$30.00 a barrel oil.
 

http://tinyurl.com/4ddvlex

headline:

In September, a privately held and highly secretive U.S. biotech
company named Joule Unlimited received a patent for “a proprietary
organism” – a genetically adapted E. coli bacterium – that feeds
solely on carbon dioxide and excretes liquid hydrocarbons: diesel
fuel, jet fuel and gasoline. This breakthrough technology, the company
says, will deliver renewable supplies of liquid fossil fuel almost
anywhere on Earth, in essentially unlimited quantity and at an energy-
cost equivalent of $30 (U.S.) a barrel of crude oil. It will deliver,
the company says, “fossil fuels on demand.” ... (cont)