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Dr. Jay Newman is the President of Optional Energy Partners, he told Newschannel 3 that “we have yet to talk to a single person who’s said ‘boy this is a dumb idea.’”

Dr. Newman and his partner, Tom Butler, think algae is the future. As oil prices rise, algae made into bio-fuel could replace it at one quarter of the cost of pumping oil. The two men hope to get Optional Energy Partners up and running in the next few months, but they’ve got some stiff competition across the country as Bill Gates and the Rockefeller Foundation are working on turning algae into oil themselves.

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