Called 'splash and dash,' 'touch and go,' or an unfair trade practice, it features biofuels traders who exploit a US tax credit, European drivers who get cheaper diesel fuel, and American taxpayers, who are footing the bill. It also illustrates a cautionary tale of how government incentives, no matter how well-intentioned, can sometimes be subverted into windfalls for the few. (Christian Science Monitor, Friday)
Dog bites man.
FEE Timely Classic
The Growing Abundance of Fossil Fuels by Robert L. Bradley, Jr.