GE Microbes Make Crude Oil From Many Sources

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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