Those are all short term things, 3 million barrels a day, how about 4 billion people who want cars in the next ten years?
Your 3 million barrels assumes a oil market where “we” dominate in consumption, in the near future, it won’t “We” it will be “us”.
IMO, coal has a role in either power plant fuel, or liquifying it and refine it into normal crude, the last time I checked, oil over 45 dollars a barrel meant that fuel from coal was priced competitively with normal oil.
But every 5 years or so, the number of people who want that fuel is going to go upwards, demographics is destiny I’m afraid childofthe60’s as China and India grow more prosperous, they will want more Americanish things, like cars and 24/7 electricity.
OK, what you have not explained is how you think ethanol is of any value in the energy equation, short or long term.
How is ethanol better than millions of barrels of oil? If, as you claim, we (the world) can’t ever produce enough oil to meet demand, then how can enough ethanol be produced to make a difference? Ever? Mathematically and physically that much ethanol simply can’t be made. Not now, not 10 years from now. It’s a pipe dream.
And as I said, fuel for cars is only one part of the petroleum equation in the world’s economy.