Venezuela’s recent downward spiral illustrates the profound economic and political effects oil price fluctuations have on the world’s oil-producing countries. Venezuela’s economic crisis continues to go from bad to worse. The Venezuelan Bolivarian socialist economy has collapsed from a fatal ...

Under a new U.S. Renewable Fuels Standard (RFS) program, created by the Energy Policy Act in 2005, the US became the world’s largest producer of ethanol fuel. By 2007, a second government mandate, the Energy Independence and Security Act (EISA), ...