1) What Jaba said!
Australia, for example, has extensive known oil reserves - they are just not currently commercially viable as there are more easily tapped reserves available.
Biofuels are a disaster...
2) No so! While it is true that turning food-grade grains into ethanol is immoral, there are other second-generation technologies being explored that look really interesting. For example, biodiesel is already being produced by micro-algae in pilot plants. One of the bi-products of this process is a high protein feed supplement that is high in Omega 3 oils. That opens up all sorts of really interesting possibilities - high Omega 3 beef, milk, chicken etc!
Dr 