Joel Arellano
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Joel Arellano
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AlgaTech Technologies, with partner GreenFuel Technologies Corp., are looking at algae as another producer of biofuel. While the idea is not new, the two companies are also focusing on one of algae's growth factors: carbon dioxide.


A U.S. Department of Energy (DOE) reports states that the world will most likely reach its peak oil level within 10 to 20 years. "Peak oil" is the point where oil supplies are at their maximum; any further demand will force higher prices as remaining supplies plummet.
The report provided four alternatives: vehicles with better fuel economy; coal liquefaction; producing fuel from oil shale; and new methods and technology to continue extracting oil from spent fields. The DOE's report, though, shows that such options could not fulfill half the U.S.' fuel demand until 2025 and it would be disastrous if the oil peak is reached prior to that year.
Popular alternative technologies such as ethanol and electric vehicles were considered, then dismissed, since they would have no serious impact on fuel use in the next 20 years.
[Source: The New Mexican]
UBS, a Swiss investment bank, released a statement saying that ethanol is an "insufficient" replacement for oil. Based on a study initiated by the bank, ethanol production at its current rate would total around 30 billion gallons of fuel by 2020. Unfortunately, oil consumption for vehicles alone totaled 320 billion gallons just for 2005.
General Motor's Chevy brand has teamed up with MTV to promote a night of bio-fuel awareness at the MTV Music awards on Thursday, August 31st. States general manager Ed Peper of Chevrolet, "Going green never looked so good. The 2006 MTV Video Music Awards is a great opportunity for us to showcase our Flex Fuel, E85 ethanol-compatible vehicles, as well as spread the word about Chevrolet's product portfolio that boasts nine out of 10 cars with over 30 mpg fuel economy."


With gas prices to remain steady around $3 a gallon, the media's been having a field day, predicting that $4 may be reached by year's end. | # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Sebastian Blanco | 111 | 11 |
| 2 | Sam Abuelsamid | 109 | 1 |
| 3 | Jeremy Korzeniewski | 51 | 1 |
| 4 | Domenick Yoney | 25 | 0 |
| 5 | Xavier Navarro | 17 | 0 |
| 6 | Chris Shunk | 4 | 0 |
| 7 | Drew Phillips | 3 | 0 |
| 8 | Frank Filipponio | 3 | 0 |
| 9 | John Neff | 2 | 0 |
| 10 | Jonathon Ramsey | 2 | 0 |
| 11 | AutoblogGreen Staff | 2 | 0 |
| 12 | Dan Roth | 1 | 0 |
| 13 | Michael Harley | 1 | 0 |
| 14 | Gary Witzenburg | 1 | 0 |
| 15 | Chris Paukert | 1 | 0 |
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