Another team of researchers has announced another technique for producing biofuel from cellulose. This bunch is also promising $1/gallon production, if they can get the efficiency up. With the price of fuel so high, one would think they wouldn't need to boost efficiency too much for the process to be profitable.
This is, what, the second or third announcement of this sort we've seen in the past year? It may be a tough target, but if enough guns are shooting it's bound to get hit eventually. Anything that gets us closer to putting Achmed and his merry band of jihadists closer to a bread line is fine by me.