Also a genetically engineered organism that could help the U.S. kick its foreign fuel addiction

A genetically engineered organism that could make us energy independent?

Joule Unlimited has invented one, which literally secretes diesel fuel and ethanol.

The Cambridge, Mass.-based company says it can manipulate the organism to produce renewable fuels on demand at unprecedented rates and can do it at costs comparable to the cheapest fossil fuels. How does $30 per barrel of diesel fuel sound?

A Joule spokesman said, “If we’re only half right, this revolutionizes the world’s largest industry, oil and gas. And if we’re totally right, there’s no reason why this technology can’t change the world.”

The key to Joule’s organism is that all the waste from ethanol and algae fuels (the “middle man of biofuels” as they call it) is eliminated. Joule says its organisms secrete a completed product and it lives on carbon dioxide and water.

Joule claims that its cyanobacterium can produce 15,000 gallons of diesel fuel per acre annually – over four times more efficient than other forms.

• The good news: They expect to be operating commercially in just two years.
• The bad news: They aren’t public yet. But keep this on your screen, as you’ll hear a lot more about this and other companies like it.

No U.S. oil imports in 10 years?

How’s this for a game-changing idea? The Yale Graduates Energy Study Group has issued a report that says we can cut off all imported oil to the United States (except from Canada) over a 10-year period.

The “Yalies” say it would cause a loss of about $40 billion… but generate as much as $227 billion in gains by selling more domestic energy products. It would also reduce the cost of distribution, expand domestic oil development and production and spur the creation of alternative fuels.

Sounds almost too good to be true