I would rather pay the local farmers for energy/fuel than the Mideast oil shieks.
Cheese
What a great Idea 
Instead of feeding this great nation and most of the world we'll put our farmers to work powering some scoccer mom's 4dr, 4x4, V10, 1ton family car

Trust me us Americans are just dumb enough via our driving habits to inflate the price of a box of cornflakes to $35 at which point you'll be begging to pay some towelhead $120 for a bbl of oil. And don't think for a second only corn products will increase in price, all food will get very expensive as farmers all over the country get out of food growing and get into the lucrative energy business.
Now I don't know about you, but I don't need gasoline to survive. But I sure as heck can't do without food. This E85 policy is the dumbest Idea our country has came up with since Social Security.
The ONLY realistic solution to out energy problems is Nuclear powerplants recharging electric, hydrogen and compressed air powered vehicles. Try getting the tree huggers to go for that!