*FTW = For The Win

Algae, the best goo on the planet, continues to capture the minds of people who want to transition away from oil. Entering the fray recently is a company from San Diego that promises to make algae a replacement for diesel.

A San Diego company said Wednesday that it could turn algae into oil, producing a green-colored crude yielding ultra-clean versions of gasoline and diesel without the downsides of biofuel production.

The year-old company, called Sapphire Energy, uses algae, sunlight, carbon dioxide and non-potable water to make “green crude” that it contends is chemically equivalent to the light, sweet crude oil that has been fetching more than $130 a barrel in New York futures trading.

Chief Executive Jason Pyle said that the company’s green crude could be processed in existing oil refineries and that the resulting fuels could power existing cars and trucks just as today’s more polluting versions of gasoline and diesel do.

“What we’re talking about is something that is radically different,” Pyle said. “We really look at this as a paradigm change.”