Replies to post #3926 on Bluefire Renewables, Inc. (fka BFRE)

[richbob]

Here is how I understand things, based on what has been reported so far, and a little feedback from company personnel:

Nothing will happen until the funding is 100% in place. This will either require a change of mind by the DOE, or if they don't, then another source for the remaining 30 million( approximately) will have to be secured. My guess is, if it comes to that, there could possibly be a revision in the present deals with the two Chinese companies to provide this, although I do NOT have any insight into this possibility.( purely speculation on my part).

I still believe the DOE will, in the end, come through, since they know now the importance of their grant as it relates to future cooperation between the US and Chinese companies. If things work out successfully, as I fully expect they will, this can also help minimize unfavorable memories of earlier DOE failures funding renewable energy ventures.