It's still possible, however.
This article was posted a few months ago, and we haven't received much of it since, not even a "breaking news" in media outlet.
Which might lead to the conclusion that this technology is years, maybe even decades away from being anywhere near production-state or commercially.
This is perhaps why oil companies haven't acted upon it, they will silently wait this out, after this technology will start to take shape and might endanger the oil market, that's when you strike, not when a bunch of scientists say they developed a new way.
The oil market, is a blueprint for many product, since oil is used in nearly everything we have, much of the purchase price is dependant on the oil price. If somebody were to introduce a new way to create a fossil fuel or the perfect alternative for it, the market would crash, it would be the worst recession ever.
|Cambridge, Mass. â€“ May 5, 2011 â€“ Marking another milestone in its advance towards commercialization, Joule Unlimited, Inc. today announced the signing of a lease agreement providing access to 1,200 acres in Lea County, New Mexico, with the potential to scale the project up to 5,000 acres for production of renewable diesel and ethanol directly from sunlight and waste CO2. The agreement with Lea County is the first to be completed as part of Joule's production facility siting program.|