Oil prices : from a recession to another

To the prestigious International Energy Agency :” If oil averages USD 120 per barrel in 2012, the global oil import burdenĀ  is set to reach a record high of over USD 2 trillion, or USD 5.5 billion per day “

Their press release goes on : ” The current price levels are on average higher than the awful year of 2008, and as such have the capacity to tip the global economy back into recession

The solution is simple : we have to ween ourselves from oil as soon as possible. It’s not as if already knew it and not as if we lacked alternatives.

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Research on algae biofuels is booming

If traditional / first generation biofuels based on cereals are nowhere near being sustainable, the ones based on algae could be a good or even great solution in the not so far future… Some entrepreneurs and scientists are sharing this opinion as the New Mexico Business Weekly reports than at least three different companies are … Read more

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