Oil prices recently hit $140 per barrel. The cost to grow and transport food is rising in tandem, and the global economy is being squeezed. Meanwhile pollution from burning fossil fuels continues to pollute the planet. The world needs an abundant source of clean, transportable, inexpensive fuel. Could microscopic algae hold a key to that future?
There has been a lot of hype surrounding oil production from algae lately. Visionaries claim algae holds the key to energy independence, but as exciting as oil produced from algae is, the reality is that a fossil-fuel-free economy is probably farther off than many think. That said, read on to find out why algae oil could also have a far brighter role in the future economy than most people might imagine.