Is driving worth skipping dinner for?

I never really understood why people believed in Bio fuels like ethanol so much. The current wall street hype is understandable but the the european mandate to have 5,75% of all fuel be bio fuel? Where is it going to be harvested from? To have enough biofuel to make all of the united states de able to drive on it you would have to fill the entire US with corn fields. About twice. Furthermore, as it now turns out, prices for food are rising across the board due to the risen demand for the stuff. Beer, meat, milk, most food stuffs have the same basic resource needs as ethanol.

So i guess the question becomes; drive or eat?

This about as silly an eco solution as they get in my humble view. Hybrid cars are a good solution, charge them with electricity gained from solar power and you halve your fuel use and your co2 fumes. That at least makes sense. Am i missing some material information to get this whole biofuel hype?

update:
this seems to partly solve the problem; using grasses and wood pulp instead of grain. cheaper and 50% more effective.

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