Not today but China and India are growing and upsetting the oil demand curve and pollution output. It is strategic to develop new cost effective emission neutral replacement technologies. I want to preserve the American way of life.
The reason America is the wealthiest country is because of our investments in new technologies. This is usually driven by military spending because initially only the military can afford new technologies like $100/gallon algae jet fuel. We should cut back on the social spending money pit and invest more in new energy technologies without waiting for a loaded gun to be pointed at us.
We're still riding the technology wave from WWII which brought America great wealth but that wave is 60 years old now. Will it take war with China before we get off our duffs and get serious about our developing oil problem?
I take you think CO2 will be a problem sometime in the future. If so, why?
Right now the technologies we already have are not being fully utilized such as: reprocessing nuclear fuel, using sewage to produce methane gas for electrical generation, solar hot water heaters to provide space heating and hot water. Each one of these would reduce really harmful emissions and reduce (not eliminate) the need for more power plants. These are proven technologies that are available today and would also free up more coal and CNG to be used for motor fuels.
Research into new energy technology is going on and some of it will prove to be impractical or only practical and economical under some circumstances, like wind power.
So I’ll ask: What advantage will algae oil offer in the foreseeable future that is not available already by other means and at lower cost?