Making oil in less than a million years

Rico says at first he thought it was bogus, but the reference in Wired magazine to 'green crude' turns out to be legit:

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.
Company CEO Jason Pyle says the algal oil is chemically identical to light sweet crude and compatible with America's $1.5 trillion petroleum infrastructure, making it a direct replacement for oil. Although the algal fuels refined from it emit as much carbon dioxide as conventional fuels, the company says the emissions are offset by the photosynthetic process that uses sunlight, water and C02 to create algal crude.
"We designed it to be a completely fungible product with crude oil," Pyle says. He says the company has refined its algal crude into 91-octane gasoline, diesel fuel and kerosene chemically identical to conventional fuels. 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.
Sapphire also avoids the food-for-fuel debate that has plagued crop-based biofuels because it uses algae and works on non-arable land with non-potable water. Pyle wouldn't say where Sapphire plans to build the demonstration plant it will have running later this year, but it's reportedly working in Oklahoma and may locate its facilities in the South and Southwest. It hopes to have a full-scale plant up and running within five years, producing 10,000 barrels of green crude a day. The company has lined up more than $50 million in funding from investors like ARCH Venture Partners.

Rico says anything that fucks over the ragheads is a good thing...