Falling oil prices will redistribute money away from producers and to consumers, but the question is whether biofuel policy adjusts in a timely and correct manner with declining agricultural commodity prices. Oil and Biofuel Policy Falling oil prices will redistribute money away from producers and to consumers, which will help fast food firms and other consumer goods suppliers. The question is whether biofuel policy adjusts in a timely and correct manner with declining agricultural commodity prices. France has just increased the allowable cap on biodiesel's share in fuel from 7 percent to 8 percent, but lead member of the European Parliament Nils Torvalds has just issued legislation that would keep a 6 percent cap on crop-based biofuels...