Umbran said:
Yes, but we should be aware ultimately, fossil fuels will run out. There is argument as to when, but it is recognized that they are finite and nonrenewable. Ultimately, maybe decades or centuries down the line (depending on whose estimates you read), they will have to be phased out of our large-scale energy plans.
You realize that they don't even know where oil comes from? Like, how it came to be. It was believed that it came from dinosaur fossils, but no one's figured out how to take fossil, pressure, and heat, and make oil. It's theoretically possible that it could be synthesized, but no one's tried. We just assume that there are big tubs of the stuff deep below the ground and that's all there is to it.
Umbran said:
There is some evidence that suggests we are already past peak production on petroleum, that our technology for extracting it is no longer keeping up with the difficulty of extraction, meaning that oil may be on the fast road to economic inviability.
Yeah, but there's also evidence that suggests we're not past our peak production.
There's an economic argument for the idea that we'll never actually "run out" of oil, that there'll always be some left, even if there's a finite amount. Now, it may become so rare that prices become exorbitant, and it becomes in inviable source of energy, but we'll never run out (what do you think they would do if there was 100 barrels left? how much would those barrels sell for? it'd be unrealistic to run a factory or a anything off it it--what would they be used for?).
Oh, and we used to grow sugar cane down here in Texas not too long ago, I think. My understanding is that it doesn't grow in the north, but it does in the south... it's just cheaper to get sugar elsewhere.
Directly to the original point, though, the problem isn't corn ethanol. The problem is the scarcity of alternatives, caused partially by farm subsidies. Nuclear energy would help a number of problems (and, a nuclear engineer tells me the waste issue only becomes a problem in a length of time where the earth is eaten up by the sun anyways).