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+-   GE Microbes Make Crude Oil From Many Sources-> on Sunday June 15 2008, @09:23PM polymath69

Submitted by polymath69 on Sunday June 15 2008, @09:23PM
biotech
polymath69 writes "According to The Times Online, genetically modified microbes have been developed capable of turning surplus material such as wood chips, sugarcane, or others, not into ethanol, but into a substance which could substitute directly for crude oil. They claim it could be sold for about $50/bbl, and the production process would be carbon negative.

"Ten years ago I could never have imagined I'd be doing this," says Greg Pal, 33, a former software executive, as he squints into the late afternoon Californian sun. "I mean, this is essentially agriculture, right? But the people I talk to — especially the ones coming out of business school — this is the one hot area everyone wants to get into."

He means bugs. To be more precise: the genetic alteration of bugs — very, very small ones — so that when they feed on agricultural waste such as woodchips or wheat straw, they do something extraordinary. They excrete crude oil.

Unbelievably, this is not science fiction.
"
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