Which equals lot's of money.
If it were viable and cheaper than oil, we would be using it now.
The Sierra Club types will also claim that it destroys the planet as they claim everything else that makes our country run does and rack up the law suites.
We got that twit in South America doing everything he can to make oil go to $200 a barrel, or more. Ditto Iran.
If they both fail, general demand increases from China and India may push the price to $200 per barrel anyway.
Heaven only knows how many dollars have been wasted on tax write-offs for solar installs and other solar R&D projects.
If we can't find half a trillion dollars to get out of this mess, we're too stupid to drive. We should HAVE to go back to riding horses or walking everywhere.
And I say this as a guy who's job is helping the oil companies find and refine oil.
They’d have a hard time. Algae uses CO2 and can be grown on sewage. If they can genetically modify to algae to produce oil when it’s thriving, we literally could supply the nation’s need for diesel on relatively small acreage.
I see algae primarily being grown inside in bioreactors. Ponds aren’t year round in too many places and are too easily contaminated.
The industry also needs to take a hard look at gas extraction of the oil vs. pressing it out as they do now.
And to get to $2 a gallon, all we need is a 'breakthrough'!
As I explained to my 'greenie-weenie' children, when you depend on 'Science-Fiction' over 'Science' to bolster your argument, you're putting your tax money in someone elses pocket.
It's still hard for them to grasp the reality, that there are not GIANT piles of corn, woodchips, algae, hydrogen, or anything else, just laying around somewhere waiting to be discovered and turned into fuel.
They didn't much like the 'miracles' needed for hydrogen, either .................................... FRegards