Price of Oil

BOng has a number of entries about the skyrocketing price of oil...

i think we all saw that coming since a long time ago, but we pretended that it won't happen. i remember when i was in Uni, i thought that the one area of research that Singapore should go into, in a big way, is the production of energy and the efficient use of energy. more so than Life Sciences.

and there is so much scope. biofuels (i read now that swamp algae might be a good source of biofuels... damn... shouldn't have reclaimed Jurong!), solar, more efficient extraction of fossil fuels, more efficient ways of refining, hybrid cars (Cheng's Honda Civic Hybrid is quite an example of this technology...) and other methods to improve our energy efficiency, of cars, buildings, anything. and it's not just limited to this. i'm sure that there are other interesting topics in the area of energy production and efficient usage that i don't know about. so it is strange that Singapore isn't pumping as much resources into this area, isn't creating as much hype about our efforts, isn't getting as many people into this field as we did for Life Sciences.