I don't buy it. The dollar is falling because the Fed is printing money at a furious pace and the government is spending money far in excess of income.
I didn't read the pdf, but I got the impression it could use almost anything with a biological origin.
Useless eaters? Biodiesel already has a line on a viable conversion of specific kinds of biological refuse. There are plants online. It's practical now, yet it hardly makes a dent in our energy demands.
That's part of the problem, but oil is priced in U.S. dollars, IIRC. Everyone accumulating excess U.S. dollars overseas reduces their demand and value as a reserve currency.