Michael Giberson
How far would you go to gain another $1 a gallon on fuel? As The Independent reports, some biofuel traders in Europe, in a little trick called “splash and dash”, are shipping biodiesel to the U.S. to be mixed with a little gas to qualify for a $1/gallon subsidy, then shipping it back to sell in European markets.
The Independent quotes Chris Goodall, “carbon guru and author of How to Live a Low Carbon Life,” as observing: “The current biofuels frenzy is more to do with the power of the agricultural lobby than it is about tackling climate change.”
I would be shocked, of course, absolutely shocked I tell you. But its been a long week.
(Another HT to WSJ’s Energy Roundup.)