I'd seen mention of this before, but now it really gets my attention. American bio-diesel producers are exporting. To Europe. With USA tax subsidies. Why aren't they selling it here? Blending it here? Diesel is almost $5 a gallon in Louisiana and we are exporting subsidized bio diesel to Europe? This is pretty outragous and a trade violation. And we don't allow Brazilian ethanol to be imported to compete with our corn/maize ethanol. Brazilian sugar cane ethanol is the worlds cheapest. Comparative advantage. We don't believe in capitalism unless it means subjecting other countries to our dominance.
Here is another post on re-exporting south american biodiesel with a USA subsidy added. Incredible.
16 June 2008
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2 comments:
Good for people to know.
People should read this.
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