German biodiesel associations see biofuel makers folding amid tax increase

Another opportunity to quote our hero.
From our post on biofuels, March '07:

Finally for investors in rent-seeking organizations there is the real risk that the politicians will change the rules. Heed the words of Sen. Simon Cameron (R&D!-Pa.):

"The honest politician is one who when he is bought, will stay bought."

Here's the story, from Forbes:

An increase of German fuel taxes on biodiesel at the beginning of the year has led to a slump in demand, bringing hundreds of biodiesel makers to the brink of bankruptcy, die Welt reported, citing two German biodiesel associations....MORE