What I’ve heard is that for decades US farmers had lots of surplus land, due to the protracted bear market in agriculture. Thus, the production of fuel ethanol does not displace traditional food crops, and does not impact the food prices to the degree commonly believed.

What’s your opinion, guys? I think there is some truth to it, since for ages we’ve benn hearing that we have a huge overprodution in agriculture.

05.01.2003
Anything Into Oil
Technological savvy could turn 600 million tons of turkey guts and other waste into 4 billion barrels of light Texas crude each year

http://discovermagazine.com/2003/may/featoil/

AlgaeLink has Developed a New Method of Oil Extraction for the Production of Algae Oil
March 05, 2008
For immediate release

Unique in the algae industry

AlgaeLink has developed a new method of oil extraction for the production of algae oil without the use of any expensive or dangerous chemicals, centrifuge, dryer or oil press…

Marco: “Since we don‟t use any chemicals, the whatever is left of the algae paste may be sold for it‟s many specific and attractive compounds. Some compounds are very interesting as nutritional supplements, vitamins and antioxidants, such as β-carotene and astaxanthin. As well as important applications in the food industry, the paste can also be used in the pharmaceutical industry as it contains sterols, which can be used as building blocks for pharmaceuticals. Furthermore, cyan bacteria are a potential source of compounds with biomedical applications, such as antimicrobial, antiviral and anticancer compounds.”

http://ergobalance.blogspot.com/2007/12/shell-to-make-biofuel-from-algae.html

The facility under question will be run by a Shell/HR Petroleum venture company, called Cellina, and will actually be located on the Kona coast of Hawaii Island, near to other facilities which also grow algae mostly for pharmaceuticals and food.

Algae fuel, also called algal fuel, oilgae or third generation biofuel, is a biofuel from algae. Algae are high-cost/high-yield ($5-10/kg and 30 times more energy per acre than terrestrial crops) feedstocks to produce biofuels – although there is active research to reduce both capital and operating costs of production so that it is commercially viable.

The United States Department of Energy estimates that if algae fuel replaced all the petroleum fuel in the United States, it would require 15,000 square miles (38,849 square kilometers), which is a few thousand square miles larger than Maryland, or 1.3 Belgiums. This is less than 1/7th the area of corn harvested in the United States in 2000.

http://en.wikipedia.org/wiki/Algae_fuel