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Energy Recap: Kelp Is On The Way... Maybe

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By SA Editor Michelle Carini :

Welcome to the latest edition of the Energy Recap. Today we wanted to get your thoughts on a somewhat unlikely future source of biofuel - brown kelp macroalgae. Some believe that this unpleasant-smelling seaweed could one day provide a nearly unlimited supply of ethanol or biomethane.

Source: David Ginsburg/Wrigley Institute

Kelp can be found in great quantities along the Pacific Coast, and is turned into "biofuel by a process called thermochemical liquefaction." The plant grows rather quickly, making it quite plentiful. Scientists are hoping to eventually create large-scale kelp farms in the ocean.

So, what are your thoughts on the idea of using kelp to create biofuel? While it's certainly still in the very early stages, do you think it could ever be cost competitive? Please leave us your thoughts in the comments section below.

On a separate note, to any of our readers who are in the path of Hurricane Irma (or who have friends and/or family in Florida), we're hoping for the best outcome this weekend - please stay safe out there.

Energy Articles of Note

" Atwood/Ensco Merger: The Shadow Of Borr Drilling " By Vladimir Zernov

" Hartstreet LLC: New Bakken Well Design And Its Viability At Today's Oil Price " By Michael Filloon

" Whiting Ride Along (Part 1) " By Donovan Schafer

Energy Sector Bankruptcies for the Week Ended Sept. 8, 2017

Here's a list of the most recent bankruptcy announcements in the energy sector:

- None.

We should point out that on Wednesday, Sept. 6, Sempra Energy ( SRE ) announced that "a bankruptcy judge approved its merger agreement with Energy Future Holdings, an important step in SRE's proposal to acquire Energy Future's 80% ownership interest in Oncor."

Feel free to add anything that we might have missed in the comments section below.

U.S. Oil Rig Count

As per Baker Hughes, the number of active U.S. oil drilling rigs declined this week.

Weekly Natural Gas Storage Report and Summary

Natural Gas Rig Count

Oil Production

As always, we encourage you to submit your own article by clicking here , if you haven't already done so.

See also Out Of The Box: Wacamole on seekingalpha.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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