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FedEx Discussions
1.7 billion in cuts!
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<blockquote data-quote="vantexan" data-source="post: 1040547" data-attributes="member: 24302"><p>Did a little digging and found a Forbes article from May that said currently it takes more energy to produce a gallon of algae biofuel than the biofuel provides. That was the problem with corn based ethanol. Article said experts were expecting big improvements in production within 5 to 10 years. Estimates were for 61 million gallons a year to be produced by 2020. World gasoline use is currently 83 million gallons a day with 18 million of that in the U.S.. And all the Big Oil companies are investing in algae research. Exxon has made a $600 million dollar pledge to one company, the biggest investment so far. There's quite a bit online about this.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1040547, member: 24302"] Did a little digging and found a Forbes article from May that said currently it takes more energy to produce a gallon of algae biofuel than the biofuel provides. That was the problem with corn based ethanol. Article said experts were expecting big improvements in production within 5 to 10 years. Estimates were for 61 million gallons a year to be produced by 2020. World gasoline use is currently 83 million gallons a day with 18 million of that in the U.S.. And all the Big Oil companies are investing in algae research. Exxon has made a $600 million dollar pledge to one company, the biggest investment so far. There's quite a bit online about this. [/QUOTE]
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