Tuesday, October 30, 2007

Biodiesel group concerned over fuel subsidies

No. Not man bites dog.
Rent-seeker bites rent-seeker, maybe.

From Brownfield:

Biodiesel producers are concerned that so-called renewable diesel might jeopardize chances of extending federal biodiesel tax incentives. National Biodiesel Board CEO Joe Jobe says petroleum refiners receive the same dollar-a-gallon subsidies as biodiesel producers even if they co-process very small percentages of animal or vegetable fats with petroleum at the refinery.

...Meanwhile, Gene Batchelder, Chief Information Officer for ConocoPhillips Petroleum, maintains that one type of renewable fuel is no more important than the other.

...And Jobe agrees that refiners should be subsidized for co-processing renewable oils with petroleum, but at fifty cents a gallon....More