Ethanol is quite scaleable. Corn alone can't replace all of our oil needs, but it can have a major impact. About 1/3 of our 140B gallons of fuel consumed per year is from the middle east. With corn-based ethanol, we can cut that 47B gallon number between 50% and 100%.
We currently produce 4.5B gallons of ethanol per year, and plants are currently under construction to double that number (16ish month construction time, but some of these projects are virtually done). If you look out to the 2009-2010 range, there are enough funded projects right now to more than double that again. So cornbased ethanol alone should take us to 25 billion gallons or so.
Wiping out 50% of our dependency on middle eastern oil would be huge. There isn't any other option we'll see for the next 20 years that could do that.