As an aside, Australia is slowly heading down the ethanol path.........and its stupid.
We have one of the worlds largest natural gas reserves and its been proven that we could use it at around 40 cents a litre [anything petroleum based is $1.40+/litre in Oz]. And we have a huge NG pipe system that webs across the country, so distribution would be relatively straight forward.
But the governments of the day are not listening. And this at a time where Australia has suffered a drought that has been around now for over 10 years - harvests are severely affected and the unit cost of purchasing some sort of cellulose to make ethanol is very high.
Now I know gas would be problematic on a motorcycle, but it is only a small matter for other automobiles, trucks, tractors etc.
Nobody is worried about oil running out, if they were, you'd see mass reaction from many area's. I read somewhere that there is still over 30 years of supply in the arab gulf alone based on present day useage rates.
As an aside, there is a very interesting series of vid's on youtube about the oil industry. I don't know that I believe it all, but it does make you question what we are being lead to think and who is right.