But nothing is really free, because...
Photosynthesis is free.
You don't have to buy tanks for algae, either. Algae are everywhere. They are overpopulated in many bodies of water, and cause fish kills, because nitrogen and phosphorus-based fertilizers run into the water and fertilize the algae as well as they would any other plant.
I see your point, though. People have been concerned with the energy costs in producing biofuels for a long time, and there would be some costs, even potentially quite high, in a commercial environment. However, biofuels can be produced from waste products and in other cost-efficient ways.
The crux of this argument, though, is what happened in the experiment. Didn't you ever wonder how trees get so big? I know I did. When I was a kid I used to think that trees sucked something out of the soil, dirt or something, and turned it into tree. But then, why didn't the soil get smaller, or sink? Hmmm. I had to abandon my theory. Especially when you think that you can grow generation after generation of trees, and the soil is still there. Well, trees generate mass "out of thin air", by joining carbon molecules in gases into sugars, and sugars can be used to make cellulose, wood, or anything else that a tree turns into (via things that eat it, etc.). So that was what I got out of this article. The energy in sugars and gasoline and wood that is burned is stored in carbon-carbon bonds that are the end result of a chemical process, photosynthesis, that it is quite expensive and inefficient to imitate, as this experiment shows. Photosynthesis generates sugars and all the potential byproducts "out of thin air".All the energy in the oil wells in Texas is there from photosynthesis--solar energy captured by plants. So, if there were ever a case of reinventing the wheel, this experiment is it.