The 2013 Algae Industry Survey conducted by the Algae Biomass Organization found: 1) There was significant optimism in the algae industry that algae fuels will be price competitive with fossil fuels by 2020 and that production and hiring will increase in both the short and long term. 2) 91% of respondents believed that algae-based fuels will be cost-competitive by 2020, with nearly 1 in 4 producers expecting prices below $3 per gallon. 3) Expanding production capacity, cost-efficient systems, and harvesting/extraction were key industry challenges and priorities.