6/22/2010

The Gulf of Mexico oil disaster is fueling calls to end the U.S.'s dependence on oil, yet the government has neither renewed the biodiesel tax credit that lapsed last year nor extended ethanol tax incentives due to expire this year. Lawmakers "need to extend the ethanol tax credit and reinstate the biodiesel tax credit," said Ned Schmidt, editor of the Agri-Food Value View Report. "Failure of the Obama regime and Congress to do so makes all their criticism of BP nothing more than political noise."

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