Well, who woulda’ thunk it? The Environmental Protection Agency finally decided to acknowledge the incompatibility of the Renewable Fuel Standard with both America’s declining gasoline consumption and the environmental degradation caused by the production of corn ethanol, thereby obliterating the entirely government-imposed “market” for biofuels — and what do you suppose happens? Via The Hill:

Almost eight in 10 biodiesel producers in the United States have cut back production this year due to uncertainty over federal policies that encourage making the fuels, the National Biodiesel Board (NBB) said.

The report released Wednesday was based on a survey the NBB conducted. In addition to the finding that 78 percent of producers reduced output, 57 percent of companies have idle or shut down plants and 66 percent have reduced their workforces or are considering it.

Almost all of the surveyed companies attribute the industry’s decline to two recent policy developments: the expiration at the end of last year of the tax credit to produce biodiesel and a proposal last year by the Environmental Protection Agency not to increase the biodiesel mandate in the Renewable Fuel Standard.

“Inconsistency in Washington is wreaking havoc on the U.S. biodiesel industry,” Anne Steckel, NBB’s vice president of federal affairs, said in a statement.

snip

Read more:http://hotair.com/archives/2014/05/15/oh...te-uncertainty/

Zitat

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˙pɹɐpuɐʇS lǝnℲ ǝlqɐʍǝuǝɹ ǝɥʇ uᴉ ǝʇɐpuɐɯ lǝsǝᴉpoᴉq ǝɥʇ ǝsɐǝɹɔuᴉ oʇ ʇou ʎɔuǝƃ∀ uoᴉʇɔǝʇoɹԀ lɐʇuǝɯuoɹᴉʌuƎ ǝɥʇ ʎq ɹɐǝʎ ʇsɐl lɐsodoɹd ɐ puɐ lǝsǝᴉpoᴉq ǝɔnpoɹd oʇ ʇᴉpǝɹɔ xɐʇ ǝɥʇ ɟo ɹɐǝʎ ʇsɐl ɟo puǝ ǝɥʇ ʇɐ uoᴉʇɐɹᴉdxǝ ǝɥʇ :sʇuǝɯdolǝʌǝp ʎɔᴉlod ʇuǝɔǝɹ oʍʇ oʇ ǝuᴉlɔǝp s’ʎɹʇsnpuᴉ ǝɥʇ ǝʇnqᴉɹʇʇɐ sǝᴉuɐdɯoɔ pǝʎǝʌɹns ǝɥʇ ɟo llɐ ʇsoɯl∀

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ssǝuᴉsnq ɟo ʇno oƃ llɐ ʎǝɥʇ ǝdoɥ I ˙ɯǝɥʇ ʍǝɹɔS ˙uoʇƃuᴉɥsɐM ʎq pǝqᴉɹq ǝɹɐ ʎǝɥʇ ɟᴉ ʇᴉ ǝʞɐɯ ʎluo llᴉʍ sǝdop ǝsǝɥʇ ʇɐɥʇ ɹǝsol ɐ ɥɔns sᴉ lǝnɟ sᴉɥʇ oS

Quote: algernonpj wrote in post #4

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noʎ ʎuunɟ s,ʇɐɥʇ ʍou

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