As Pentagon Invests In Green Fuel, Critics Focus On The Cost -- L.A. Times
On a recent Navy voyage, alternative fuel cost $26 a gallon, and millions are being invested in bioenergy firms. Some experts worry there won't be sufficient benefits.
WASHINGTON — When the U.S. Navy sailed an imposing fleet near Hawaii that was powered in part by algae and used cooking grease, environmentalists weren't the only ones who were thrilled.
Executives at bioenergy startups in the San Francisco Bay Area, Chicago and elsewhere — and the venture capitalists backing them — had reason to cheer. The Obama administration has made the military, the largest consumer of energy in the country, a financial lifeline for cash-strapped alternative fuel innovators.
But the pilot voyage of the Navy's "great green fleet" came with a troubling aspect: price.
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My Comment: These "green technologies" were developed on the false assumption that traditional energy sources were becoming scarce. In fact .... as developments in fracking have shown .... recent innovations in extracting oil have resulted in an opposite outcome.
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