Of course they use the terms "supercycle" and "convergence", but it boils down to exactly the same thing.
From now on, you need to compete with the machines successfully or you simply don't get to eat
Of course, simply an "I told you so" wouldn't be particularly interesting...
What IS interesting is that they've also published the underlying cost of production (in equivalent barrels) of the main biolfuel alternatives.
In a pure market, sugar cane would be the only viable biofuel with a cost of $US35 per barrel of oil equivalent. The others are sugar beet at an equivalent cost of $US103 a barrel of oil equivalent, corn at $US81, wheat at $US145, rapeseed at $US209, soyabean at $US232 and cellulose at $US305.
Although the article adds that most biofuels are driven by subsidies, this misses the point somewhat.
Subsidies don't last forever, it's very rare that something is so important as to do so. The budget pressure on something that is so fundamental to the basic functioning of a country (energy) would be enormous if it became the dominant crops.
So, long term, we can expect to see the continuing rise of sugar cane.
Because while every other alternative struggles for viability at the edge of profitability and saps the life out of government budgets, sugar surges onwards without any need for subsidies. And every dollar increase in (the worldwide price of) oil means more money in the pockets of sugar farmers and sugar refineries, more tax income for governments, and more political power for that economic group.
These numbers aren't static of course. Cellulosic ethanol costs in particular continue to fall. And cellulosic ethanol is interesting because there's a lot of places where you get "leftover" cellulose in various processes.
If these can be made profitable from an energy product approach, expect more trouble. Things like the horse industry complaining about hay shortages, and greater difficulty for cattle farmers (of the "we own land" variety) finding feed to deal with short term droughts.
We compete with robots for sugar, corn, and to some degree wheat already, but this gives cellulose a free ride, and helps to control (non-feed-lot) meat prices to some degree.
But boy, just wait till you see the price of meat move once collulose becomes affordable.