“…With current fossil fuel costs ( < $lS/barrel), C02 mitigation costs would be about $40 to 70/ton, depending on the productivity assumption. This cost estimate (based on Benemann et al, 1978Benemann et al, ,1982and Weissman and Goebel, 1987), made numerous favorable assumptions about the engineering and biological aspects of such a system. For example, the growth ponds would be 10 ha "raceways", over ten times larger than current experience.…”