Primus Energy proves Critics wrong about Renewable Energy and Gasoline

IC Green Energy recently invested over twelve million dollars in to Primus Energy for its bid to revolutionize the gasoline industry with renewable energy. In Hillsborough, New Jersey, Primus Energy has a test plant currently producing biofuel, with a conversion process at twenty five percent efficiency, nearly twice that of the leading rival biofuel company. Before breaking the ground of their first commercial plant in 2013, their goal is to raise that efficiency to 33%. The company is entering discussions for an IPO, should the need arise, causing a great deal of anticipation in prospective investors.

With a company expecting to have widely produced biofuel as early as 2014, it comes as a bit of a surprise when critics of Obama’s renewable energy policies tout claims that renewable energy will not be viable for the foreseeable future, such as retired Westinghouse engineer Samuel Cerni. Repeating popular Republican rhetoric, Mr. Cerni claims in a letter to the Pittsburgh Post-Gazette that local oil drilling would lower price speculation, and thus the price of gas.

Supposing this is true, what Samuel Cerni doesn’t mention is that oil and gasoline will only dip in prices long enough for the oil reserves to deplete until the prices are risen yet again. This is aside from the fact that every year, gas prices are higher than the year before, yet gasoline companies report ever increasing profits every year.

Companies like Primus Green Energy are the way of the future, and investing companies needs to keep embracing them, allowing them to replace the existing market addicted to an ever depleting resource.

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