The trouble with biofuels is that food producers turn over their land to producing biomass, ethanol and oilseed crops.
As peak oil, fuel embargoes, war upon and blockade of hydrocarbons supply routes occur, production of biofuels will become more attractive.
As we loose food production, our ability to contend with spikes in food prices will be severely hampered by commodity speculation and, perhaps, a little push from Mother Nature (witness the Russian drought this summer).
I personally think biofuels are a canard (not to mention CO2 production). Solar, geothermal, wind, hydro, wave and, scarily, nuclear are the only option open to us.
Happy trails...torc.