EROEI is only one consideration and may not be the most important one in energy policy. Energy independence (reducing international competition for limited natural resources), freedom from pollution (including carbon dioxide and other green house gases), and affordability could be more important, particularly when considering secondary energy sources. While a nation's primary energy source is not sustainable unless it uses less energy than it creates, the same is not true for secondary energy supplies. Some of the energy surplus from the primary energy source can be used to create the fuel for secondary energy sources, such as for transportation.
http://en.wikipedia.org/wiki/EROEI There are good reasons why governments and universities don’t use EROI when evaluating fossil fuel replacements.
Scientific models, like GREET and others, show the true relationship of energy balances and carbon dioxide production.
Oil/gasoline has a true negative energy balance with 100% carbon dioxide release while bio-fuels have a positive energy balance and reductions in carbon dioxide releases.
Your EROI is a silly little game fossil fuel producers like to play. I like the bank analogue. They make a withdraw, oil in this example, from a bank account, or oil reserve in this case, with a debt card divide the withdraw by the service fee,the oil used to produce the gasoline, and then claim a positive cash/energy flow. Well, I think its obvious this little delusional game will come to and end when the account is depleted. The foolishly blind & incompetent EROI economics is driving global warming and it will come to an end one way or another.
Thermodynamics is the study of the inter-relation between heat, work and internal energy of a system.
The British scientist and author C.P. Snow had an excellent way of remembering the three laws:
You cannot win (that is, you cannot get something for nothing, because matter and energy are conserved).
You cannot break even (you cannot return to the same energy state, because there is always an increase in disorder; entropy always increases).
You cannot get out of the game (because absolute zero is unattainable).
http://www.physlink.com/Education/AskExperts/ae280.cfmHowever, ethanol will be here as long as the sun is shinning.