oversight.
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