Japan imports nearly all of its oil and natural gas consumption, and the earthquake, having wreaked havoc on select nuclear power facilities, will likely result in a sustained change in the composition of Japanese energy demand, including an increased demand for oil and some refined products.

FORBES: Japanese Oil Demand Likely To Jump

Algae vary considerably in their composition, and while some varieties contain around 50% of their weight of oil, others hold as little as 5%.

FORBES: Looking For Algal Oil With Near Infrared Light