So I spoke with a farmer who informed me that he burns more fuel in his tractors than the ethanol produced by the corn he grows. I looked it up in Wikepedia, and sure enough, we burn 1.2 gallons of fossil fuel to produce 1 gallon of ethanol from corn. Worse, my Dad uses E85 when the price is right, and it reduces his gas mileage by about 20%.
In other words, corn ethanol actually increases our oil dependence. Rich. (the farmers & oil barons, that is).
Cellulosic ethanol, supposedly will work, but we're not there yet.