USGS: Arctic Contains a Great Deal of Oil and Gas Written By: Miranda Marquit 2008-07-24 15:22:26 Photo: dfbarrero, Creative Commons, Flickr
The U.S. government estimates that a fifth of the world's recoverable and undiscovered oil and natural gas are in the Arctic.
Instead of mixing the ingredients and heating them for hours, the chemical engineers pass sunflower oil and methanol through a bed of pellets made from fungal spores. An enzyme produced by the fungus does the work -- making biodiesel with impressive efficiency.
One of the key issues with producing alternative energy is the efficiency factor. Until now, the energy it took to make biodiesel was rather large and prohibitive. It now looks like biodiesel could cost less than originally thought.
WFR and FSLR - Two Solar Stocks that Will Soak Up the Sun During a (Possible) Recession Written By: Eben Esterhuizen 2007-03-15 23:45:20 Former Fed chairman Alan Greenspan recently rattled financial markets by saying there is a one-in-three chance of a recession this year. Greenspan might be considered an optimist. Several models created by research firms place the probability of a U.S. recession during the next year at 50%. The market is still jittery over the subprime sector, and investors are starting to get full-blown concerns over a bleed in the larger subprime mortgage market.
