It is ironic that, just as we are finally saying goodnight and farewell to Peak Oil theory, scientists are poised to bring unlimited quantities of the finest sweet crude oil to market, courtesy of algae and sunlight. Moreover, the algae route to creating oil is said to generate 95% fewer greenhouse gasses than the conventional route of drilling for oil , so, even if climate change activists would rather that we stopped using oil altogether, “green oil” goes a long way towards meeting most of their objections. The technology is not new. Research has been going on for at least the last 30 years, but for much of that time, scientists found that they were having to put more energy into the process to grow the algae and extract the oil, than was contained in the oil – not exactly a winning proposition. […]