Pick up and read anything you can find by Gordon Tullock. Remember that public choice theory and “rent-seeking” are important parts of our intellectual approach to the world.
Last Friday the EPA announced a reduction in 2014 biofuel mandates from 18 billion to 15 billion gallons. This decision was made because gasoline consumption has fallen and fuel mixes made with over 10 percent biofuels can damage car engines. But there is more to the story.