4) Allow tax credits for algae oil production. Algae produces 10 times or more oil per acre than sugar cane, sugar beats, and/or corn ethynal. Converting the entire country to algae oil would take the equvelant land space of Rhode Island. I think we could manage that. Algae is also carbon neutral.
You're about a year behind, Algae isn't working out nearly as well as they thought it would. Doesn't mean it's not a good technology, just means we won't be getting anywhere near the fuel we thought from algae.
From Wikipedia:
Only few studies on the economic viability are publicly available, and must often rely on the little data (often only engineering estimates) available in the public domain. Dmitrov[53] examined the GreenFuels photobioreactor and estimated that algae oil would only be competitive at an oil price of $800 per barrel.
http://en.wikipedia.org/wiki/Algae_fuel#Investment_and_economic_viability 
