Recently, Bill Gates has begun to invest in algae based fuels. This a new alternative fuel source for transportation in our everyday lives. Algae fuels are based on the same concept that surrounds the use of corn and soy as fuel products. The benefit of algae fuels is that algae grows more rapidly then corn or soy. Therefore, it allows for a more rapid production of fuel. The only down side to this is that the cost per gallon of algae based fuels is still much higher than that of petroleum based fuels.

My hope is that with Bill Gates’ investment in this new and upcoming technology they will be able to develop a system of refinement that can make the cost comparable to that of modern oil refinery. If this could be implemented, even a little, then it could greatly reduce or dependence upon foreign oil. This would allow the United States to take a big step forward in obtaining energy independence.