Captain Science McGreenJobs to the rescue!
Or maybe Bunkerville is right and this is Barry's version of a faith-based initiative.
Let's cut the President some slack. He thinks he can cool the planet and make the oceans recede. Turning the slime in your under-maintained backyard swimming pool into automotive fuel is small beer for Barry the Miracle Worker. What's another half-billion dollars in taxpayer-funded loans or subsidies or just plain-old handouts?
To be fair, research and development is a tricky thing. At one time, petroleum was probably considered a risky source of energy to use for anything, much less base a whole economy around. Figuring out how to turn the black crap that came out of the ground into something useful was an arduous process that a lot of people likely thought wasn't going to pan out. Obama might be right to think that algae is the wave of the future. But his track record on energy policy shouldn't fill you with loads of confidence.
Even though it's likely that algae will be yet another Solyndra-sized government boondoggle, I kinda want Obama to pursue this wacky project. If it works, great. If it doesn't, then we can all get a laugh as Juan Williams accuses Newt Gingrich of being a racist when the former Speaker calls Barack Obama the 'pond-scum President'.