Biofuels or Bio-fools?

Vinod Khosla, a Silicon Valley legend, is leading the venture capital rush into replacements for gasoline: biofuels made from corn and rougher stuff like switchgrass. But if prices fall and political subsidies vanish, the bubble may burst.

On September 21, 1901, in the small town of Jennings, a group of men working for W. Scott Heywood became the first to find oil within the bor


Like gasoline refined from crude oil, ethanol