President Obama has made his approach to the oil crisis clear looking to biofuels as part of the solution. ABCNews, Energy Boom and Biofuels Digest all reported on Obama’s energy plan as well and his response to criticism.
A recent survey conducted by the Algal Biomass Organization (ABO) has revealed that ‘65% of algae producers are planning to expand capacity in 2012’ (Biofuels International) and that algae biofuels are on track to be cost-competitive with petroleum by 2020.
- Bloomberg Business Week: U.S. to Invest $14 Million for Algae Biofuels, White House Says (algaetec.com.au)
- Navy Draws Heavy Media Coverage for Biggest Biofuel Sea Trial (xconomy.com)