ABSTRACT
A major development has taken place in Latin America during the early months of 2007. The Cuban dictator has risen from the ashes. Fidel Castro has written, about the emerging bio-fuels policy of the United States, and the forging of a functional, economic alliance with Brazil, the most powerful nation in Latin America. For their part, the Brazilians have enlisted the active aid of the Ecuadorian government in the biochemical policy entered into agreements with the United States, involving the conversion of food sources, especially corn, into fuels for automotive and related energy needs. The emergence of alternative energy sources predicated on the use of food crops does increase inflationary pressures. It is expected that crop demand may have just such a short term outcome, but it does not seem to have had more than a marginal impact to date. The world battles concerning the advantages and disadvantages of "globalization" have been moving in this direction.
