A great place to find information about the true cost of Oil and the cost of ethanol can be found at
http://www.ethanol.org . American Coalition for Ethanol can supply you with research and documation from studies that have been conducted from both industries. Give them a phone call or send them an email and I'm sure that they will provide you with plenty of research.
The Real Cost of Oil
http://www.ethanol.org/index.php?id=34&p…
Petroleum and Ethanol Fuels: Tax Incentives and Related GAO Work: U.S. General Accounting Office, September 2000. This study examines subsidies given to the oil industry and to the ethanol industry and finds that the amounts of those to the oil industry are far higher.
Fueling Global Warming: Federal Subsidies to Oil in the United States : Industrial Economics Incorporated, June 1998. This study, prepared for Greenpeace, examines the federal subsidies given to the oil industry in detail and identifies logical areas of reform.
The Real Price of Gas: International Center for Technology Assessment, December 1998. This independent study Identifies and quantifies the many external costs of gasoline and estimates the true cost of gasoline to be between $5.60 and $15.14 per gallon.
Oil Slickers: How Petroleum Benefits at the Taxpayer's Expense: The Institute for Local Self Reliance, August 1996. The study concludes that if you include tax subsidies, the cost of protecting the oil supply, and the cost of environmental and health hazards, a gallon of gas costs 32 cents more than its pump price.