"Biofuels are economical nonsense, ecologically useless and ethically indefensible," Peter Brabeck-Letmathe, chairman of Nestlé SA, the world's largest food company, wrote recently in a Wall Street Journal essay.
"Every 10,000 litres of water produces as little as five litres of ethanol, or one to two litres of biodiesel. This year, the U.S. will use around 130 million tons of corn for biofuels. This corn was not available as human food, nor as fodder to animals. Is this the right strategy, for a product that won't satisfy even a small percentage of our energy needs?"
Given the substantial amount of energy required to produce corn-based ethanol, it is a net contributor of greenhouse-gas emissions, so it actually contributes slightly to the climate-change crisis. As for energy security, ethanol's lower energy content means it requires 1.33 gallons of E85 to travel the same distance as one gallon of gasoline.
http://www.thestar.com/News/World/article/451291