It's dumb.
No, it's REALLY dumb.
One thing we DON'T need is more environmentally unfriendly hydrocarbons. Why not use the time and money and energy to come up with alternative energy sources? Forward thinking? Hardly. It's some guy who got a grant and has absolutely no forward thought. And the biotech start-up seeking capital comment? Brilliant, because that is the answer. And while I've always believed that ANY research is good research, in this case I'd rather see them work on something more legitimate.