A San Diego start-up says it is using algae to make oil that can be refined into gasoline and other fuels that are both renewable and carbon-neutral, and it plans to produce 10,000 barrels a day within five years.

That’s a fraction of the 20 million or so barrels of petroleum the United States consumes each day, but Sapphire Energy says “green crude” production could ramp up to a level sufficient to ease our dependence on foreign oil, if not end it altogether.


He wouldn’t disclose how the process works or what it costs but said it is competitive with deep-water oil drilling and extracting petroleum from tar sands.

Full Story: Wired

I file this under “If it sounds too good to be true…”