It takes a much oil to make bio-fuel as you get back out of it. The entire process produces far more air pollution than simply burning the fossil fuels in your car.
Ethanol is now typically at least 15% energy-positive. That's not very good, of course, but it's still energy-positive. Your numbers are far out of date.
However, there are lots of very good reasons why ethanol is rotten from stem to stern. In the interest of brevity I'll spare all the reasons why ethanol is a bad motor fuel and just move straight to environmental impact. Virtually all fuel ethanol is made from corn and virtually all of that corn is grown continuously, which is to say without crop rotation or even letting fields lie fallow. This depletes the soil of everything that makes it soil and not just dirt. Thus, virtually all fuel ethanol production is actually selling out the future of food production for short-term profit.
One thing that would be a really great motor fuel is methane. What we do is we stop cooking our shit in open ponds and then feeding it into waterways. Instead, we cook it in a closed (or at least effectively closed) reactor, it turns into soil, and then we can use it to grow food. While it cooks in an anaerobic environment it releases a lot of its carbon in the form of methane, which we can separate with a membrane and capture for later use anywhere we currently use natural gas or propane. It's really quite trivial on a mechanical level to convert literally any gasoline vehicle to run on methane. They get less mileage per unit of mass, but the output is of course vastly cleaner, the crankcase lubricant lasts longer, and so on. The fuel can be stored in relatively inexpensive tanks compared to hydrogen, or of course compared to the energy density of batteries. Propane conversions are common in off-roading. Range becomes an issue, but I see a lot of Jeeps with conversions up here in the sticks. Gas will work at any right-side-up angle even when the tank is mostly empty, unlike gasoline.