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Im proposing a conspiracy theory here, but the basically all of the world's most profitable companies are involved in fossil fuel production. They definitely ha
by sunshineforever 5y ago
Im proposing a conspiracy theory here, but the basically all of the world's most profitable companies are involved in fossil fuel production. They definitely have an incentive to not want this technology to thrive and their leaders have a lot of influence and money.
The retort to this theory would be that a company with a lot of resources could simply invest in the new technology.
But with the level of lazy corruption in the world it seems possible that these entities might be suppressing the technology somehow.
- ForHackernews 5y agoIt doesn't take a huge amount in the way of active suppression: hire a some of the brightest industrial chemists and pay them well to work on your stuff instead of untested, unprofitable algae technology. Other smart people will similarly work on financial derivatives or cost-per-click optimisation instead of money-losing algae. It's not a conspiracy, it's just capitalism chasing returns.
- sideshowb 5y agoOn the other hand if one of them cracks algae fuel production they get to make an awful lot of future money off all their existing fuel distribution infrastructure. Iirc several of the big oil companies were at least experimenting with it 10 years ago.