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Calling it "synthetic blubber" sounds like hype to me.
It would be interesting to know whether the MIT team that "developed the process with the help of the US Navy" is aware of that study.
About two years ago, I completely switched to carbon dioxide gas. It is much more accessible and incomparably warmer than argon. Now I'm studying the effect of active heating of CO2. He made several hundred dives. The flight is normal.