Venture Capitalists Want to Put Some Algae in Your Tank.

NILAND, Calif. - The idea of replacing crude oil with algae may seem like a harebrained way to clean up the planet and bolster national security. But Lissa Morgenthaler-Jones and her husband, David Jones, are betting their careers and personal fortunes that they can grow masses of the slimy organism and use its natural photosynthesis process to produce a plentiful supply of biofuel.