Could alcohol production be decisive factor?

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I just had to write this down...it is hillarious!!! The beer that we are enjoying could just be the KEY to the next global economic giant! Imagine, in petrochemical feedstocks..... the basic ingredients are C1, C2, C3, C4 and C5 plus those pesky benzene rings! Would it be..with all our tomfoolery and battle for crude oil.... and China and New Middle Kingdom quietly building up all those nice cassava, cane sugar plantation....be building the basis of a new SUPERPOWER in our world! ha ha ha afterall....alcohol production..China intends to be no.1... and alcohol can make acetic acid....which produces PTA..or polyesters!!!! what about coal....China has the world's largest coal deposit...she can get those pesky benzene products..to make those plastics... what if....China could get cost effective ways to use wood, plant material to make those alcohol from cellulose? make it cheaper than US$60 a tonnes?