Joule claims, for instance, that its cyanobacterium can produce 15,000 gallons of diesel fuel per acre annually, over four times more than the most efficient algal process for making fuel. And they say they can do it at $30 a barrel.
Normally I am opposed to genetically modified plants but this would appear to be a contained situation. Would it be a good thing for the planet if we had unlimited diesel fuel? I would guess that the CO2 would be net neutral whatever escapes the exhaust pipe would have had to have gone into the fuel initially – right?