Timilsina, Govinda R.; Mevel, Simon; Shrestha, Ashish - 2012
The price of oil could play a significant role in influencing the expansion of biofuels. However, this issue has not … impact of oil price on biofuel expansion, and subsequently, on food supply. The study shows that a 65 percent increase in oil … price in 2020 from the 2009 level would increase the global biofuel penetration to 5.4 percent in 2020 from 2.4 percent in …