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Industry Wrap Up: Obama, Oil prices and Biofuel Expansion.

Concern over oil prices prevails in the media today with The Australian, The Wall Street Journal and Bloomberg covering various angles of the crisis.

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.

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