A few years ago I had dinner with a Texan oil engineer and his wife. We discussed oil, naturally. There is a near infinite quantity - its only the matter of price to extract it.
At $2 a litre, no so much left, at $20 a litre, plenty.
Curiously I was interested in ethanol/methanol production. Turns out
Manildra here is one of the very biggest. A casual chat with them revealed they are more than able
and capable of producing as much ethanol as needed at an energy price point BELOW fossil fuels right now.
It would be curious to know what the future holds.