by Robert P. Murphy The Renewable Fuel Standard (RFS) contained in the Energy Policy Act of 2005 mandated the use of corn-based ethanol in motor fuels. The recently enacted Energy Independence and Security Act accelerated this mandate to 9 billion gallons of ethanol in 2008 and 36 billion gallons in 2022. Recent spikes in food [...]

The answer is not the United States, as one might think. Consumption of liquid fuels (both petroleum and bio) is forecast to increase by more than 40 percent from 2004 to 2030. Leading the increase will be Asian countries such as China and India, which are not members of the Organization of Economic Cooperation and [...]