The Oil Tycoon's Conspiring?

Under a year ago, the 43rd Nobel Conference was underway in Mankato, Minnesota. The subject: Energy

My Physical Studies (Science) professor was invited to attend it. She came back and gave us startling news and to back it up with pamphlets and materials from it.

She told us that in 3-5 years, the energy source would be algae. It would run our cars and power our homes. Very startling. She said the were on a breakthrough for it.

Nearing the end of year 1, no news coverage, not even a whisper since that. The oil tycoons are making tons of money, and as we all know, want you want when you have money, is more money. They want to keep getting richer.

Is it possible that the oil tycoons are conspiring to keep this quiet and shutting down the research. Isn't that what happened in the 70's? Could this be possible?

Yes I can believe it,,, if three very rich oil guys worked together, they could effectively
manipulate the market endlessly for their own gain... Whats to stop them?

The rich only want to get richer. We are on the eve of a technological breakthrough and some people want to stop it. Isn't that aggravating?