Ummm..... you mean the energy content is lower than regular gasoline?
The energy content of E10 is only slightly lower than that of gasoline since there is only 10% ethanol. As for E85, I love the stuff. The corrosiveness and other bad qualities of pure ethanol are much better with the 15% gasoline, and the octane rating is over 100. With higher octane, you can run more compression, which increases fuel econmy.
There is a lot to be said about ethanol. Brazil is using 100% ethanol for their automobiles. Ethanol is reneuable and can be made from corn, sugar cane or even beats. The carbon released during the burning of ethanol origionally came from the atmosphere because the plant takes in CO2 to grown. Seems pretty good to me.
In fact, I want to convert the 88 to run on E85. With 100 octane and being oxygenated seems awsome to me. I've read that short term use of E85 will have little effect on the fuel system because the 15% gas makes it so much less corrosive. My only hold back is that the nearest E85 station is still 30 miles away, actaully one 30 miles to me west, and one 35 miles to me east.