Is it possible for bioenergy to be next hot industry to drive economic growth like IT?

Due to the world wide financial crisis, we need an industry to to be the leading force that can drive the economics bounce back and restore the confidence of consumers to the market and future. IT will not be the one again. It is impossible for the traditional industries such as automobile, steel, pharmaceutical, oil etc. Is is possible for the bioenergy? Some factors still limit its commercialization.

• Renewable biomass supply
• Genetic modification of biomass to massively produce energy crops or biomass?
• Cost effective pretreatment technology
• Cost effective, large scale available stable microorganisms
• Effective and low cost product recovery system
• Consumers' preference
• Other??