Europe probes biodiesel 'dumping' {by US !!} (BBC)

[eppur_se_muova]

The European Commission has launched an investigation into claims that the US is "dumping" subsidised biodiesel onto the European market.

The US government supports the production of biofuels from corn and soya, saying it provides an alternative to expensive, foreign crude oil.

It sells the surplus abroad, including to Europe.

But European manufacturers have complained that the artificially cheap imports are damaging their industry.
***
"The Americans more than a million tonnes of biofuel to Europe last year, all of it heavily subsidised," said Doug Ward, from Scottish biofuel maker Ardent Energy.
***
more: http://news.bbc.co.uk/2/hi/business/7453564.stm

Your tax dollars at work ... keeping American companies strong -- and profitable! :patriot:

[flashl]

1. More financial alchemy, bio-fuel, a subsidized twofer, creating both food AND oil shortages.