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mrstickball said:
headshot -

You are correct.

http://www.unh.edu/p2/biodiesel/article_alge.html

200,000 hectares = 7.8 billion gallons of biodiesel from algaes. From their estimate, $308 billion USD (under 1/2 of the stimulus money) could build enough ponds to stop America from drilling for oil ever again, by producing approximately 140 billion gallons of biodiesel a year. Maintenance costs for upkeeping such a system would be apporximately $50 billion a year, or $0.33c per gallon. That'd make gas prices go down a bit, no?

Thats pretty cool stuff, I hope it picks up.  It would definately be a lot better than ethanol from corn.