Can alternative fuels beat fossil fuels atleast in the next decade?

Mankind is using up world's energy resources in a way no other animal has ever done. Now petroleum based fuel economy is ruling our world. Although we have developed so many alternative fuels, they are still able to meet only a small proportion of our actual demand. The present paper describes some of the alternate fuels and their competence to beat fossil fuels. Lack of adequate technology to trap and store the renewable energies when they are in abundant supply is the area where we have to concentrate much. The production of fuel alternatives is projected to increase more than 2.5 times their current usage levels or about 1.0 million bpd by 2015. But even at this strong rate of growth alternate fuels will be only 2.3% of total use at that time. So fossil fuels will continue to be the dominant fuels at least for the next 10 years.