DOE BIOMASS PROGRAM AND ALGAE RESEARCHERS ARE BEING INVESTIGATED BY IG's DEPT. Solydra story is opening a huge can of worms at the DOE GRANT AND LOAN GURANTEE LOAN PROGRAM. Its not just about the Solar loan guarantee program. Look at all the millions in fees collected by the DOE GRANT AND LOAN GUARANTEE PROGRAM with algae projects less than 20% completed. An audit needs to be done on all DOE Biomass Program Grants to algae researchers.
The US taxpayer has spent over $2.5 billion dollars over the last 50 years on algae research. To date, nothing has been commercialized by any algae researcher.
The REAL question is: Does the DOE BIOMASS PROGRAM really want the US off of foreign oil or do they want to continue funding more grants for algae research to keep algae researchers employed at universities for another 50 years?
In business, you are not given 50 years to research anything. The problem is in the Congressional Mandate that says the DOE can only use taxpayer monies on algae research, NOT algae production in the US. So far, algae research has not got the US off of foreign oil for the last 50 years!
A Concerned Taxpayer