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On the other hand a Fischer-Trops conversion has an efficiency in the range of 70% so the coal to diesel EROEI is 0.7 which is not that far - again for ethanol I omitted the other energy inputs for fertilizers etc.
The CO2 arithmetics is even worse for ethanol because the ethanol itself is releasing CO2 in the atmosphere. If instead we yielded the farmland to forests the net result would be a reduction of C02 so I can not not agree that ethanol is costless on this point - there is an alternative cost here. My fear is that if we allow this idea to go to a really large scale, there may come a day when we will have all our forests replaced by energy crops just like it seems to be already happening in Brazil. No need to comment on the CO2 emissions effects from that prospect.