You can hardly open up a major newspaper or national magazine these days without encountering the latest hype about biofuels, and how they're going to save oil, reduce pollution and prevent climate change. Bill Gates, Sun Microsystems' Vinod Khosla, and other major venture capitalists are investing millions in new biofuel production, whether in the form of ethanol, mainly derived from corn in the US today, or biodiesel, mainly from soybeans and canola seed. It's literally a "modern day gold rush," as described by the New York Times, paraphrasing the chief executive of Cargill, one of the main benefactors of increased subsidies to agribusiness and tax credits to refiners for the purpose of encouraging biofuel production.