I really don't see biofuels taking off - but I haven't looked into it a lot - what's the current situation with biofuels, what are their benefits, and how do they stack up against the competition?
Also if possible, how does the 'ideal' biofuel stack up against the 'ideal' electric, for example?
When I say ideal, I mean something like... eventually, we'll be able to obtain a large portion of our electricity from Solar, Wind and Nuclear - all extremely green, viable everywhere in the world. Basically no emissions.
I was speaking to your mention of plastics:
As for energy, biofuels is just one subset of the things that can be made from biological sources. To answer your the general question about energy, think about it this way:
Biofuels are the culmination of using biological feedstocks (currently photosynthetic plants) that are one step removed from the source, in this case the sun. Wind, similarly, is a function of solar energy, as is, obviously, photovoltaics, so it's a matter of relative efficiency. Terrestrial food chains generally exhibit ~10% energy transfer, so as soon as photovoltaics surpass that threshold, they win on an efficiency basis.
HOWEVER, energy economies are complex, and given the state of the grid in the US ( let alone elsewhere in the world) energy storage is as important if not more important than generation and efficiency. The end result of photovoltaics is electricity, which then has to be stored (batteries) and transmitted (shitty grid), while biofuels produce a stable energy source in the form of lipids (oil).
Given the economies of the process a few years ago (i worked in biofuels) process efficiencies were slow to come, and biofuels won't compete with fossil fuels on a per gallon price for another few decades. Given the trends in PV efficiency (
http://www.economist.com/news/21566...y-will-no-longer-be-alternative-sunny-uplands) if storage is solved soon biofuels as energy may never catch up, to be honest.
But plastics are often overlooked. Nearly every single product around you, is made with plastic or its manufacture is aided by plastics. What happens with natural lipid sources run out? Because the energy content of the lipids is not as important, processes that rely on algae (which probably have one of the highest lipid to biomass ratios when grown under stressed conditions, though I might be mistaken) will likely replace fossils fuels as the primary source for plastics in the future.