Under the gleam of blinding lamps, engulfed by banks of angrily frothing flasks, Makoto Watanabe is plotting a slimy, lurid-green revolution. He has spent his life in search of a species of algae that efficiently “sweats” crude oil, and has finally found it.

Now, exploiting the previously unrecognised power of pondlife, Professor Watanabe dreams of transforming Japan from a voracious energy importer into an oil-exporting nation to rival any member of Opec.

The professor has given himself a decade to effect this seemingly implausible conversion: Japan’s export-led economics have always been shaped by their near 100 per cent dependence on foreign energy. ... Read full article