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Sunday, 02/27/2011 3:56:43 PM

Sunday, February 27, 2011 3:56:43 PM

Post# of 10204
OOIL HUGE MENTION in Market Watch

It does not get anybetter than this folks

Feb. 25, 2011, 4:59 p.m. EST

Energy players weigh effects of $100 oil
Analysts, investors, energy firms brace for long Middle East turmoil

http://www.marketwatch.com/story/energy-players-weigh-effects-of-100-oil-2011-02-25?siteid=yhoof



Riggs Eckelberry, chief executive officer of OriginOil a specialist in using algae to make biofuel and absorb carbon dioxide emissions, said he’s been expecting a rise in crude prices.

Eckelberry said OriginOil’s partner in Australia, MBD Energy, has drawn strong interest from investors in an algae facility planned near a power plant in Queensland.

“They’re doing a phenomenal job of raising money in a very conservative region,” he said. “That’s a big indicator” that oil prices are helping alternative forms of energy, he said. “This is a tipping point, there’s no doubt about it,” he said.


Steve Gelsi is a reporter for MarketWatch in New York.


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