IBD whacks the deal too ... and interesting dichotomy as they usually are all about young companies with a "future" v. their distrust (to put it charitably) about Obama.
I've done a little reading on algae in the past, (remember those XOM commericals over the last year or so?) and the story always seems to be it didn't ramp up to real production, but perhaps one day that will change. CDXS was on my radar in 2010.
My positions in both are tiny and just to keep it on my screen. Read the other article previously also. The Navy is right that alternative sources of liquid fuels are necessary to develop now because in the future they might be really needed.
I sort of consider the $15 cost mentioned as an investment in the future, but have no idea how our government will view it in the future. Good chance that our government will remain short sighted. We will be in an awful position when liquid fuels become tight. How would your life be at $7 a gallon. $15? Unavailable at any price?
Sine I remember the Jimmy Carter buy a sweater speech and things have not yet been solved what can one say?
A number of years ago the Navy proposed developing rare earth supplies domestically. We didn't do it and China has cornered the market using it as an economic and political weapon. About the same thing and we will probably do about the same thing again.
Haven't waded through his stuff yet, and they're not public, but I suspect at the very least he makes arguments you might find good to consider, whether you agree with them or not. Full disclosure: he could be a quack for all I know at this point.
Please let me know if you do and whether it was useful or a waste of time.