While I am no fan of the Ethanol Mandate, the claim above is not true.
You, most assuredly, are misinformed.
UC scientist says ethanol uses more energy than it makes:
http://www.sfgate.com/news/article/UC-scientist-says-ethanol-uses-more-energy-than-2659237.php
Study: Ethanol Production Consumes Six Units Of Energy To Produce Just One:
http://www.sciencedaily.com/releases/2005/03/050329132436.htm
Efficiency and Environmental Improvements of Corn Ethanol Production (The Net Energy Balance focuses on whether it takes more energy to produce ethanol than is contained in the ethanol. The answer to this question is yes. If it took less, ethanol production would be breaking the laws of physics and creating energy where there was none before.):