He means bugs. To be more precise: the genetic alteration of bugs – very, very small ones – so that when they feed on agricultural waste such as woodchips or wheat straw, they do something extraordinary. They excrete crude oil.
Unbelievably, this is not science fiction. Mr Pal holds up a small beaker of bug excretion that could, theoretically, be poured into the tank of the giant Lexus SUV next to us. Not that Mr Pal is willing to risk it just yet. He gives it a month before the first vehicle is filled up on what he calls “renewable petroleum”. After that, he grins, “it’s a brave new world”.
Scientists find bugs that eat waste and excrete petrol – Times Online
I don’t know that all this is actually good for humanity — Wouldn’t this lead to somehow betraying the inherent Dignity of Man? (e.g. how long before we genetically modify humans to be perfect slaves? Or Modify some humans to to be inferior/superior to others, etc….)
(I know this is just an accounting blog, but everything we do in our life expresses our values and accounting is no different. Any accountant can easily look at any balance sheet or income statement and know what the client’s values are. So perhaps revealing some of my own values can help other gain insight on how this profession truly works.)