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Biodiesel producers lose $1 a gallon tax credit

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posted on Jan, 1 2010 @ 04:13 PM
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Biodiesel producers lose $1 a gallon tax credit


www.msnbc.msn.com

Biodiesel's woes come on top of a year of problems for the fledgling biofuel industry — an irony given the push to cut down on greenhouse gases and ease the nation's need for foreign oil. A key driver for the alternative fuel — the high cost of oil — disappeared as diesel prices dropped 18 percent since the beginning of the recession. Then in March the European Union placed import-killing tariffs on biodiesel and other biofuels.
(visit the link for the full news article)



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posted on Jan, 1 2010 @ 04:13 PM
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This article does not make it look good for bio fuels. In adation to the tariff put on bio fuels from Europe the one dollar a gallon credit from the U.S. has gone away also. The article also goes on to say that the bio fuel plans are operating at only fifteen percent capacity. Putting all that together, does any one else see the oil companies forcing any of this?

www.msnbc.msn.com
(visit the link for the full news article)



posted on Jan, 1 2010 @ 04:24 PM
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Our voice, our votes, they count for nothing. Men with interests who are backed by the most cash are the only people who count. Who thought it was different? Change happens by force, never willing compulsion.



posted on Jan, 1 2010 @ 09:53 PM
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This is good. Biofuels are a joke, anyway. Land that should be for food or forest is uselessly being utilized for inefficient oil.



posted on Jan, 1 2010 @ 10:07 PM
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Bio fuels can be made from trash and sewage and should be.
landfills should be closed and all this waste should be used to make fuel.
en.wikipedia.org...


does any one else see the oil companies forcing any of this?


The oil companies do not want Fischer-Tropsch plants because it would cut into there profits and will lobby against any tax credits for this synthetic fuels even though it is cleaner then the best petroleum oils.

Big business lobbies still rule the congress and will do anything to stop competition.







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