Based on what I've read about it, it makes plenty of sense. Consider that this organic material received its energy from the Sun to begin with. Why just let it rot and waste when it could be recycled... and without any deleterious impact on the environment that comes from drilling, as alleged by some. Ecologically and economically, it's a bank shot if it works.
But the proponents of the plan are now claiming that there is a veritable conspiracy at work to prevent news of their discovery from getting out. The national "mainstream" news media is refusing to touch the story... which in the minds of too many Americans means that the story isn't happening at all, even if it were to wind up being amazingly true.
So we might have a way to produce our own oil, and kiss OPEC goodbye... but there may be some who don't want word of this to get out? Not even to the people who may soon be paying $4 a gallon for gas by the end of summer?
Here's that link again. Feel free to read it and judge for yourself.