Posted on 06/15/2008 6:34:27 PM PDT by mondoreb
Diesel fuel produced by genetically-engineered bugs.
Several Silicon Valley companies are already genetically altering microbes and small organisms--bugs, so to speak--so that they produce something for nothing.
The something? How about petroleum products.
The nothing? How about agricultural waste--wood chips or straw or other biomass.
The organisms eat the waste products and excrete crude oil.
Ten years ago I could never have imagined Id be doing this, says Greg Pal, 33, a former software executive, as he squints into the late afternoon Californian sun. I mean, this is essentially agriculture, right? But the people I talk to especially the ones coming out of business school this is the one hot area everyone wants to get into.
This sounds far-fetched, but the bugs are producing crude right now. In about a month, the experimental microbes will have produced enough oil to fill the first gas tank with something engineers call "renewable petroleum".
Mr Pal is a senior director of LS9, one of several companies in or near Silicon Valley that have spurned traditional high-tech activities such as software and networking and embarked instead on an extraordinary race to make $140-a-barrel oil (£70) from Saudi Arabia obsolete. All of us here everyone in this company and in this industry, are aware of the urgency, Mr Pal says.Besides making Saudi oil a thing of the past, it will also render Al Gore's dreams of taxing the world back into the Stone Age obsolete.
(Excerpt) Read more at deathby1000papercuts.com ...
I’ve also read this.
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