What people don't want to know is that the little pills are likely to "cure" the symptoms, but leave the underlying causes in place.
But we 'merricans do like our magic. Look at how many people believed the tales of how Iraq would greet the invading army with candy and flowers.
I'm all for oil-producing bugs, but until they hatch I'm going to continue finding ways to reduce my energy consumption and (I'm afraid it's already become a cliche) carbon footprint.
By the way, there is no way this can be carbon negative, or even neutral: You are taking fixed carbon (farm waste) and oxidizing some of it (to feed the bugs) so that the bugs will turn (most of) the rest of it into oil which you then burn (CO2 POSITIVE).
This smells an awful lot like the guy (posted on ET) who was getting "water" to burn.
Peak Oil is ultimately about arithmetic. And the fact that arithmetic is against us. There may be amelioration but there is no solution. The numbers are right and we are wrong. Dead wrong.