New biofuel gives the power of petrol

IN 2004, the Bill & Melinda Gates Foundation pumped $42.6m (

The price of oil passed $70 a barrel last week, a nine-month high. In America, petrol prices have remained stubbornly above $3 a gallon (40p a litre). With the Middle East in turmoil, the dollar in the doldrums and global warming taking its toll, oil is not likely to get cheaper soon. It