Making Diesel Fuel Like Grass?

From DailyMail.co.uk:
"Scientists have genetically engineered an organism that secretes diesel fuel wherever there is sunlight, water and carbon dioxide.

Biotechnology company Joule Unlimited claims it can produce diesel fuel and ethanol on demand at unprecedented rates.

Researchers at the firm, based in Cambridge, Massachusetts, said they can produce the fuel that runs jet engines using the same ingredients that make grass grow.

They also claim to be able to make it in facilities both large and small and at costs comparable to the cheapest fossil fuels.

Joule's website describes the breakthrough as 'energy independence', although many remain sceptical.

Chief executive Bill Sims said: 'We make some lofty claims, all of which we believe, all which we've validated, all of which we've shown to investors.

'If we're half-right, this revolutionises the world's largest industry, which is the oil and gas industry.

'And if we're right, there's no reason why this technology can't change the world.'"

Is this the solution to the world's energy crisis? Scientists 'make diesel fuel using sun, water and carbon dioxide'
2nd March 2011
http://www.dailymail.co.uk/sciencetech/article-1361814/Scientists-make-diesel-fuel-using-sun-water-carbon-dioxide.html