Earlier this year Fortune had an article on Richard Branson Oil and Ethanol that was pretty good.  Virgin, the company that Branson runs, is buying up ordinary ethanol plants.  Branson believes that oil prices will continue to rise.  Virgin is also interested in producing a hybrid car some day.  Branson believes that with our current waste products a lot of the world energy issues could be resolved, since cellulosic (a form of ethanol) is almost 100% environmentally friendly.

Virgin is investing a few hundred million dollars into the project.  Corn prices this year are higher than usual according to cnn.com that mentioned a good number of corn producers are selling their corn to ethanol producers.  I have thought for a long time (since 88′) that ethanol is a good solution to oil.  Good luck to Richard Branson Oil and Ethanol.