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High Oil Prices Mean Clean Energy is Competitive
The high oil prices should not only prompt a reduction in usage, but they will encourage the use of renewable energy, the price of which is now falling relative to fossil fuels, experts feel.
A decade ago greens were always told that a switch to sustainable energies was a pipe dream with oil trading at just $10-$15 a barrel. Well, now it is trading at ten times that!
Biofuels - often a direct alternative to petrol or diesel - are now selling for about $40-70 a barrel so are clearly already competitive, says Dan Lewis, research director at the Economic Research Council and founder of website altenergyinvestor.org.
Read more on this from this report
Nature gave us oil from algae; perhaps we should try Nature's way again
Oilgae; Oilgae Blog; List of Oilgae Blog articles.
algOS - Biodiesel from Algae Open Source
Oilgae has a focus on biodiesel production from algae while also discussing alternative energy in general.
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