"Your point on the market as a psychopath is very interesting. That's what laws and regulations are for."
We'll not get in to how those that "support free markets" also think regulations are bad, in all cases.. which implies they support psychopaths running the show..
As far as "investing in algae", if we don't explore something, how do we ever find out if it will work? And if we looked at it 10, 20, 50 years ago at a certian tech level then and refuse to look at it "now" with respect to "current technology", what kinds of things would we be without? and if we said "we have X, why bother trying to improve it", we'd not have these ultra-efficient light bulbs we have, we'd not have all the miniaturization we do and so our tiny cell phones and hand-held devices wouldn't be here..
I guess my point is, we're just starting to "fully explore" algae, the science has shown it "might be an incredible source of oil" based on preliminary expieriments.. It makes perfect sense from a historical and scientific standpoint to persue algae as an oil source that might well get us off all petrolium oil.. Do you think this gassification stuff was perfect on paper before anything was ever tried with it? The answer, of course, is no.. it needed tweaking and work and expieriments and investments to move. Now, if we pretty much prove that algae can't do what we hope it will.. then we should stop "wasting money" on it.. agreed. But, at this point, it's not like the government is giving billions of dollars to people in the algae who don't need it, right? They save that for the oil companies that are making historically record setting profits.
Algae for feedstocks for oil for bio-diesel is pre-infancy at this point. ALL discoveries took some time and money and determination to come to fruition, and the biggest ones took the longest. You're not even willing to give this a chance, it seems... To claim "there are a lot of better energy ideas than algae" is to deny the potential that's being discussed. Even at 1/2 of the touted limits and only a mere 5,000 gallons/acre we'd be off foriegn oil in a few years once we got our algae farms built. To imply that burning fossil fuels to convert biomatter to liquid is better than harvesting plants is to show you have no reasoned concept of what "better" means. It's "better" in ALL cases to put 10 pounds of work into making 50 pounds of stuff (which you can use 10 pounds of for your next batch, leaving a net of 40 pounds of stuff to use elsewhere) than it is to put 100 pounds of work into making 50 pounds of stuff (TDP is a net-loss process I'd guess... you only do that when you really need the product and don't mind expending the energy.. or when you're using it for recycling, for example.. turning trash into useful chemicals while avoiding putting stuff in the ground where it does no good for anyone.. but in THIS case, we're trying to get energy so pissing away more than you can make doens't add up to me). Growing plants for fuel is better than burning fossil fuels to make fuel. Pressing plants to oil and then making it to biodiesel with a chemical reaction uses a LOT less energy than the energy required to vaporize matter.
Anyway, there's no point in continuing the discussion. At the end of the day, anyone that supports "the market" and listens to it for advice as to what to persue is someone that doesn't seem to want to think for themselves, or try to actually solve problems. The market isn't looking to fix anything, its looking to make cash. Algae -might- be able to give us the oil scientists think it has, and if it does, -regardless- of if the "market" drives it, it's a good thing. The market doesn't always drive tech.. and in fact, a LOT of the market is just the whoring on the coat-tails of semi-random discoveries.