DG and others- you can see from my AVATAR- that I am a hard core racer, and have been since the age of 7- I changed tires and fuel for my Uncle Coot's record holding 1964 Ram Max wedge "Savoy"- a 426 cross rammed wedge David vs Goliath world beater- we beat both the ramchargers and the national sponsored teams, at six different national events, destroying old records in the process. I myself have won national and regional events in sprint car, outlaw and drag racing events, and numerous cycling events- both mountain bike and the gas powered type
So ya, I have gasoline in my blood
funny thing is, THE RACERs have been BEGGING the santioning bodies to allow us to use alternative fuels and hybird cars- we had to lobby like crazy just to get them to let us use EFI.
When a class rule is opened up, innovations come so fast, darn near light speed, that the sanctioning body has to be careful that the cars/bikes/whatever don't go faster than the safety equipment innovations that must accompany them.
Methanol and Ethanol are "Alcohol" classes- they are considered a "power adder"- and funny enough- WE have been the ones saying, way back in the 60s and 70s "why are we running fossil fuels in the grocery-getters? "
All kinds of "pollution controls" are there not because they really make a motor more efficent, more smog free etc (with the possible exception of the PCvalve and the EGR valves- which we all use anyway- it keeps raw fuel fumes fom leaching into the atmosphere)
it is there because the average person doesn't know how to keep thier car in optimum tune,
here is an example. My race car has a 500ci, 850hp motor with "shorty" collectors- not even mufflers (okay- noise pollution- you got us on that one

)= my care passes the "sniffer" test for a 2007 4 cylinder hybrid, and puts out less NOX than a hybird Prius! Why? Because I tune my car before it leaves the driveway- very few here could do it, I imagine- and my fuel is 8.50 cent a gallon premium fuel- no unneccesary additives here, and it is very, very refined.
At idle, and under power, I can tune my car with an old palm pilot (though, right now, I have a very old laptop I picked up for 10 bucks- another recycle use for hot rods

) and lean or richen the mixture, which I can actually do by ear better than the computer mapping programs, because I have done this so long (the computer tells me it is a bit "fat", and I think it is just right- the tail pipe sniffer tells m I am the correct one, I listen to the rise and fall of RPMs througout the power band)
I have just finished a "power tour" set up for my 1969 Coronet , it is now going to be running a 500ci EFI "hybird" (here meaning, it is a custom stroke and bore ratio that was never offered from the factory) with a six speed transmission I took from a modern corvette.
I have built this car, and cars before it, that get over 30mpg, while pumping out AT LEAST 500HP, - because it is purpose designed to do this.
The factories pay us innovator big bucks on occasion to buy our ideas- and there is no harder "scouting for talent" in any venue- including basketball and football- than what auto factories do looking around pro-mechanics at the drag strip or race track- that is why they send HUNDREDS OF MILLIONS of dollars our way, and give us cars, and motors, and pretty much anything we ask for, because they know where the innovation happens.
I made 60k in 5 weeks in 1996, for "contingency bucks"- putting stickers of products I run on my car- and everyone of them was for a product innovated for that form of racing- and about 90% of it has trickled down into your "grocery getter"
My uncle again- he basically invented the "stall converter" (vs "torque converter") for racing by welding the snout off a chrysler 727 torqueflight transmission onto a Ford Cortina 4 cylinder powered torque converter, and then actually cutting the stock converter apart, and rewelding every vane to a new angle that increased performance.
This is now a multi-billion dollar industry- my uncle got a pretty big pile of cash from it- but he had no idea that it would be THAT big.
You take away drag racing, or any other motorized sport- you will IMMEDIATELY stagnate all forms of transportation-
here is another thing, right now, ALL electric/hybird testing goes through a racing venue- it is the only way to be sure if it is an economically feasible vehicle, - a bunch of cats from Norway have broken the 7 second barrier on motorcycles- powered strictly by batteries and a super-efficient electric motor- each thinner than a but same size as deck of cards battery has more "juice" than the big ol' 12v in your car/
and again- it is the racers begging the car industry to keep up here too
we want the whole world to convert to 48 volt batteries from the 1950s tech of the 12v battery- because we know that, in doing so, not only will the batteries last much, much longer, we can make them much less toxic to through away- WHEN we do finally need to throw them away- and they are "bio-cell" tech, which means that you can REALLY start thinking "outside the box" in mounting, and electrical systems etc
We think that this will revolutionize hybird tech- but the auto and motorcycles (though bikes go much faster to the newest tech) industries are far, far behind the racers, and we are always dragging them kicking and screaming past the bean counters to new tech.
Take variable valve rate tech- you see it in every new vehicle today, makes cars far more efficient-
this was invented by racers IN THE 1960s!!Rhodes lifters invented the "anti-pump up" lifters back in the late 70s, it took nearlly 15 years for the car companies to start using this tech!