On golden pond

With gas hitting the $3.69 a gallon, you can hear the moans at every gas station. Listen to the teen filling up his car, or the gent filling his mini van. Ouch.
The world needs a better solution than being held hostage by the oil barons of the Middle East and the oil refiners across the globe.
What is the solution? Who knows really, but if you listen to the National Algae Association, it is all about the slimy green stuff you find in a pond. The association will conduct its Algae Commercialization Business Plan, Research, and Networking Forum July 17 in The Woodlands, Texas.
The conference is everything algae. Algae oil production companies and algae researchers will strut their stuff and try to get the message out there that algae is the new form of Texas tea.
With oil hitting $126 a barrel, and corn prices soaring, algae can hit the market as one of the lowest cost feedstocks for biofuels. Algae could be a source of renewable oil to process and refine into transportation fuels.
Breakthroughs in pond development and closed end loop systems put algae oil production companies on the leading-edge of the renewable oil industry.
Challenges for algae:
-- Identifying the best suitable algae strains
-- Standardizing photobioreactor (PBR) technologies
-- Developing new CO2 injection methods
-- Monitoring nutrient levels for efficient algae growth rates
-- Finding cost effective oil extraction methodologies
The experts say they can refine algae to make biofuel, jet fuel, bio-gasoline and cellulosic materials such as pharmacueticals, cosmetics, plastics and green packaging.
So, what do you think of that green slime right now?
Talk to me.