Genetic modification of bacteria has produced a strain that consumes agricultural waste and excretes crude oil.
http://www.timesonline.co.uk/tol/new...le4133668.ece?
I guess the world won't run out of oil...
It's actually quite fascinating how it all works. Currently they are only able to produce one barrel a week in their small lab, and the article says that in order to meet the demands of the USA, it would take a plant the size of Chicago.
However, if there is one level of technology that is growing beyond belief, it's downsizing of tech. Not fifty years ago a computer took up a whole floor in a building, and now you can have one far more powerful in your pocket.
If investors see the profit potential, I can see us being energy independent within thirty years.
The nice thing for the environment, however, is that this is a carbon negative energy source - meaning that the carbon it emits will be less than that sucked from the atmosphere by the raw materials from which it is made.
This is big...
Very big.
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