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Algae 2011 – What's In Store

From: Riggs Eckelberry
Los Angeles, January 7, 2011

From: Riggs Eckelberry
Los Angeles, January 7, 2011

Good Morning!

Just out, this week’s MoneyTV interview, where we discuss what’s in store for 2011.

We see two big trends: development of bio-based chemicals from algae, and the rise of the engineering service firms to build and operate those big algae systems.

Meanwhile, algae nutritionals continue to build up steam, especially after that big billion-dollar deal for Martek.

But what REALLY drives algae, petroleum’s competitor? Why, the price of petroleum itself.

Former president of Shell Oil John Hofmeister believes Americans could be paying $5 for a gallon a gas by 2012.

And for a while in December, we saw oil prices rise and rise before the latest selloff. Traders are “looking for increased demand, particularly from China” – and the recovering US economy will add pressure.

I don’t think we’re in for an oil shock just yet. But I do think we are being “boiled slowly”. After all, $3.50 a gallon for regular gas isn’t unusual in LA.

I’ll come back to this topic in future weeks, because it will have an enormous leverage effect on investment in our industry.

Meanwhile, I trust you’re off to a great start for the year. We’ve got lots cooking – stay tuned!

Riggs and team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

Remember to link with me on Twitter (riggseck), and OriginOil too

Safe Harbor Statement:

Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

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