But in any case, carbon from the ground is used to fertilize the fields to grow the corn. For every unit of energy produced by corn using carbon sequestered from the air, it matters how much carbon from oil buried underground is released in the atmosphere to produce that unit of energy. If it's greater than or equal to the amount offset by not burning gasoline, it's a net loss.
All of these factors have to be included in lifecycle assessments, which are the tool to use for deciding if a proposed policy is going to lead to lower atmospheric carbon in the future, rather than simplistic models. Selling someone a simplistic model instead of an LCA is basically lying.