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Many drivers across the country are getting frustrated as gas prices are on the rise and oil prices have surpassed $70 a barrel. Algae production may be a good replacement for oil and today, OriginOil, Inc., announced that it has filed for a Patent Cooperation Treaty (PCT) on its technology to convert algae to renewable oil. The renewable oil could be used to replace diesel, gasoline, jet fuel, plastics, and solvents.
