Kevin. Of course biofuel all contributes virtually the same carbon to the envirement as oil but…and this is a stupendiously big but, the carbon from any fresh grown fuel does not count the same as the carbon from any fossil fuel. This an elementary fact of greenhouse gas knowledge BTW. The carbon atom added to the atmosphere from a fresh grown crop was just taken from that atmosphere by that same crop and thus is not increasing the carbon in that atmosphere over time. This is not true of fossil fuels which are releasing carbon stored from over millinea, vitually all at once. Problems of biofuel, such as real efficiencies, use of resources, and possible pollution are other issues that really do need to be considered more carefully.
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