Whats Jimmy Carter Got To Do With Algae Bio-Diesel?
“Greensters” (green oldsters) won’t forget the gas station waiting lines that were routine under the US Presidential Administration of Jimmy Carter. On the plus side, the inconvenience alone led to people buying more efficient vehicles. This, in turn, had a negative feedback loop: Japan, Inc. got to eat Detroit’s lunch with a dash of reliability & quality: efficiency was almost a side-dish by the time Motown car designers smelled the coffee. Turns out, Jimmy’s foresight had another plus side that, to this day, shows no sign of a negative feedback loop. Through a $25 million dollar biodiesel research program, his Administration set in motion the creation of an intellectual property bank that is a foundation of today’s booming algae-based biodiesel industry. The private sector payback – although many years delayed – is likely to be significant. Before we go on, I get a lick in. Free market Utopians are wrong. In the story that follows, algae biodiesel startup Solazyme shows us that gover
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