GSPI: Algae, The Misunderstood Answer To Our Fuel And Global Warming Problems
July 19 2007 - 10:38AM
Business Wire
Green Star Products, Inc. (OTC:GSPI) President, Joseph LaStella,
stated �Today we are closer than ever before solving our energy and
global warming issues. The solution is �ALGAE�, one of the oldest
forms of life on Earth.� Algae-to-biofuels is quickly becoming a
hot item. Unfortunately, like many new technology trends nonsense
prevails and uninformed investors follow the yellow brick road.
However, there is reality emerging. Mr. LaStella further stated,
�Green Star Products is emerging as a company that teaches its
technology through its press releases rather than promotions.� Mr.
LaStella also stated, �Every day I get emails and phone calls
questioning the viability of this newly discovered answer (algae)
to Global Warming and the Energy Crisis. The truth is, that without
algae, life on Earth as we know it would not exist. Almost three
billion years ago our planet was a hostile place with excess N2,
CO2 and toxic gases in the atmosphere until algae in the oceans
began to transform CO2 through photosynthesis into oxygen (O2)
making the air breathable. Then sunlight split some of the oxygen
molecules to recombine into ozone (O3) and created the Ozone Layer,
which protected the Earth�s surface from the devastating UV rays
from the sun. Therefore, without algae we would not be here today.�
Today we are calling on algae again to save our planet. It is worth
repeating the five major factors that favor algae. These are as
follows: 1) Algae produce 100 times more oil per acre than
traditional food oilseed crops (i.e. corn, soy, etc.). 2) Algae eat
CO2, the major Global Warming Gas, and produce oxygen. 3) Algae
require only sunshine and non-drinkable (salt or brackish) water.
4) Algae do not compete with food crops for either agricultural
land or fresh water. 5) Algae can reproduce themselves and their
oil every 6 hours, while it takes Mother Nature millions of years
to produce crude oil in the ground. Our civilization must learn
quickly to wean itself off crude oil or it will not survive. If you
think this statement is not true then let�s talk about engineering
and scientific facts and not about political rhetoric. You should
consider the following facts: 1) The three existing mega oil fields
of the world (one in Mexico and two in Arab countries) are all
exhibiting steep declines in production. 2) The oil industry finds
only one new barrel of oil for every six barrels we burn. 3) The
U.S. consumes 25% of all the oil produced in the world each day. 4)
The United States has drilled more oil wells than the rest of the
World combined yet only possesses 2% of the known oil reserves. 5)
The U.N Secretary General Kofi Annan recently stated at the 2006
U.N. Climate Change Conference �Climate change is not just an
environmental issue, as too many people still believe. It is an
all-encompassing threat.� Mr. Annan went on to say �This is not
science fiction. These are plausible scenarios, based on clear and
rigorous scientific modeling. A few diehard skeptics continue to
deny global warming is taking place and try to sow doubt. They
should be seen for what they are: out of step, out of arguments and
out of time.� The above factors present an energy picture that is
not sustainable even in the short-term, and it�s getting worst each
day. Algae-to-biodiesel can really make a substantial contribution
to energy independence and can provide the U.S. with more fuel than
soy oil, canola oil or corn oil combined. Algae oil can provide
fuel without increasing food prices and algae meal could reduce
animal feed prices or possibly even general food prices. In New
Mexico alone, the U.S. Department of Energy (US DOE) estimates that
there are 5 billion acre-feet of salt water under the uninhabitable
desert sands, which are good for little except growing algae. Green
Star Products, along with its Consortium partners, believes it has
a decisive lead in the algae-to-biofuels race because it already
possesses industrial biodiesel technology and has a technology lead
in the production of algae (see press releases dated May 11 and
July 9, 2007 for details). Mr. LaStella summarizes that investors
should not invest in any alternative energy company without
professional advise and research. Remember the Dot Com catastrophes
of the 1990s? Do your homework before you leap. GSPI urges everyone
who is interested in Global Warming and the Peak Oil Crisis to view
the two-minute video
(http://video.google.com/googleplayer.swf?docId=595872956429027619&hl=
en)* and listen to the interview
(http://www.wallst.net/audio/audio.asp?ticker=GSPI&id=3382).
Also see GSPI press releases dated May 18 and May 11, 2007. You can
find these links, press releases and more information about algae
biodiesel at GreenStarUSA.com *(Due to its length, this URL may
need to be copied/pasted into your Internet browser's address
field. Remove the extra space if one exists.) Green Star Products,
Inc. (OTC:GSPI) (OTC:GSPI.PK) is an environmentally friendly
company dedicated to creating innovative cost-effective products to
improve the quality of life and clean up the environment. Green
Star Products and its Consortium are involved in the production of
renewable clean-burning biodiesel and other products, including
lubricants, additives and devices that reduce emissions and improve
fuel economy in vehicles, machinery and power plants. For more
information, see Green Star Products' Web site at
http://www.GreenStarUSA.com, or call Investor Relations at
619-864-4010, or fax 619-789-4743, or email info@GreenStarUSA.com.
Information about trading prices and volume can be obtained at
several Internet sites, including http://www.pinksheets.com,
http://www.bloomberg.com and http://www.bigcharts.com under the
ticker symbol "GSPI". Forward-looking statements in the release are
made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned
that such forward-looking statements involve risks and
uncertainties, including without limitation, continued acceptance
of the company's products, increased levels of competition for the
company, new products and technological changes, the company's
dependence on third-party suppliers, and other risks detailed from
time to time in the company's periodic filings with the Securities
and Exchange Commission. NOTE TO EDITORS: In N2, CO2, (O2), and
(O3) mentioned above, the numerals 2 and 3 should be subscripts.
These symbols may not appear properly in some systems.
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