www.RenewableEnergyStocks.com, a arch broker account and analysis aperture for the renewable activity area aural Investorideas.com, announces new featured advertise aggregation OriginOil, Inc: (OTCBB: OOIL), an algae-to-oil technology company.
The company’s technology is an beat algae advance arrangement that can abound assorted layers of algae biomass around-the-clock with circadian harvests. According to the company, growing and agriculture algae on a top aggregate assembly base is the key advance that will acquiesce algae to attempt with petroleum.
The US Department of Energy, Energy Efficiency and Renewable Energy reports, “Algal biofuels are breeding ample absorption about the world. They may represent a acceptable alleyway for allowance to accommodated the U.S. biofuel assembly targets set by the Energy Independence and Security Act of 2007.” http://www1.eere.energy.gov/biomass/pdfs/algalbiofuels.pdf
Petroleum is a annihilative resource. Future sources of oil, the amount of bearing it and the amount consumers will accept to pay for it are acutely uncertain. According to a contempo address from the International Energy Agency, “there are growing fears the accompanying attempt in oil prices and a pullback in spending on analysis and assembly will aftereffect in addition massive activity amount spike.”
One anniversary earlier, Riggs Eckelberry, President & CEO of OriginOil, Inc. had fabricated the aforementioned case. In his presentation to California lawmakers, he noted, “Energy appeal is anchored and oil appeal will return. If oil investment is alone now, there will be new scarcity, active prices abundant higher.”
“Climate change and CO2 emissions are aswell active trends for renewable energy. These factors, as able-bodied as approaching oil shortages, accept created action in the algae sector, in animosity of the contempo abatement in oil prices”, Mr. Eckelberry went on to state.
“Current trends in activity accumulation and burning are clearly unsustainable – environmentally, economically and socially – they can and have to be altered”, said Nobuo Tanaka, Executive Director of the International Energy Agency. “Rising imports of oil and gas into OECD regions and developing Asia, calm with the growing absorption of assembly in a baby amount of countries, would access our susceptibility to accumulation disruptions and aciculate amount hikes. At the aforementioned time, greenhouse-gas emissions would be apprenticed up inexorably, putting the apple on clue for an closing all-around temperature access of up to 6°C.”
Company Showcase Profile page: http://www.investorideas.com/co/ooil/
About OriginOil, Inc: (OTCBB: OOIL)
OriginOil, Inc. is developing a advance technology that will transform algae, the a lot of able antecedent of renewable oil, into a accurate adversary to petroleum. Much of the world's oil and gas is fabricated up of age-old algae deposits. Today, our technology will aftermath "new oil" from algae, through a cost-effective, accelerated accomplishment process. This amaranthine accumulation of new oil can be acclimated for abounding articles such as diesel, gasoline, jet fuel, plastics and solvents after the all-around abating accoutrement of petroleum. Other oil bearing feedstock such as blah and sugarcane generally abort basic farmlands and rainforests, agitate all-around aliment food and actualize new ecology problems. Our different technology, based on algae, is targeted at fundamentally alteration our antecedent of oil after abolition the ambiance or aliment supplies. www.originoil.com.
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Source: RenewableEnergyStocks.com, OriginOil, Inc: (OTCBB: OOIL)
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