ABSTRACT
The supply of ‘conventional’ oil is projected to peak before 2010 and its decline thereafter cannot be compensated fully by other liquid fuels (Youngquist and Duncan, 2003). Then, during the next 40 years, the oil supply will slowly decline until there is little available. The US has a critical need to develop liquid fuel replacements for oil in the near future. Yet so far the response to this crisis by agricultural and energy industry researchers and government officials has often been misleading and ineffectual.
