Like an old matchmaker, the SkunK has been giving some thought as to who might be a financial suitor in GreenShift's future. I have no word on any tie between Greenshift and Shell Oil, however with all the talk in the recent Shareholder Letter of being like an oil company:
"Our business model is therefore more comparable to oil and gas than it is to
standard biofuels models since we own our own wellheads and we have hedged our refining margins."
And then you read in the article below that an oil company is like a biofuel company:
Shell said biofuels fitted its core business of providing fuels, logistics, trading and branding. Cook added: "It's now looking like biofuels is one which is closest to what we do in Shell.
Well all this got the SkunK a-thinking. Maybe Shell - Or maybe another deep pocket Oil Company will be our long range financial partner . . . In any case Shell is sending a Dear John letter to all the alternative energy crowd - except for our sweet biofuels . . .
********
Shell dumps wind, solar and hydro power in favour of biofuels
guardian.co.uk
Tuesday 17 March 2009 19.04 GMT
Shell will no longer invest in renewable technologies such as wind, solar and hydro power because they are not economic, the Anglo-Dutch oil company said today. It plans to invest more in biofuels which environmental groups blame for driving up food prices and deforestation .
Executives at its annual strategy presentation said Shell, already the world's largest buyer and blender of crop-based biofuels, would also invest an unspecified amount in developing a new generation of biofuels which do not use food-based crops and are less harmful to the environment.
The company said it would concentrate on developing other cleaner ways of using fossil fuels, such as carbon capture and sequestration (CCS) technology. It hoped to use CCS to reduce emissions from Shell's controversial and energy-intensive oil sands projects in northern Canada.
See Entire Article here:
http://www.guardian.co.uk/business/2009/mar/17/royaldutchshell-energy
SkunK
"Our business model is therefore more comparable to oil and gas than it is to
standard biofuels models since we own our own wellheads and we have hedged our refining margins."
And then you read in the article below that an oil company is like a biofuel company:
Shell said biofuels fitted its core business of providing fuels, logistics, trading and branding. Cook added: "It's now looking like biofuels is one which is closest to what we do in Shell.
Well all this got the SkunK a-thinking. Maybe Shell - Or maybe another deep pocket Oil Company will be our long range financial partner . . . In any case Shell is sending a Dear John letter to all the alternative energy crowd - except for our sweet biofuels . . .
********
Shell dumps wind, solar and hydro power in favour of biofuels
guardian.co.uk
Tuesday 17 March 2009 19.04 GMT
Shell will no longer invest in renewable technologies such as wind, solar and hydro power because they are not economic, the Anglo-Dutch oil company said today. It plans to invest more in biofuels which environmental groups blame for driving up food prices and deforestation .
Executives at its annual strategy presentation said Shell, already the world's largest buyer and blender of crop-based biofuels, would also invest an unspecified amount in developing a new generation of biofuels which do not use food-based crops and are less harmful to the environment.
The company said it would concentrate on developing other cleaner ways of using fossil fuels, such as carbon capture and sequestration (CCS) technology. It hoped to use CCS to reduce emissions from Shell's controversial and energy-intensive oil sands projects in northern Canada.
See Entire Article here:
http://www.guardian.co.uk/business/2009/mar/17/royaldutchshell-energy
SkunK
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