1) Government will no longer have the luxury of being incredibly stupid and Obama won't want it to be 2) Solazyme's feedstock will be more efficient from a local pollution and greenhouse gas perspective - with or without carbon mandates or subsidies - used as fuel for electrical generation rather than via Solazyme's expensive process.
Maybe Solazyme will have another hype cycle or two - I'm sure the VCs will want to dump it on bag holders. But it doesn't make sense with or without subsidies, does it?
1) Go to Obama's web site and look at his plan for cap and trade for carbon emissions. Looks like he plans to be incredibly stupid.
2) If you think rationality is going to come into these decisions take a look at ethanol. Massive government subsidies even though it takes many more BTUs to produce a gallon of ethanol than you get when you use it. And even though ethanol production uses huge amounts of clean water and good farmland.
Depending on the government to make sensible "green" decisions is not realistic.