The Oil Solution: Bug Poop?
While almost everyone on the planet is locked in mortal combat over oil, it has just been announced that researchers have genetically engineered a tiny bug that eats agricultural wastes (wood chips, wheat straw, etc.) and excretes the carbon negative equivalent of crude oil. No need to reengineer anything – just grow the little buggers and enjoy a pollution free world. It is estimated that it would take a facility about the size of the City of Chicago to completely replace the oil and gasoline needs of the U.S. This project has such potential that it is being funded by Vinod Khosla, the Indian-American entrepreneur who co-founded Sun Microsystems, and headed up by Bob Walsh, formerly of Shell. Estimates are that the final product will be "oil" at approximately $50 USD per barrel. A demonstration facility will be in operation by 2010 and they will be online and in full production by 2011. If this, and other newly discovered means of producing oil substitutes (such as Yucatan’s 5,000 acres of Jatropha curcas trees), come to pass on a commercial level, it will be interesting to watch as every single global bully has their favorite weapon of coercion snatched from their grasp. (TimesOnline)

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